Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 37,970 Impinj, Inc. $PI

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) during the second quarter, Holdings Channel.com reports. The firm purchased 37,970 shares of the company’s stock, valued at approximately $5,438,000.

Several other large investors also recently modified their holdings of PI. Danske Bank A S acquired a new position in shares of Impinj during the 4th quarter valued at $35,000. Global Retirement Partners LLC acquired a new stake in Impinj in the second quarter worth $31,000. Western Wealth Management LLC acquired a new stake in Impinj in the first quarter worth $28,000. Daiwa Securities Group Inc. increased its stake in Impinj by 41.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Impinj in the fourth quarter valued at $60,000.

Impinj Trading Up 3.6%

PI opened at $165.54 on Friday. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The firm has a market capitalization of $5.06 billion, a PE ratio of -179.93 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The company’s 50-day moving average is $147.22 and its 200 day moving average is $130.80.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts predict that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Impinj

In related news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the sale, the director owned 973,667 shares of the company’s stock, valued at $146,809,510.26. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 240,657 shares of company stock worth $32,875,156. 6.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PI shares. Jefferies Financial Group increased their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets initiated coverage on Impinj in a research note on Thursday. They issued an “outperform” rating and a $220.00 price objective for the company. Finally, Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.30.

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).