Public Sector Pension Investment Board Increases Stock Position in Impinj, Inc. $PI

Public Sector Pension Investment Board boosted its position in shares of Impinj, Inc. (NASDAQ:PI) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,954 shares of the company’s stock after purchasing an additional 20,943 shares during the period. Public Sector Pension Investment Board owned approximately 0.34% of Impinj worth $18,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PI. Advisors Asset Management Inc. grew its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 during the last quarter. Focus Partners Wealth acquired a new stake in Impinj during the 1st quarter valued at approximately $223,000. Intech Investment Management LLC increased its holdings in Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of Impinj by 14.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,400 shares of the company’s stock valued at $600,000 after purchasing an additional 700 shares in the last quarter.

Impinj Trading Up 9.6%

NASDAQ PI opened at $121.04 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. Impinj, Inc. has a one year low of $60.85 and a one year high of $247.06. The company has a 50-day simple moving average of $162.17 and a 200-day simple moving average of $173.51. The firm has a market capitalization of $3.66 billion, a PE ratio of -310.35 and a beta of 1.56.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting 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 firm had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. Impinj’s quarterly revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, equities analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 632,420 shares of company stock valued at $100,029,993. Company insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PI shares. Barclays decreased their price target on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Zacks Research lowered shares of Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Impinj in a research note on Friday, February 6th. Needham & Company LLC reduced their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.56.

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).