Impinj (NASDAQ:PI) Trading 9.4% Higher – Here’s What Happened

Impinj, Inc. (NASDAQ:PI)’s share price was up 9.4% during mid-day trading on Friday . The stock traded as high as $120.79 and last traded at $120.7350. Approximately 481,834 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 837,411 shares. The stock had previously closed at $110.41.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PI. Barclays reduced their price target on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Cantor Fitzgerald reduced their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. Evercore reaffirmed an “in-line” rating and issued a $112.00 price target (down previously from $273.00) on shares of Impinj in a report on Friday, February 6th. Finally, Needham & Company LLC reduced their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $166.56.

Impinj Price Performance

The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -310.08 and a beta of 1.56. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average is $162.91 and its 200-day moving average is $173.19.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider directly owned 1,132,152 shares of the company’s stock, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 632,420 shares of company stock worth $100,029,993 in the last three months. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of Impinj

Several large investors have recently made changes to their positions in PI. DNB Asset Management AS raised its holdings in 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 purchasing an additional 2,073 shares during the period. New York State Teachers Retirement System increased its position in shares of Impinj by 207.3% in the 3rd quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock valued at $3,055,000 after buying an additional 11,400 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Impinj by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after buying an additional 42,472 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Impinj during the 2nd quarter worth $12,160,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Impinj during the 2nd quarter worth $230,000.

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).