Connor Clark & Lunn Investment Management Ltd. Trims Position in Impinj, Inc. $PI

Connor Clark & Lunn Investment Management Ltd. decreased its position in Impinj, Inc. (NASDAQ:PI) by 58.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,608 shares of the company’s stock after selling 31,957 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Impinj were worth $2,511,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Impinj by 304.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock worth $88,184,000 after purchasing an additional 731,817 shares during the period. Ameriprise Financial Inc. grew its position in Impinj by 52.7% during the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock valued at $56,431,000 after buying an additional 214,792 shares during the period. Duquesne Family Office LLC purchased a new stake in Impinj during the first quarter valued at approximately $9,839,000. Nuveen LLC purchased a new stake in Impinj during the first quarter valued at approximately $7,995,000. Finally, Capital Fund Management S.A. raised its position in Impinj by 593.7% in the first quarter. Capital Fund Management S.A. now owns 86,010 shares of the company’s stock worth $7,801,000 after acquiring an additional 73,612 shares during the period.

Impinj Stock Performance

Impinj stock opened at $142.50 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $247.06. The firm has a market capitalization of $4.29 billion, a P/E ratio of -323.86 and a beta of 1.83. The company’s 50-day moving average is $191.25 and its 200 day moving average is $151.25.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the transaction, the chief executive officer owned 297,013 shares of the company’s stock, valued at $55,728,549.19. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Miron Washington sold 342 shares of Impinj stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $158.94, for a total transaction of $54,357.48. Following the sale, the director owned 2,040 shares of the company’s stock, valued at $324,237.60. The trade was a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 389,126 shares of company stock worth $73,966,992 over the last quarter. Company insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Evercore ISI lifted their target price on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Susquehanna set a $255.00 price objective on Impinj in a research note on Thursday, October 30th. Piper Sandler lifted their target price on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, Needham & Company LLC boosted their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Impinj has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.