Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Impinj, Inc. (NASDAQ:PI – Free Report) by 51.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,374 shares of the company’s stock after buying an additional 7,974 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Impinj were worth $4,202,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Impinj by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock valued at $3,113,000 after buying an additional 66 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. increased its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Impinj by 8.4% in the fourth quarter. D.A. Davidson & CO. now owns 1,299 shares of the company’s stock valued at $226,000 after buying an additional 101 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Impinj by 5.3% in the third quarter. Verdence Capital Advisors LLC now owns 2,148 shares of the company’s stock valued at $388,000 after buying an additional 108 shares in the last quarter.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays lifted their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Roth Mkm cut their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Hold” and a consensus target price of $175.00.
Impinj Stock Up 0.5%
PI stock opened at $153.74 on Tuesday. The stock has a market capitalization of $4.68 billion, a P/E ratio of -167.11 and a beta of 1.93. The firm has a 50-day simple moving average of $111.39 and a 200-day simple moving average of $145.17. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06.
Impinj (NASDAQ:PI – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.
About Impinj
Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.
Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).
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