Impinj (NASDAQ:PI) Trading 4.2% Higher – Here’s Why

Impinj, Inc. (NASDAQ:PI)’s stock price rose 4.2% on Wednesday . The stock traded as high as $176.46 and last traded at $175.6350. Approximately 479,217 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 605,618 shares. The stock had previously closed at $168.60.

Analyst Ratings Changes

PI has been the subject of several research reports. UBS Group initiated coverage on shares of Impinj in a research note on Friday, November 7th. They set a “neutral” rating and a $200.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Needham & Company LLC increased their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Barclays lifted their price objective on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Trading Up 3.7%

The company’s fifty day simple moving average is $172.76 and its 200-day simple moving average is $163.03. The firm has a market capitalization of $5.27 billion, a PE ratio of -397.46 and a beta of 1.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97.

Impinj (NASDAQ:PI) last announced 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 business had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the completion of the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 697,450 shares of company stock worth $110,643,153 over the last ninety days. 51.00% of the stock is owned by corporate insiders.

Institutional Trading of Impinj

Large investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new stake in Impinj in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its stake in Impinj by 101.2% during the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Impinj in the 3rd quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Impinj during the 2nd quarter valued at about $28,000.

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).