Impinj, Inc. $PI Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 66.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 46,489 shares of the company’s stock after selling 91,504 shares during the quarter. Sei Investments Co.’s holdings in Impinj were worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Impinj by 5.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,081 shares of the company’s stock worth $316,000 after buying an additional 157 shares in the last quarter. Swiss National Bank raised its stake in Impinj by 3.5% during the 1st quarter. Swiss National Bank now owns 56,500 shares of the company’s stock valued at $5,803,000 after acquiring an additional 1,900 shares in the last quarter. Assetmark Inc. boosted its position in Impinj by 21,027.3% during the 1st quarter. Assetmark Inc. now owns 4,648 shares of the company’s stock worth $477,000 after acquiring an additional 4,626 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Impinj by 7.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 181,978 shares of the company’s stock worth $18,551,000 after acquiring an additional 11,896 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Impinj by 857.6% in the first quarter. D.A. Davidson & CO. now owns 12,439 shares of the company’s stock worth $1,277,000 after purchasing an additional 11,140 shares in the last quarter.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the sale, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 265,124 shares of company stock valued at $36,565,887. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

PI has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note 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. Finally, Needham & Company LLC dropped their target price on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.22.

Impinj Stock Down 2.5%

NASDAQ PI opened at $163.39 on Thursday. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The company has a market capitalization of $4.99 billion, a P/E ratio of -177.60 and a beta of 1.94. The company’s 50 day simple moving average is $138.45 and its 200 day simple moving average is $129.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

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

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).