New York State Teachers Retirement System Purchases 11,400 Shares of Impinj, Inc. $PI

New York State Teachers Retirement System increased its position in Impinj, Inc. (NASDAQ:PI) by 207.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,900 shares of the company’s stock after buying an additional 11,400 shares during the period. New York State Teachers Retirement System’s holdings in Impinj were worth $3,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PI. DLD Asset Management LP bought a new stake in Impinj in the second quarter worth approximately $1,332,840,000. State Street Corp lifted its stake in shares of Impinj by 1.4% in the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock valued at $134,957,000 after purchasing an additional 16,337 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in shares of Impinj by 1.1% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock valued at $82,201,000 after purchasing an additional 8,126 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Impinj by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 641,684 shares of the company’s stock worth $71,272,000 after purchasing an additional 19,501 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Impinj by 7.7% in the second quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock worth $66,302,000 after purchasing an additional 42,472 shares in the last quarter.

Insider Transactions at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 697,450 shares of company stock valued at $110,643,153. Company insiders own 12.40% of the company’s stock.

Impinj Price Performance

Shares of NASDAQ:PI opened at $161.93 on Friday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of -368.01 and a beta of 1.52. The business has a 50 day moving average price of $167.76 and a 200 day moving average price of $169.87. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $255.00 target price on shares of Impinj in a report on Friday. Roth Capital reissued a “buy” rating and set a $235.00 price objective on shares of Impinj in a report on Thursday, October 30th. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. UBS Group assumed coverage on Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price for the company. Finally, Piper Sandler lifted their price target on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.33.

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).