Impinj, Inc. $PI Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Impinj, Inc. (NASDAQ:PI) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,047 shares of the company’s stock after purchasing an additional 19,948 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Impinj were worth $29,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PI. GAMMA Investing LLC lifted its holdings in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock worth $65,000 after purchasing an additional 294 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Impinj by 31.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,211 shares of the company’s stock worth $1,380,000 after purchasing an additional 3,606 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of Impinj by 56.4% during the first quarter. Jamison Private Wealth Management Inc. now owns 4,127 shares of the company’s stock worth $374,000 after purchasing an additional 1,489 shares during the period. Deltec Asset Management LLC acquired a new stake in shares of Impinj during the first quarter worth about $336,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Impinj by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock worth $741,000 after purchasing an additional 535 shares during the period.

Impinj Trading Up 0.5%

Shares of NASDAQ:PI opened at $198.93 on Thursday. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $238.98. The company has a market capitalization of $5.79 billion, a PE ratio of 19,912.91 and a beta of 1.83. The business has a 50 day moving average of $183.12 and a two-hundred day moving average of $132.47. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on PI. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 target price on shares of Impinj in a report on Monday, September 15th. Susquehanna lifted their target price on Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Piper Sandler lifted their target price on Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Barclays began coverage on Impinj in a report on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the transaction, the chief executive officer directly owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,096 shares of company stock valued at $63,353,832. Corporate insiders own 12.40% of the company’s stock.

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.