Janus Henderson Group PLC grew its position in shares of Impinj, Inc. (NASDAQ:PI – Free Report) by 40.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,014 shares of the company’s stock after buying an additional 8,023 shares during the period. Janus Henderson Group PLC owned about 0.09% of Impinj worth $2,877,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in Impinj by 63.5% in the fourth quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after purchasing an additional 7,194 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares during the period. Fifth Third Bancorp lifted its position in shares of Impinj by 4,821.8% in the 1st quarter. Fifth Third Bancorp now owns 8,564 shares of the company’s stock worth $880,000 after buying an additional 8,390 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Impinj by 36.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company’s stock worth $8,168,000 after buying an additional 21,205 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in shares of Impinj in the 4th quarter valued at about $17,880,000.
Analyst Ratings Changes
PI has been the subject of a number of recent research reports. Needham & Company LLC lowered their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Evercore set a $144.00 target price on Impinj in a research note on Thursday, April 30th. Jefferies Financial Group increased their price target on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Barclays raised their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.22.
Insider Activity at Impinj
In other news, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the sale, the director owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 239,228 shares of company stock valued at $32,610,791. 6.80% of the stock is currently owned by insiders.
Impinj Trading Up 6.7%
Impinj stock opened at $183.36 on Friday. The firm has a 50 day simple moving average of $139.40 and a 200-day simple moving average of $129.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The stock has a market capitalization of $5.60 billion, a PE ratio of -199.30 and a beta of 1.94. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.
Impinj (NASDAQ:PI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts expect that Impinj, Inc. will post 0.37 EPS for the current fiscal year.
Impinj Profile
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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