Susquehanna Fundamental Investments LLC Has $6.05 Million Position in Impinj, Inc. $PI

Susquehanna Fundamental Investments LLC raised its position in Impinj, Inc. (NASDAQ:PI) by 252.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,253 shares of the company’s stock after acquiring an additional 30,270 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.14% of Impinj worth $6,052,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after purchasing an additional 7,194 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after acquiring an additional 8,023 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Impinj during the second quarter worth approximately $637,286,000. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Impinj by 25.6% during the first quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after purchasing an additional 27,845 shares during the last quarter.

Insider Activity at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 47,479 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $124.06, for a total value of $5,890,244.74. Following the completion of the sale, the director owned 840,576 shares in the company, valued at approximately $104,281,858.56. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,266 shares of company stock valued at $19,017,361 over the last three months. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PI shares. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. BMO Capital Markets began coverage on Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price for the company. Needham & Company LLC cut their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.30.

Impinj Stock Up 2.5%

Shares of Impinj stock opened at $174.32 on Tuesday. The company has a market capitalization of $5.33 billion, a P/E ratio of -189.48 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The business has a 50-day moving average of $151.62 and a two-hundred day moving average of $132.07. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million during 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 5.23%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities analysts predict that Impinj, Inc. will post 0.37 EPS for the current year.

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).