Impinj (NASDAQ:PI – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.
A number of other brokerages have also recently commented on PI. Needham & Company LLC decreased their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Jefferies Financial Group raised their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. Seven 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.30.
Impinj Stock Down 3.5%
Impinj (NASDAQ:PI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. During the same period in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, analysts expect that Impinj will post 0.37 EPS for the current fiscal year.
Insider Buying and Selling at Impinj
In other Impinj news, Director Sylebra Capital Llc sold 47,479 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the completion of the sale, the director owned 840,576 shares of the company’s stock, valued at $104,281,858.56. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Cary Baker sold 1,429 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their position. 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. Over the last ninety days, insiders sold 139,953 shares of company stock worth $18,138,781. 6.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Impinj
Several hedge funds and other institutional investors have recently modified their holdings of PI. Swiss Life Asset Management Ltd boosted its holdings in shares of Impinj by 7.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after purchasing an additional 92 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Impinj by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares during the period. Xponance LLC increased its holdings in 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 purchasing an additional 99 shares during the period. Daiwa Securities Group Inc. raised its position in Impinj by 41.7% during 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 during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Impinj by 35.2% during the 4th 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 last quarter.
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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