Royce & Associates LP Cuts Stock Holdings in Impinj, Inc. $PI

Royce & Associates LP reduced its stake in Impinj, Inc. (NASDAQ:PI) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,799 shares of the company’s stock after selling 59,403 shares during the period. Royce & Associates LP owned approximately 0.56% of Impinj worth $30,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new stake in Impinj in the 3rd quarter valued at about $36,259,000. Quantbot Technologies LP purchased a new stake in shares of Impinj during the third quarter worth approximately $1,596,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Impinj during the third quarter worth approximately $2,784,000. K.J. Harrison & Partners Inc lifted its stake in Impinj by 30.9% in the third quarter. K.J. Harrison & Partners Inc now owns 21,200 shares of the company’s stock worth $3,874,000 after acquiring an additional 5,000 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Impinj by 73.4% in the third quarter. US Bancorp DE now owns 2,628 shares of the company’s stock worth $475,000 after acquiring an additional 1,112 shares during the last quarter.

Impinj Price Performance

Shares of NASDAQ:PI opened at $122.66 on Monday. Impinj, Inc. has a one year low of $60.85 and a one year high of $247.06. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of -314.50 and a beta of 1.56. The company has a 50-day simple moving average of $154.99 and a 200-day simple moving average of $171.35. 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 posted its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

PI has been the topic of several recent analyst reports. Zacks Research lowered Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Roth Mkm set a $220.00 price objective on Impinj in a research report on Friday, February 6th. Cantor Fitzgerald cut their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Evercore reaffirmed an “in-line” rating and issued a $112.00 price target (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.38.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was 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 of the company’s stock, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 455,320 shares of company stock worth $70,493,583. Corporate insiders own 12.40% of the company’s stock.

About Impinj

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).