Impinj, Inc. (NASDAQ:PI) Shares Acquired by SFE Investment Counsel

SFE Investment Counsel grew its position in Impinj, Inc. (NASDAQ:PI) by 30.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,377 shares of the company’s stock after acquiring an additional 2,170 shares during the quarter. SFE Investment Counsel’s holdings in Impinj were worth $844,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PI. Advisors Asset Management Inc. acquired a new stake in shares of Impinj during the first quarter worth $39,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Impinj by 65.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 832 shares of the company’s stock valued at $75,000 after acquiring an additional 329 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Impinj in the third quarter valued at $55,000. Whittier Trust Co. acquired a new stake in Impinj in the fourth quarter valued at $90,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Impinj by 74.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock valued at $67,000 after acquiring an additional 524 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their target price on Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 9th. Roth Mkm raised their price target on Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC raised their price target on Impinj from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Susquehanna raised their price target on Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, StockNews.com upgraded Impinj to a “sell” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Insider Buying and Selling at Impinj

In other Impinj news, CRO Jeffrey Dossett sold 4,858 shares of Impinj stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $101.11, for a total value of $491,192.38. Following the completion of the sale, the executive now owns 57,110 shares in the company, valued at approximately $5,774,392.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Cathal G. Phelan sold 2,556 shares of Impinj stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $98.88, for a total value of $252,737.28. Following the transaction, the insider now directly owns 24,990 shares of the company’s stock, valued at approximately $2,471,011.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jeffrey Dossett sold 4,858 shares of Impinj stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $101.11, for a total value of $491,192.38. Following the completion of the transaction, the executive now directly owns 57,110 shares in the company, valued at $5,774,392.10. The disclosure for this sale can be found here. Insiders sold 120,185 shares of company stock worth $12,767,674 in the last 90 days. 17.10% of the stock is owned by company insiders.

Impinj Price Performance

Impinj stock traded up $1.59 during midday trading on Thursday, reaching $121.68. 193,462 shares of the company were exchanged, compared to its average volume of 366,869. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -75.18 and a beta of 2.05. The firm’s 50-day simple moving average is $115.86 and its 200-day simple moving average is $91.51. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The company has a debt-to-equity ratio of 8.26, a quick ratio of 5.59 and a current ratio of 8.73.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.11. The firm had revenue of $70.65 million during the quarter, compared to analysts’ expectations of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. On average, analysts anticipate that Impinj, Inc. will post -0.62 EPS for the current year.

Impinj Company 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.