Norges Bank Makes New Investment in Impinj, Inc. $PI

Norges Bank purchased a new position in Impinj, Inc. (NASDAQ:PI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 317,313 shares of the company’s stock, valued at approximately $55,216,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Impinj by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after buying an additional 85,882 shares in the last quarter. State Street Corp increased its stake in Impinj by 1.4% in the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock worth $134,957,000 after buying an additional 16,337 shares in the last quarter. Invesco Ltd. increased its stake in Impinj by 48.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after buying an additional 393,685 shares in the last quarter. Geode Capital Management LLC increased its stake in Impinj by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock worth $116,195,000 after buying an additional 42,792 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Impinj by 4.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 667,592 shares of the company’s stock worth $120,667,000 after buying an additional 25,908 shares in the last quarter.

Impinj Stock Performance

Shares of Impinj stock opened at $120.93 on Monday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91. The business has a 50-day moving average price of $127.24 and a 200-day moving average price of $139.22. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06.

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

Insider Buying and Selling at Impinj

In other news, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director owned 973,667 shares in the company, valued at $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 126,600 shares of company stock worth $18,691,471 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Roth Mkm cut their price target on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Evercore set a $144.00 price target on Impinj in a research note on Thursday, April 30th. Barclays increased their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Impinj presently has a consensus rating of “Hold” and a consensus target price of $175.00.

Impinj 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).