Impinj (NASDAQ:PI) Stock Price Up 9.4% – Still a Buy?

Impinj, Inc. (NASDAQ:PI) traded up 9.4% on Friday . The stock traded as high as $120.79 and last traded at $120.7350. 481,834 shares traded hands during trading, a decline of 42% from the average session volume of 837,411 shares. The stock had previously closed at $110.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PI shares. Needham & Company LLC lowered their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Barclays lowered their price target on Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Evercore restated an “in-line” rating and issued a $112.00 target price (down previously from $273.00) on shares of Impinj in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $166.56.

Impinj Price Performance

The stock’s 50 day moving average price is $162.17 and its 200-day moving average price is $173.51. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.66 billion, a PE ratio of -310.35 and a beta of 1.56.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, equities analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Buying and Selling at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 632,420 shares of company stock worth $100,029,993 over the last ninety days. Insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Impinj

Several hedge funds have recently made changes to their positions in PI. DNB Asset Management AS increased its position in Impinj by 39.6% during the 2nd quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock valued at $811,000 after buying an additional 2,073 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Impinj by 207.3% during the third quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock worth $3,055,000 after acquiring an additional 11,400 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Impinj by 7.7% during the second quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after acquiring an additional 42,472 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of Impinj during the second quarter valued at about $12,160,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Impinj in the 2nd quarter valued at approximately $230,000.

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).