Impinj (NASDAQ:PI) Shares Climb 4.1% – Time to Buy?

Impinj, Inc. (NASDAQ:PI) rose 4.1% during trading on Wednesday. The stock traded as high as $189.11 and last traded at $190.9250. 302,395 shares changed hands during trading, a decline of 43% from the average daily volume of 529,427 shares. The stock had previously closed at $183.40.

Analyst Upgrades and Downgrades

PI has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Needham & Company LLC decreased their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays lifted their price objective on Impinj from $176.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Finally, Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.70.

Impinj Price Performance

The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of -204.07 and a beta of 1.94. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The company’s 50 day simple moving average is $176.45 and its 200-day simple moving average is $148.52.

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

Insider Activity

In other Impinj news, CFO Cary Baker sold 8,892 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the completion of the transaction, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at $14,871,780. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the transaction, the director directly owned 4,354 shares of the company’s stock, valued at approximately $754,374.04. The trade was a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,121 shares of company stock worth $2,047,993 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Impinj

A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in shares of Impinj by 40.1% during the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after buying an additional 8,023 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Impinj by 2,441.0% in the 1st 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 in the last quarter. BlackRock Inc. acquired a new stake in shares of Impinj during the 2nd quarter valued at $637,286,000. Polar Asset Management Partners Inc. grew its holdings in shares of Impinj by 25.6% during the 1st quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after acquiring an additional 27,845 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Impinj by 29.3% in the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after acquiring an additional 7,678 shares during the last quarter.

About Impinj

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj’s offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.