Impinj (NASDAQ:PI) Trading Up 7.3% – Time to Buy?

Shares of Impinj, Inc. (NASDAQ:PI) rose 7.3% during trading on Tuesday . The company traded as high as $168.53 and last traded at $168.98. Approximately 124,946 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 605,521 shares. The stock had previously closed at $157.44.

Analyst Ratings Changes

PI has been the subject of a number of research analyst reports. UBS Group started coverage on Impinj in a research note on Friday, November 7th. They issued a “neutral” rating and a $200.00 target price for the company. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Piper Sandler lifted their target price on shares of Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI upped their price target on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Impinj in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

Impinj Trading Up 6.7%

The stock has a market cap of $5.06 billion, a P/E ratio of -382.53 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The stock’s fifty day moving average is $186.41 and its 200 day moving average is $153.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $96.06 million for the quarter, compared to the consensus estimate of $92.71 million. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of Impinj stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total transaction of $768,532.48. Following the completion of the transaction, the chief executive officer directly owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. The trade was a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Miron Washington sold 342 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $158.94, for a total transaction of $54,357.48. Following the transaction, the director owned 2,040 shares in the company, valued at $324,237.60. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 400,253 shares of company stock worth $75,702,649. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Impinj

Several hedge funds have recently bought and sold shares of the business. DLD Asset Management LP bought a new position in shares of Impinj in the second quarter worth about $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Impinj by 304.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock worth $88,184,000 after acquiring an additional 731,817 shares in the last quarter. Invesco Ltd. increased its position in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after acquiring an additional 393,685 shares during the period. Ameriprise Financial Inc. increased its position in shares of Impinj by 52.7% during the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after acquiring an additional 214,792 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Impinj during the third quarter valued at approximately $36,259,000.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.