Greenwood Capital Associates LLC Acquires New Position in Impinj, Inc. $PI

Greenwood Capital Associates LLC acquired a new position in shares of Impinj, Inc. (NASDAQ:PI) during the 1st quarter, HoldingsChannel reports. The firm acquired 4,493 shares of the company’s stock, valued at approximately $461,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after purchasing an additional 85,882 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Impinj by 6.5% in the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after purchasing an additional 78,587 shares during the last quarter. State Street Corp lifted its holdings in shares of Impinj by 10.8% in the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Impinj by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after purchasing an additional 18,263 shares during the period. Finally, Geode Capital Management LLC boosted its position in Impinj by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock valued at $116,195,000 after purchasing an additional 42,792 shares during the period.

Insider Activity at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the sale, the director directly owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by insiders.

Impinj Price Performance

Shares of PI opened at $144.40 on Friday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -156.96 and a beta of 1.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The stock’s fifty day moving average is $139.56 and its 200-day moving average is $134.83.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 target price on shares of Impinj in a research report on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Roth Capital reduced their price target on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Barclays upped their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $175.00.

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).