Impinj (NASDAQ:PI) Director Miron Washington Sells 800 Shares

Impinj, Inc. (NASDAQ:PI) Director Miron Washington sold 800 shares of Impinj stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total value of $138,608.00. Following the sale, the director directly owned 4,354 shares of the company’s stock, valued at approximately $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Impinj Stock Performance

Shares of NASDAQ PI opened at $177.59 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The stock’s fifty day moving average price is $160.04 and its two-hundred day moving average price is $136.46. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of -193.03 and a beta of 1.92.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, equities analysts forecast that Impinj, Inc. will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PI shares. BMO Capital Markets initiated coverage on shares of Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price on the stock. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Zacks Research cut Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Jefferies Financial Group increased their target price on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC decreased their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Seven 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.30.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd increased its position in shares of Impinj by 7.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after acquiring an additional 92 shares during the last quarter. Arizona State Retirement System grew its stake in Impinj by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 7,984 shares of the company’s stock valued at $1,144,000 after purchasing an additional 128 shares during the period. Kennedy Capital Management LLC grew its stake in Impinj by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 28,169 shares of the company’s stock valued at $4,902,000 after purchasing an additional 147 shares during the period. SFE Investment Counsel grew its stake in Impinj by 4.6% in the 1st quarter. SFE Investment Counsel now owns 3,525 shares of the company’s stock valued at $362,000 after purchasing an additional 155 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Impinj by 5.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,081 shares of the company’s stock valued at $316,000 after purchasing an additional 157 shares during the last quarter.

About Impinj

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.