Polar Asset Management Partners Inc. Sells 30,134 Shares of Impinj, Inc. $PI

Polar Asset Management Partners Inc. cut its holdings in Impinj, Inc. (NASDAQ:PI) by 26.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,511 shares of the company’s stock after selling 30,134 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Impinj were worth $15,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. purchased a new position in Impinj during the 3rd quarter valued at about $500,000. Advisory Services Network LLC purchased a new stake in shares of Impinj in the 3rd quarter worth approximately $129,000. Oberweis Asset Management Inc. purchased a new stake in shares of Impinj in the 3rd quarter worth approximately $19,362,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Impinj by 8.8% during the third quarter. CANADA LIFE ASSURANCE Co now owns 26,779 shares of the company’s stock valued at $4,805,000 after purchasing an additional 2,160 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Impinj during the third quarter valued at approximately $675,000.

Impinj Trading Down 0.7%

NASDAQ PI opened at $98.64 on Thursday. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $247.06. The company has a 50 day moving average price of $134.98 and a 200 day moving average price of $164.73. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The firm has a market cap of $2.98 billion, a PE ratio of -252.92 and a beta of 1.56.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The company had revenue of $92.85 million during the quarter, compared to the consensus estimate of $91.87 million. During the same period last year, the firm earned $0.48 earnings per share. Impinj’s revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PI shares. Evercore reissued an “in-line” rating and issued a $112.00 price objective (down from $273.00) on shares of Impinj in a research note on Friday, February 6th. UBS Group set a $155.00 target price on Impinj in a research report on Friday, February 6th. Piper Sandler reiterated a “mixed” rating and issued a $180.00 price target (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Impinj in a research report on Friday, February 6th. Finally, Needham & Company LLC decreased their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $167.63.

Impinj Company 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).