Louisiana State Employees Retirement System Invests $1.22 Million in Impinj, Inc. $PI

Louisiana State Employees Retirement System acquired a new position in shares of Impinj, Inc. (NASDAQ:PI) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $1,222,000.

A number of other institutional investors also recently added to or reduced their stakes in PI. Advisors Asset Management Inc. raised its holdings in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 stake in shares of Impinj in the 1st quarter valued at about $223,000. Intech Investment Management LLC boosted its holdings in shares of Impinj by 29.6% in the 1st 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 in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Impinj in the 2nd quarter worth approximately $3,833,000.

Wall Street Analyst Weigh In

Several research firms recently commented on PI. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore set a $144.00 price target on shares of Impinj in a report on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target on shares of Impinj in a research report on Thursday, April 30th. Finally, Roth Mkm decreased their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Impinj presently has an average rating of “Hold” and an average target price of $175.00.

Impinj Price Performance

Shares of PI stock opened at $141.58 on Friday. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of -153.89 and a beta of 1.92. The stock’s 50-day simple moving average is $137.80 and its 200-day simple moving average is $135.65.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. Impinj’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. 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 fiscal year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the transaction, the director owned 973,667 shares in the company, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 265,124 shares of company stock worth $36,565,887. Corporate insiders own 6.80% of the company’s stock.

Impinj 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).