Impinj (NASDAQ:PI) Now Covered by UBS Group

UBS Group started coverage on shares of Impinj (NASDAQ:PI) in a report issued on Friday, Marketbeat.com reports. The brokerage issued a neutral rating and a $200.00 target price on the stock.

A number of other research analysts have also issued reports on PI. Susquehanna set a $255.00 target price on Impinj in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Barclays increased their price objective on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Cantor Fitzgerald lifted their target price on shares of Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.33.

Impinj Stock Performance

PI traded down $5.43 on Friday, reaching $163.63. The stock had a trading volume of 962,771 shares, compared to its average volume of 613,916. The business’s 50-day moving average price is $195.09 and its two-hundred day moving average price is $148.53. The company has a market cap of $4.93 billion, a P/E ratio of -371.88 and a beta of 1.83. Impinj has a 12-month low of $60.85 and a 12-month high of $247.06. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Sell-side analysts forecast that Impinj will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other Impinj news, Director Miron Washington sold 342 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $158.94, for a total transaction of $54,357.48. Following the completion of the sale, the director directly owned 2,040 shares in the company, valued at $324,237.60. This represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, the chief executive officer directly owned 341,109 shares in the company, valued at $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 325,951 shares of company stock valued at $63,713,831. 12.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DLD Asset Management LP purchased a new stake in shares of Impinj during the second quarter valued at approximately $1,332,840,000. State Street Corp boosted its stake in shares of Impinj by 1.4% in the second quarter. State Street Corp now owns 1,215,065 shares of the company’s stock valued at $134,957,000 after purchasing an additional 16,337 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Impinj by 304.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock valued at $88,184,000 after purchasing an additional 731,817 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in Impinj by 1.1% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after buying an additional 8,126 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Impinj by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,684 shares of the company’s stock worth $71,272,000 after buying an additional 19,501 shares in the last quarter.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.