Legal & General Group Plc Purchases New Position in Impinj, Inc. $PI

Legal & General Group Plc purchased a new position in Impinj, Inc. (NASDAQ:PI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 62,373 shares of the company’s stock, valued at approximately $8,934,000. Legal & General Group Plc owned 0.20% of Impinj at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its position in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $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 valued at $25,324,000 after buying an additional 26,388 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Impinj during the 1st quarter valued at approximately $223,000. Intech Investment Management LLC grew its stake in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Impinj in the 2nd quarter valued at $3,833,000.

Insider Activity

In other Impinj news, Director Sylebra Capital Llc sold 47,479 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $124.06, for a total value of $5,890,244.74. Following the completion of the sale, the director owned 840,576 shares in the company, valued at approximately $104,281,858.56. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cary Baker sold 1,429 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 139,953 shares of company stock worth $18,138,781. Insiders own 6.80% of the company’s stock.

Impinj Stock Down 3.5%

NASDAQ PI opened at $168.19 on Wednesday. The business has a fifty day moving average price of $152.48 and a 200 day moving average price of $132.50. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The company has a market cap of $5.14 billion, a P/E ratio of -182.82 and a beta of 1.94.

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

Analysts Set New Price Targets

PI has been the subject of a number of research analyst reports. Needham & Company LLC reduced their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. BMO Capital Markets assumed coverage on shares of Impinj in a research note on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $183.30.

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).