Impinj (NASDAQ:PI) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Impinj (NASDAQ:PI) posted its quarterly earnings data on Wednesday. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06, FiscalAI reports. The business had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. Impinj updated its Q3 2026 guidance to 0.590-0.630 EPS.

Impinj Stock Performance

Shares of PI traded up $6.27 during midday trading on Wednesday, reaching $139.30. The stock had a trading volume of 809,458 shares, compared to its average volume of 569,835. The firm has a market cap of $4.24 billion, a PE ratio of -151.41 and a beta of 1.92. The firm has a 50 day simple moving average of $137.73 and a 200-day simple moving average of $131.13. Impinj has a one year low of $87.36 and a one year high of $247.06. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Finally, Barclays boosted their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Impinj currently has an average rating of “Hold” and a consensus price target of $175.00.

Insider Transactions at Impinj

In related news, Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 265,124 shares of company stock valued at $36,565,887. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in Impinj by 425.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the company’s stock worth $237,000 after purchasing an additional 1,725 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Impinj during the fourth quarter worth $237,000. VestGen Advisors LLC bought a new stake in shares of Impinj in the fourth quarter valued at about $232,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Impinj in the fourth quarter valued at about $231,000. Finally, Empowered Funds LLC acquired a new position in shares of Impinj in the fourth quarter valued at about $229,000.

Impinj Company 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).