Van ECK Associates Corp grew its position in shares of Impinj, Inc. (NASDAQ:PI – Free Report) by 31.8% in the second quarter, HoldingsChannel reports. The firm owned 17,637 shares of the company’s stock after buying an additional 4,251 shares during the quarter. Van ECK Associates Corp’s holdings in Impinj were worth $2,526,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Impinj in the fourth quarter worth about $35,000. Global Retirement Partners LLC bought a new position in Impinj during the second quarter valued at approximately $31,000. Western Wealth Management LLC purchased a new position in Impinj during the 1st quarter valued at approximately $28,000. Bamco Inc. NY purchased a new position in Impinj during the 2nd quarter valued at approximately $45,000. Finally, Daiwa Securities Group Inc. increased its stake in Impinj by 41.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after acquiring an additional 100 shares during the last quarter.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on PI shares. BMO Capital Markets began coverage on Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price objective on the stock. Zacks Research lowered shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued 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 $183.30.
Insiders Place Their Bets
In related news, Director Sylebra Capital Llc sold 45,528 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $128.94, for a total transaction of $5,870,380.32. Following the completion of the transaction, the director owned 795,048 shares in the company, valued at $102,513,489.12. The trade was a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction on Monday, August 10th. The shares were 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 directly owned 88,226 shares in the company, valued at $16,321,810. This trade represents 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. In the last 90 days, insiders have sold 59,062 shares of company stock valued at $7,676,438. 6.80% of the stock is owned by company insiders.
Impinj Stock Performance
Impinj stock opened at $175.11 on Friday. 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 firm has a market capitalization of $5.35 billion, a P/E ratio of -190.34 and a beta of 1.92. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. The company’s 50-day moving average is $154.24 and its 200 day moving average is $133.34.
Impinj (NASDAQ:PI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Research analysts forecast that Impinj, Inc. will post 0.37 EPS for the current year.
Impinj Company 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).
See Also
- Five stocks we like better than Impinj
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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.
