Lisanti Capital Growth LLC Takes $801,000 Position in Impinj, Inc. $PI

Lisanti Capital Growth LLC bought a new position in Impinj, Inc. (NASDAQ:PI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,595 shares of the company’s stock, valued at approximately $801,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Impinj during the 2nd quarter valued at about $637,286,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after buying an additional 409,182 shares during the last quarter. Invesco Ltd. grew its position in Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares during the period. Norges Bank bought a new stake in Impinj during the fourth quarter valued at approximately $55,216,000. Finally, Bank of New York Mellon Corp bought a new stake in Impinj during the second quarter valued at approximately $23,191,000.

Impinj Stock Down 1.8%

Shares of PI opened at $164.98 on Thursday. 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 stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -179.33 and a beta of 1.94. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The business’s 50 day simple moving average is $145.97 and its 200-day simple moving average is $130.41.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Barclays upped their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Finally, Needham & Company LLC lowered their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One 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 issued a Sell rating to the company. According to data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $179.22.

Insider Buying and Selling

In related news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 240,657 shares of company stock valued at $32,875,156 over the last three months. 6.80% of the stock is owned by corporate insiders.

Impinj 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).