Impinj, Inc. $PI Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in Impinj, Inc. (NASDAQ:PI) by 26.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 100,954 shares of the company’s stock after buying an additional 20,943 shares during the period. Public Sector Pension Investment Board’s holdings in Impinj were worth $18,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. DLD Asset Management LP bought a new position in Impinj in the 2nd quarter worth approximately $1,332,840,000. Granite Investment Partners LLC acquired a new position in shares of Impinj during the second quarter valued at $12,160,000. Bank of America Corp DE raised its stake in shares of Impinj by 180.9% during the second quarter. Bank of America Corp DE now owns 159,592 shares of the company’s stock valued at $17,726,000 after purchasing an additional 102,779 shares in the last quarter. Norges Bank acquired a new stake in Impinj in the second quarter worth about $10,161,000. Finally, Wasatch Advisors LP bought a new position in Impinj in the 2nd quarter valued at about $8,715,000.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction dated 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 sale, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 632,420 shares of company stock valued at $100,029,993. Company insiders own 12.40% of the company’s stock.

Impinj Trading Up 9.6%

Impinj stock opened at $121.04 on Friday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -310.35 and a beta of 1.56. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $247.06. The firm’s 50 day moving average price is $162.17 and its two-hundred day moving average price is $173.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $92.85 million during 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 last year, the company posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, research analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald dropped their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Evercore ISI downgraded Impinj from an “outperform” rating to an “in-line” rating and set a $112.00 target price for the company. in a research report on Friday, February 6th. Needham & Company LLC lowered their price target on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Susquehanna restated a “positive” rating and issued a $200.00 price objective on shares of Impinj in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $166.56.

Impinj 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).