Intech Investment Management LLC Buys 399 Shares of Impinj, Inc. $PI

Intech Investment Management LLC raised its stake in shares of Impinj, Inc. (NASDAQ:PI) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,107 shares of the company’s stock after acquiring an additional 399 shares during the quarter. Intech Investment Management LLC’s holdings in Impinj were worth $1,900,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Impinj by 304.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock valued at $88,184,000 after buying an additional 731,817 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in shares of Impinj by 1.1% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after acquiring an additional 8,126 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Impinj by 52.7% during the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after purchasing an additional 214,792 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Impinj by 7.7% during the second quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after purchasing an additional 42,472 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares in the last quarter.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 3,772 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $156.30, for a total transaction of $589,563.60. Following the sale, the insider owned 1,764,572 shares in the company, valued at approximately $275,802,603.60. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the sale, the chief executive officer owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. This trade represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 389,126 shares of company stock valued at $73,966,992 in the last three months. Corporate insiders own 12.40% of the company’s stock.

Impinj Trading Up 3.8%

Shares of PI stock opened at $153.57 on Friday. The company has a market capitalization of $4.62 billion, a P/E ratio of -349.01 and a beta of 1.83. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $187.08 and a 200 day moving average price of $152.67.

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 the consensus estimate of $0.50 by $0.08. The firm had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. Susquehanna set a $255.00 price target on shares of Impinj in a research note on Thursday, October 30th. UBS Group assumed coverage on shares of Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price on the stock. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Piper Sandler upped their price objective on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $226.33.

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.