Impinj (NASDAQ:PI) Trading Up 7.3% – Here’s What Happened

Impinj, Inc. (NASDAQ:PI) was up 7.3% on Tuesday . The company traded as high as $168.53 and last traded at $168.98. Approximately 124,946 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 605,521 shares. The stock had previously closed at $157.44.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Susquehanna set a $255.00 price target on shares of Impinj in a research note on Thursday, October 30th. Evercore ISI increased their price objective on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Barclays boosted their target price on shares of Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Needham & Company LLC increased their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Impinj has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Trading Up 4.5%

The business’s 50 day simple moving average is $185.47 and its 200-day simple moving average is $154.47. The stock has a market capitalization of $5.20 billion, a P/E ratio of -392.74 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The business had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. During the same quarter in the previous year, the business posted $0.56 EPS. Impinj’s revenue for the quarter was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Transactions at Impinj

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction dated Monday, September 8th. The shares were 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 $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction dated 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 sale, the insider directly owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. The trade was a 14.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 473,315 shares of company stock valued at $87,591,517 in the last quarter. 12.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently made changes to their positions in the company. DLD Asset Management LP bought a new position in shares of Impinj during the second quarter worth approximately $1,332,840,000. State Street Corp increased its position in Impinj by 1.4% during 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 during the period. Invesco Ltd. boosted its position in shares of Impinj by 48.3% in the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after acquiring an additional 393,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Impinj by 304.4% in the first 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 acquiring an additional 731,817 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its stake in Impinj by 1.1% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after purchasing an additional 8,126 shares in the last quarter.

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.