Impinj (NASDAQ:PI) Stock Rating Upgraded by BMO Capital Markets

Impinj (NASDAQ:PI) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on PI. Barclays upped their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Jefferies Financial Group upped their price target on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.30.

Impinj Stock Up 3.6%

Shares of NASDAQ PI opened at $165.54 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The stock’s 50-day simple moving average is $147.22 and its 200-day simple moving average is $130.80. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of -179.93 and a beta of 1.94.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 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 the consensus estimate of $104.60 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Impinj’s revenue for the quarter 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, equities analysts anticipate that Impinj will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 240,657 shares of company stock worth $32,875,156 over the last three months. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Impinj

A number of large investors have recently bought and sold shares of PI. BlackRock Inc. acquired a new position in Impinj in the second quarter valued at approximately $637,286,000. The Manufacturers Life Insurance Company bought a new position in shares of Impinj during the second quarter valued at approximately $95,867,000. The Manufacturers Life Insurance Company raised its position in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares during the period. Invesco Ltd. raised its position in shares of Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after purchasing an additional 393,685 shares during the period. Finally, Norges Bank bought a new stake in shares of Impinj in the 4th quarter worth approximately $55,216,000.

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).