Mitsubishi UFJ Asset Management Co. Ltd. Invests $2.78 Million in Impinj, Inc. $PI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,400 shares of the company’s stock, valued at approximately $2,784,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DNB Asset Management AS lifted its position in Impinj by 39.6% in the second quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock worth $811,000 after buying an additional 2,073 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Impinj by 207.3% in the third quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock valued at $3,055,000 after acquiring an additional 11,400 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Impinj by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock worth $66,302,000 after acquiring an additional 42,472 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Impinj in the 2nd quarter worth about $12,160,000. Finally, DLD Asset Management LP purchased a new position in shares of Impinj during the 2nd quarter worth about $1,332,840,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PI shares. Barclays reduced their price objective on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Evercore restated an “in-line” rating and set a $112.00 price objective (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Needham & Company LLC reduced their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Impinj currently has a consensus rating of “Hold” and a consensus price target of $173.38.

Impinj Stock Down 3.3%

Shares of NASDAQ:PI opened at $116.64 on Wednesday. The business’s 50 day moving average is $152.73 and its 200 day moving average is $170.71. The stock has a market cap of $3.53 billion, a P/E ratio of -299.07 and a beta of 1.56. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The business had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the firm’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 of the company’s stock, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 372,225 shares of company stock worth $56,525,228. 51.00% of the stock is owned by corporate insiders.

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).