The Manufacturers Life Insurance Company Invests $95.87 Million in Impinj, Inc. $PI

The Manufacturers Life Insurance Company bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 669,324 shares of the company’s stock, valued at approximately $95,867,000. The Manufacturers Life Insurance Company owned approximately 2.19% of Impinj as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in Impinj during the 1st quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in Impinj in the second quarter worth about $31,000. Danske Bank A S bought a new stake in shares of Impinj during the 4th quarter valued at $35,000. Advisors Asset Management Inc. grew its holdings in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares during the period. Finally, Kelleher Financial Advisors purchased a new stake in Impinj in the 2nd quarter worth approximately $52,000.

Analyst Ratings Changes

Several equities analysts have recently commented on PI shares. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. BMO Capital Markets started coverage on shares of Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price objective for the company. Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Needham & Company LLC dropped their price target on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.30.

Impinj Trading Up 3.2%

Shares of NASDAQ:PI opened at $166.22 on Wednesday. The business’s fifty day simple moving average is $148.44 and its 200-day simple moving average is $130.80. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $5.08 billion, a PE ratio of -180.67 and a beta of 1.94.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts predict that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the transaction, the director owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 240,657 shares of company stock worth $32,875,156. Corporate insiders own 6.80% of the company’s stock.

About Impinj

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).