Polymer Capital Management HK LTD Purchases Shares of 18,769 Impinj, Inc. $PI

Polymer Capital Management HK LTD acquired a new position in shares of Impinj, Inc. (NASDAQ:PIFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,769 shares of the company’s stock, valued at approximately $2,688,000. Polymer Capital Management HK LTD owned 0.06% of Impinj at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss Life Asset Management Ltd increased its holdings in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after purchasing an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Impinj by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock worth $429,000 after acquiring an additional 97 shares in the last quarter. Xponance LLC grew its position in shares of Impinj by 4.9% during the 4th quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after acquiring an additional 99 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Impinj by 41.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Impinj by 35.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Jefferies Financial Group lifted their target price on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Impinj has a consensus rating of “Moderate Buy” and an average price target of $183.30.

View Our Latest Analysis on PI

Impinj Price Performance

PI stock opened at $165.54 on Monday. The business has a 50 day simple moving average of $147.22 and a 200-day simple moving average of $130.68. The company has a market capitalization of $5.06 billion, a P/E ratio of -179.93 and a beta of 1.94. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PIGet Free Report) last released its quarterly 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. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities analysts anticipate that Impinj, Inc. will post 0.37 EPS for the current year.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the business’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 sale, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. The trade was a 4.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares in the company, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 240,657 shares of company stock worth $32,875,156 over the last quarter. 6.80% of the stock is currently owned by company insiders.

Impinj Profile

(Free Report)

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

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Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

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