Niles Investment Management LLC Makes New Investment in Impinj, Inc. $PI

Niles Investment Management LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 46,939 shares of the company’s stock, valued at approximately $8,168,000. Impinj makes up approximately 6.2% of Niles Investment Management LLC’s holdings, making the stock its 5th biggest position.

Several other hedge funds have also recently modified their holdings of PI. Advisors Asset Management Inc. lifted its position in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after buying an additional 26,388 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Impinj during the 1st quarter worth approximately $223,000. Intech Investment Management LLC raised its holdings in shares of Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Impinj in the 2nd quarter worth approximately $3,833,000.

Insiders Place Their Bets

In related news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. The trade was a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. UBS Group lifted their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Impinj presently has an average rating of “Hold” and an average price target of $175.00.

Impinj Stock Up 2.1%

Impinj stock opened at $132.77 on Friday. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -144.32 and a beta of 1.91. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $130.01 and a 200 day simple moving average of $138.56.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. During the same period in the previous year, the business earned $0.21 EPS. Impinj’s revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current year.

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).