Impinj, Inc. $PI Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Impinj, Inc. (NASDAQ:PI) by 63.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,532 shares of the company’s stock after purchasing an additional 7,194 shares during the period. Intech Investment Management LLC’s holdings in Impinj were worth $3,225,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Impinj by 85.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after buying an additional 13,759 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Impinj in the third quarter worth approximately $2,784,000. William Blair Investment Management LLC acquired a new position in Impinj in the third quarter worth approximately $36,259,000. Aberdeen Group plc grew its position in Impinj by 193.8% in the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after buying an additional 45,112 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Impinj by 26.2% in the third quarter. Public Sector Pension Investment Board now owns 100,954 shares of the company’s stock worth $18,247,000 after buying an additional 20,943 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target on shares of Impinj in a research report on Thursday, April 30th. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. UBS Group upped their price target on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Roth Mkm lowered their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Impinj presently has a consensus rating of “Hold” and an average target price of $175.00.

Insider Activity

In other Impinj news, Director Sylebra Capital Llc sold 25,896 shares of Impinj stock in a transaction on Friday, May 8th. The shares were sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the completion of the sale, the director owned 1,070,085 shares of the company’s stock, valued at $163,434,082.05. This trade represents a 2.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 6.80% of the stock is owned by company insiders.

Impinj Trading Down 5.5%

Shares of NASDAQ:PI opened at $142.67 on Tuesday. The firm has a fifty day moving average of $124.58 and a two-hundred day moving average of $139.54. The firm has a market capitalization of $4.35 billion, a P/E ratio of -155.08 and a beta of 1.93. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company 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 company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, equities analysts expect that Impinj, Inc. will post 0.28 EPS 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).