Nordea Investment Management AB Sells 270 Shares of Impinj, Inc. $PI

Nordea Investment Management AB decreased its stake in Impinj, Inc. (NASDAQ:PI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,981 shares of the company’s stock after selling 270 shares during the period. Nordea Investment Management AB owned about 0.15% of Impinj worth $4,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PI. Banque Transatlantique SA bought a new position in shares of Impinj in the 1st quarter worth $29,000. Harbour Investments Inc. bought a new position in shares of Impinj during the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. grew its holdings in shares of Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after purchasing an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Impinj during the 1st quarter valued at $43,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Impinj during the 2nd quarter valued at $43,000.

Insider Activity

In other news, insider Sylebra Capital Llc sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company’s stock, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total transaction of $768,532.48. Following the completion of the sale, the chief executive officer directly owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. This represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,096 shares of company stock valued at $63,353,832. Corporate insiders own 51.00% of the company’s stock.

Impinj Trading Down 1.3%

Shares of PI opened at $200.72 on Wednesday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 20,092.09 and a beta of 1.83. 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 fifty day simple moving average of $186.71 and a two-hundred day simple moving average of $136.10. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $228.29.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business had revenue of $97.89 million during the quarter, compared to analysts’ expectations of $93.78 million. During the same quarter in the prior year, the company posted $0.83 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

PI has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 target price on shares of Impinj in a report on Monday, September 15th. Piper Sandler increased their target price on shares of Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Barclays initiated coverage on shares of Impinj in a report on Tuesday, October 7th. They set an “overweight” rating and a $200.00 target price on the stock. Susquehanna increased their target price on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.00.

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.