Penguin Solutions Completes Zilia Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy PENG?
Source: seekingalpha
- Transaction Completion: Penguin Solutions' wholly owned subsidiary, SMART Modular Technologies, completed the Stock Transfer Agreement on March 30, 2026, acquiring the remaining 19% interest in Zilia Technologies for $46.08 million, marking a significant expansion in its portfolio.
- Ownership Change: This transaction results in SMART Modular Technologies holding 100% of Zilia Technologies, with seller Lexar Europe no longer retaining any interest, thereby enhancing the company's market control and strategic positioning.
- Market Positioning: Zilia Technologies specializes in assembling and testing standards-based memory modules for electronics manufacturers targeting Brazilian consumers, and the completion of this deal will facilitate Penguin Solutions' deeper penetration into the Latin American market.
- Stock Price Reaction: Following the announcement of the transaction, Penguin Solutions' stock rose by 3.98% in pre-market trading to $18.3021 per share, reflecting market optimism regarding the company's growth prospects.
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Analyst Views on PENG
Wall Street analysts forecast PENG stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 26.740
Low
23.00
Averages
26.00
High
30.00
Current: 26.740
Low
23.00
Averages
26.00
High
30.00
About PENG
Penguin Solutions, Inc. is an end-to-end technology company. The Company’s Advanced Computing segment, under its Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the Internet of things that span the continuum of edge, core and cloud. Its Integrated Memory segment, under its SMART Modular Technologies brand, provides high-performance and reliable integrated memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Its Optimized LED segment, under its Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. The Company’s LED products enable its customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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