Impinj (NASDAQ:PI) Trading 4.2% Higher – Here’s Why

Impinj, Inc. (NASDAQ:PI)’s share price traded up 4.2% on Wednesday . The stock traded as high as $176.46 and last traded at $175.6350. 479,217 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 605,618 shares. The stock had previously closed at $168.60.

Analyst Ratings Changes

PI has been the topic of several analyst reports. Evercore ISI lifted their price objective on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Piper Sandler lifted their price target on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Cantor Fitzgerald raised their target price on shares of Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $226.33.

Impinj Price Performance

The stock has a fifty day moving average price of $172.76 and a 200-day moving average price of $163.03. The firm has a market capitalization of $5.27 billion, a PE ratio of -397.46 and a beta of 1.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The firm had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. During the same period in the prior year, the business posted $0.56 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the completion of the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 697,450 shares of company stock worth $110,643,153 over the last three months. Corporate insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Impinj

Large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new position in Impinj in the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Impinj during the 2nd quarter valued at about $28,000. Banque Transatlantique SA acquired a new position in shares of Impinj in the first quarter valued at about $29,000. Hantz Financial Services Inc. raised its stake in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Impinj during the third quarter worth about $31,000.

About Impinj

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).