Impinj, Inc. $PI Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Impinj, Inc. (NASDAQ:PI) by 78.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,979 shares of the company’s stock after selling 42,450 shares during the quarter. First Trust Advisors LP’s holdings in Impinj were worth $1,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PI. Danske Bank A S purchased a new position in shares of Impinj during the 4th quarter worth $35,000. Daiwa Securities Group Inc. boosted its position in shares of Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after buying an additional 100 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Impinj in the 4th quarter valued at about $60,000. Larson Financial Group LLC grew its position in Impinj by 7,100.0% in the 4th quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock valued at $63,000 after acquiring an additional 355 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in Impinj during the third quarter worth about $66,000.

Impinj Price Performance

Shares of NASDAQ:PI opened at $183.36 on Monday. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. 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 firm has a market capitalization of $5.60 billion, a P/E ratio of -199.30 and a beta of 1.94. The company’s fifty day moving average price is $139.40 and its 200 day moving average price is $129.63.

Impinj (NASDAQ:PI) last announced its 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. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same period in the prior year, the firm earned $0.80 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PI shares. Needham & Company LLC lowered their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Barclays upped their price objective on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.22.

Insiders Place Their Bets

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the transaction, the director directly owned 782,943 shares in the company, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 239,228 shares of company stock worth $32,610,791. 6.80% of the stock is currently owned by company insiders.

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).