DLD Asset Management LP Buys New Shares in Impinj, Inc. $PI

DLD Asset Management LP purchased a new stake in Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,000,000 shares of the company’s stock, valued at approximately $1,332,840,000. Impinj accounts for 5.3% of DLD Asset Management LP’s holdings, making the stock its 7th biggest position. DLD Asset Management LP owned approximately 41.25% of Impinj at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Impinj by 254.3% in the first quarter. Cetera Investment Advisers now owns 5,761 shares of the company’s stock worth $523,000 after acquiring an additional 4,135 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Impinj by 10.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,989 shares of the company’s stock worth $634,000 after buying an additional 660 shares during the last quarter. LPL Financial LLC raised its position in shares of Impinj by 29.3% in the 1st quarter. LPL Financial LLC now owns 15,200 shares of the company’s stock worth $1,379,000 after buying an additional 3,442 shares during the period. XTX Topco Ltd purchased a new stake in Impinj during the first quarter valued at about $1,033,000. Finally, Bayforest Capital Ltd acquired a new stake in Impinj during the first quarter worth about $118,000.

Analysts Set New Price Targets

PI has been the subject of a number of research reports. UBS Group started coverage on Impinj in a report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price for the company. Evercore ISI increased their price objective on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Cantor Fitzgerald lifted their target price on shares of Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Stock Performance

Shares of Impinj stock opened at $172.81 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $247.06. The firm’s 50-day simple moving average is $185.47 and its 200-day simple moving average is $154.47. The firm has a market cap of $5.20 billion, a PE ratio of -392.74 and a beta of 1.83.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Impinj’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Miron Washington sold 342 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total value of $54,357.48. Following the sale, the director directly owned 2,040 shares in the company, valued at $324,237.60. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sylebra Capital Llc sold 46,110 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $167.73, for a total value of $7,734,030.30. Following the completion of the transaction, the insider directly owned 1,675,383 shares of the company’s stock, valued at approximately $281,011,990.59. The trade was a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 473,315 shares of company stock worth $87,591,517. 12.40% of the stock is currently owned by insiders.

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.