Peregrine Investment Management Inc. Decreases Position in Impinj, Inc. $PI

Peregrine Investment Management Inc. lessened its stake in Impinj, Inc. (NASDAQ:PI) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,642 shares of the company’s stock after selling 12,031 shares during the period. Impinj comprises about 4.4% of Peregrine Investment Management Inc.’s holdings, making the stock its 16th largest holding. Peregrine Investment Management Inc.’s holdings in Impinj were worth $7,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after buying an additional 26,388 shares during the last quarter. Focus Partners Wealth bought a new position in Impinj in the 1st quarter worth about $223,000. Intech Investment Management LLC grew its holdings in shares of Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after buying an additional 3,812 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Impinj during the 2nd quarter valued at $3,833,000.

Impinj Stock Performance

Impinj stock opened at $148.25 on Wednesday. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a market capitalization of $4.52 billion, a PE ratio of -161.14 and a beta of 1.93. The company has a 50 day moving average price of $111.90 and a 200-day moving average price of $144.79. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PI shares. Barclays lifted their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Roth Mkm decreased their price target on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, UBS Group upped their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $175.00.

Insider Buying and Selling

In other news, Director Sylebra Capital Llc sold 25,896 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the transaction, the director directly owned 1,070,085 shares of the company’s stock, valued at approximately $163,434,082.05. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 51.00% of the stock is owned by insiders.

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).