Impinj, Inc. $PI is Peregrine Investment Management Inc.’s 7th Largest Position

Peregrine Investment Management Inc. boosted its position in Impinj, Inc. (NASDAQ:PI) by 73.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,492 shares of the company’s stock after acquiring an additional 29,850 shares during the period. Impinj accounts for approximately 5.7% of Peregrine Investment Management Inc.’s portfolio, making the stock its 7th largest holding. Peregrine Investment Management Inc.’s holdings in Impinj were worth $7,240,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in Impinj during the third quarter worth about $27,000. Hantz Financial Services Inc. lifted its stake in shares of Impinj by 90.4% during 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 in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Impinj during the 3rd quarter valued at approximately $31,000. Bessemer Group Inc. boosted its holdings in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after buying an additional 84 shares during the period. Finally, Danske Bank A S bought a new position in Impinj in the 4th quarter worth approximately $35,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a report on Tuesday, April 21st. UBS Group raised their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. Barclays increased their price objective on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Roth Mkm cut their target price on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. 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 company’s stock. According to MarketBeat, Impinj presently has an average rating of “Hold” and an average price target of $175.00.

Impinj Stock Performance

NASDAQ PI opened at $149.96 on Wednesday. The company’s 50 day simple moving average is $108.93 and its two-hundred day simple moving average is $146.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The stock has a market capitalization of $4.57 billion, a PE ratio of -162.99 and a beta of 1.93.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

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).