FNY Investment Advisers LLC Takes $89,000 Position in Impinj, Inc. $PI

FNY Investment Advisers LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 802 shares of the company’s stock, valued at approximately $89,000.

A number of other hedge funds have also recently modified their holdings of PI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Impinj by 304.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock valued at $88,184,000 after buying an additional 731,817 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Impinj by 52.7% in the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after purchasing an additional 214,792 shares during the last quarter. Duquesne Family Office LLC purchased a new position in shares of Impinj in the 1st quarter worth about $9,839,000. Nuveen LLC purchased a new position in shares of Impinj in the 1st quarter worth about $7,995,000. Finally, Capital Fund Management S.A. raised its position in shares of Impinj by 593.7% in the 1st quarter. Capital Fund Management S.A. now owns 86,010 shares of the company’s stock worth $7,801,000 after purchasing an additional 73,612 shares during the last quarter.

Insider Activity

In other news, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total transaction of $768,532.48. Following the sale, the chief executive officer directly owned 297,013 shares of the company’s stock, valued at $55,728,549.19. The trade was a 1.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 in the last ninety days. Insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PI shares. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Susquehanna lifted their price target on Impinj from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Wednesday. Barclays started coverage on Impinj in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Impinj in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.43.

Impinj Price Performance

PI opened at $241.17 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The stock has a market capitalization of $7.02 billion, a P/E ratio of 24,141.14 and a beta of 1.83. The company’s 50-day simple moving average is $188.83 and its two-hundred day simple moving average is $137.73. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $244.34.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $97.89 million for the quarter, compared to analysts’ expectations of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

About Impinj

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.