Impinj (NASDAQ:PI) Shares Down 8.8% – What’s Next?

Shares of Impinj, Inc. (NASDAQ:PI) fell 8.8% during mid-day trading on Tuesday . The company traded as low as $112.69 and last traded at $111.4250. 101,963 shares traded hands during trading, a decline of 84% from the average session volume of 650,337 shares. The stock had previously closed at $122.12.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Management guided Q2 well above Street estimates — revenue of $103M–$106M and non‑GAAP EPS of $0.77–$0.82 (consensus was far lower). That upside to near‑term profitability is the main catalyst for the rally. Impinj expects Q2 revenue of $103M-$106M and non-GAAP EPS of $0.77-$0.82
• Positive Sentiment: The company reported record bookings and said endpoint IC demand is starting to rebound, which supports the stronger Q2 outlook and longer‑term demand prospects for its RFID chips. Impinj posts record bookings, forecasts higher Q2 revenue with prudent outlook
• Positive Sentiment: Analyst sentiment is supportive: Needham reaffirmed a Buy with a $175 target (cited in coverage roundups), and coverage notes a material upside to current levels if guidance converts to results. That helped push investor confidence. Benzinga coverage of Needham reaffirmation
• Neutral Sentiment: Q1 report and call contained mixed details: earnings per share showed a modest beat versus some estimates but revenue was below several street forecasts; management walked through demand trends and a “prudent” stance on near‑term visibility. Impinj Inc (PI) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Underneath the optimism, Q1 revenue ($74.3M) lagged analyst expectations (~$96M in some polls), trailing year‑earlier results and leaving net margins negative. Execution and revenue recovery must follow the bookings for the rally to be sustained. Impinj Reports First Quarter 2026 Financial Results

Analysts Set New Price Targets

A number of brokerages have issued reports on PI. Barclays lowered their price target on Impinj from $175.00 to $169.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. UBS Group raised their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. Cantor Fitzgerald decreased 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. Finally, Zacks Research downgraded Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.13.

Impinj Price Performance

The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.41 billion, a PE ratio of -157.52 and a beta of 1.67. The stock has a 50-day simple moving average of $108.49 and a 200 day simple moving average of $147.57.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.50). Impinj had a negative net margin of 7.66% and a positive return on equity of 5.72%. The business had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $96.63 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Impinj’s revenue for the quarter was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities analysts expect that Impinj, Inc. will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in shares of Impinj in the 3rd quarter valued at $27,000. Hantz Financial Services Inc. raised its holdings in shares of Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after buying an additional 75 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Impinj in the 3rd quarter valued at $31,000. Bessemer Group Inc. raised its holdings in shares of Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Impinj in the 4th quarter valued at $35,000.

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).