Niles Investment Management LLC Acquires New Stake in Impinj, Inc. $PI

Niles Investment Management LLC purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 46,939 shares of the company’s stock, valued at approximately $8,168,000. Impinj accounts for 6.2% of Niles Investment Management LLC’s portfolio, making the stock its 5th largest holding. Niles Investment Management LLC owned 0.16% of Impinj as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Impinj by 85.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after acquiring an additional 13,759 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Impinj during the 3rd quarter worth about $2,784,000. Intech Investment Management LLC grew its holdings in Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after acquiring an additional 7,194 shares during the period. William Blair Investment Management LLC acquired a new stake in Impinj during the 3rd quarter worth about $36,259,000. Finally, Aberdeen Group plc grew its holdings in Impinj by 193.8% during the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after acquiring an additional 45,112 shares during the period.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is owned by insiders.

Impinj Price Performance

PI stock opened at $132.77 on Friday. The stock has a market capitalization of $4.04 billion, a PE ratio of -144.32 and a beta of 1.91. The company’s 50-day moving average is $130.01 and its 200-day moving average is $138.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts expect that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

PI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Evercore set a $144.00 price target on Impinj in a report on Thursday, April 30th. Roth Mkm decreased their price target on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $175.00 price objective on shares of Impinj in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Hold” and a consensus price target of $175.00.

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).