The Manufacturers Life Insurance Company Has $43.74 Million Position in Impinj, Inc. $PI

The Manufacturers Life Insurance Company lifted its holdings in Impinj, Inc. (NASDAQ:PI) by 2,441.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,945 shares of the company’s stock after purchasing an additional 409,182 shares during the period. The Manufacturers Life Insurance Company’s holdings in Impinj were worth $43,745,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Impinj by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after purchasing an additional 85,882 shares during the period. Invesco Ltd. increased its position in Impinj by 6.5% in the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after buying an additional 78,587 shares during the period. State Street Corp increased its position in Impinj by 10.8% in the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after buying an additional 18,263 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Impinj by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock worth $116,195,000 after buying an additional 42,792 shares during the last quarter.

Impinj Price Performance

Shares of PI stock opened at $147.49 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The stock’s fifty day simple moving average is $137.92 and its 200 day simple moving average is $130.20. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -160.32 and a beta of 1.92.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.42%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PI. Needham & Company LLC lowered their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday. Evercore set a $144.00 target price on shares of Impinj in a research note on Thursday, April 30th. Barclays increased their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. UBS Group boosted their price objective on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Six 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 company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Key Stories Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Impinj reported adjusted earnings of $0.86 per share versus the $0.80–$0.81 consensus and revenue of $108.4 million, ahead of estimates near $104.6 million. Revenue rose 10.7% year over year, while gross profit increased 12.2% to $63.5 million. Impinj Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Q3 guidance was well above Wall Street expectations. Management projected revenue of $105.5 million to $108.5 million, compared with consensus of approximately $98.6 million, and EPS of $0.59 to $0.63 versus an expected loss of roughly $0.01. The company also signaled acceleration in endpoint IC demand. Impinj Q3 Guidance and Endpoint IC Demand
• Positive Sentiment: Cash generation and profitability improved. Impinj reported $12.2 million of net income attributable to common shareholders, $10.5 million of operating profit and $31.6 million of operating cash flow, supporting the view that growth is translating into stronger financial performance. Impinj Q2 2026 Earnings
• Positive Sentiment: Analyst support added to the bullish reaction. Cantor Fitzgerald reaffirmed its “overweight” rating and raised its price target to $200, implying substantial upside from the referenced trading level.
• Neutral Sentiment: Institutional positioning was mixed, with 154 investors adding shares and 145 reducing positions during the latest reporting period.
• Negative Sentiment: Insider activity remains a cautionary signal: reported transactions over the past six months consisted of 10 sales and no purchases, totaling roughly 239,000 shares sold. Impinj also trades at a very high earnings multiple, leaving the stock sensitive to any slowdown in growth or disappointment in future guidance.

Insider Buying and Selling at Impinj

In other news, Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 265,124 shares of company stock worth $36,565,887 over the last three months. Company insiders own 6.80% of the company’s stock.

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).