Rhumbline Advisers Boosts Holdings in Impinj, Inc. $PI

Rhumbline Advisers boosted its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,207 shares of the company’s stock after acquiring an additional 7,098 shares during the period. Rhumbline Advisers owned about 0.24% of Impinj worth $7,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc raised its position in shares of Impinj by 0.4% during the 2nd quarter. Legal & General Group Plc now owns 66,546 shares of the company’s stock worth $7,391,000 after purchasing an additional 264 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Impinj by 39.6% in the second quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock worth $811,000 after acquiring an additional 2,073 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Impinj by 7.1% in the second quarter. Handelsbanken Fonder AB now owns 6,000 shares of the company’s stock valued at $666,000 after acquiring an additional 400 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Impinj during the second quarter valued at $652,000. Finally, Renaissance Group LLC increased its position in Impinj by 30.3% during the 2nd quarter. Renaissance Group LLC now owns 51,462 shares of the company’s stock worth $5,716,000 after purchasing an additional 11,973 shares in the last quarter.

Impinj Stock Performance

NASDAQ:PI opened at $168.05 on Wednesday. The company has a market cap of $5.06 billion, a P/E ratio of -381.92 and a beta of 1.83. The firm’s 50 day moving average is $183.71 and its two-hundred day moving average is $156.07. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. 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 (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to the consensus estimate of $92.71 million. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on PI shares. Barclays upped their target price on shares of Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Evercore ISI raised their target price on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 8th. Cantor Fitzgerald raised their price objective on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One equities 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. Based on data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and an average target price of $226.33.

Insider Transactions at Impinj

In related news, insider Sylebra Capital Llc sold 300,000 shares of the firm’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 transaction, the insider owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 525,168 shares of company stock worth $96,473,946. Company insiders own 12.40% of the company’s stock.

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.