Jackson Creek Investment Advisors LLC Makes New $1.13 Million Investment in Impinj, Inc. (NASDAQ:PI)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,754 shares of the company’s stock, valued at approximately $1,126,000.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC grew its stake in Impinj by 1.5% in the third quarter. FMR LLC now owns 4,217,403 shares of the company’s stock worth $913,152,000 after purchasing an additional 60,461 shares in the last quarter. State Street Corp increased its holdings in Impinj by 25.7% during the third quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after buying an additional 220,776 shares during the period. Geode Capital Management LLC lifted its holdings in Impinj by 1.4% during the third quarter. Geode Capital Management LLC now owns 542,924 shares of the company’s stock worth $117,576,000 after buying an additional 7,676 shares during the period. Jennison Associates LLC raised its position in shares of Impinj by 15.0% in the 3rd quarter. Jennison Associates LLC now owns 239,140 shares of the company’s stock worth $51,779,000 after acquiring an additional 31,269 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Impinj by 10.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 213,398 shares of the company’s stock worth $30,998,000 after purchasing an additional 20,158 shares during the last quarter.

Impinj Stock Up 8.9 %

Impinj stock opened at $100.45 on Friday. The stock has a 50-day moving average price of $121.44 and a 200 day moving average price of $164.53. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 73.86 and a beta of 1.88. Impinj, Inc. has a 52 week low of $84.17 and a 52 week high of $239.88.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In related news, CFO Cary Baker sold 1,553 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.76, for a total transaction of $153,374.28. Following the sale, the chief financial officer now owns 76,451 shares in the company, valued at approximately $7,550,300.76. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Jeffrey Dossett sold 580 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $84,714.80. Following the completion of the transaction, the executive now owns 66,180 shares of the company’s stock, valued at approximately $9,666,250.80. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,323 shares of company stock valued at $2,454,588. 51.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on PI shares. Needham & Company LLC decreased their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Susquehanna reduced their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald raised Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $180.10.

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.