Renaissance Group LLC Acquires 11,973 Shares of Impinj, Inc. $PI

Renaissance Group LLC boosted its holdings in Impinj, Inc. (NASDAQ:PI) by 30.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 51,462 shares of the company’s stock after acquiring an additional 11,973 shares during the quarter. Renaissance Group LLC’s holdings in Impinj were worth $5,716,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Impinj during the 2nd quarter valued at $28,000. Banque Transatlantique SA acquired a new stake in shares of Impinj during the first quarter worth $29,000. Harbour Investments Inc. bought a new stake in Impinj in the second quarter valued at about $33,000. Quaker Wealth Management LLC lifted its stake in Impinj by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company’s stock valued at $33,000 after buying an additional 600 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Impinj in the first quarter valued at about $43,000.

Impinj Stock Up 3.0%

Impinj stock opened at $149.16 on Thursday. The stock has a market cap of $4.49 billion, a P/E ratio of -338.99 and a beta of 1.83. The company’s 50-day moving average price is $188.29 and its two-hundred day moving average price is $152.32. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $247.06.

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

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $192.30, for a total transaction of $961,500.00. Following the sale, the chief executive officer directly owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the transaction, the insider directly owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 389,126 shares of company stock valued at $73,966,992 over the last quarter. 12.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PI. Barclays boosted their target price on Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Evercore ISI raised their price target on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 8th. Finally, Needham & Company LLC upped their price target on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

About Impinj

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.