Geode Capital Management LLC boosted its stake in shares of Impinj, Inc. (NASDAQ:PI – Free Report) by 6.8% during the 4th quarter, Holdings Channel reports. The firm owned 667,647 shares of the company’s stock after acquiring an additional 42,792 shares during the quarter. Geode Capital Management LLC’s holdings in Impinj were worth $116,195,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new stake in Impinj during the 4th quarter worth approximately $209,000. Hantz Financial Services Inc. grew its position in Impinj by 138.6% during the 4th quarter. Hantz Financial Services Inc. now owns 377 shares of the company’s stock worth $66,000 after purchasing an additional 219 shares during the last quarter. William Blair Investment Management LLC grew its position in Impinj by 5.7% during the 4th quarter. William Blair Investment Management LLC now owns 212,003 shares of the company’s stock worth $36,891,000 after purchasing an additional 11,398 shares during the last quarter. Legato Capital Management LLC grew its position in Impinj by 9.5% during the 4th quarter. Legato Capital Management LLC now owns 7,600 shares of the company’s stock worth $1,322,000 after purchasing an additional 660 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Impinj by 7,100.0% during the 4th quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock worth $63,000 after purchasing an additional 355 shares during the last quarter.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Roth Mkm dropped their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Evercore set a $144.00 price target on shares of Impinj in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.00.
Impinj Stock Performance
NASDAQ:PI opened at $120.93 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The company has a fifty day moving average of $127.24 and a two-hundred day moving average of $139.26. The stock has a market capitalization of $3.68 billion, a PE ratio of -131.45 and a beta of 1.91. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06.
Impinj (NASDAQ:PI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company 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 firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, research analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 126,600 shares of company stock worth $18,691,471 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.
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).
Further Reading
- Five stocks we like better than Impinj
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding PI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Impinj, Inc. (NASDAQ:PI – Free Report).
Receive News & Ratings for Impinj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj and related companies with MarketBeat.com's FREE daily email newsletter.
