Impinj (NASDAQ:PI) Trading 8.1% Higher – What’s Next?

Impinj, Inc. (NASDAQ:PI) shares rose 8.1% during trading on Wednesday . The company traded as high as $167.39 and last traded at $166.94. Approximately 194,602 shares traded hands during trading, a decline of 72% from the average daily volume of 690,528 shares. The stock had previously closed at $154.40.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays upped their price objective on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Roth Capital restated a “buy” rating and set a $235.00 price target on shares of Impinj in a research report on Thursday, October 30th. Evercore ISI raised their price objective on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Finally, UBS Group assumed coverage on shares of Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Trading Up 10.2%

The company has a market cap of $5.12 billion, a P/E ratio of -386.65 and a beta of 1.52. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $167.77 and its 200-day moving average price is $170.87.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. Impinj’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 697,450 shares of company stock worth $110,643,153. Insiders own 51.00% of the company’s stock.

Hedge Funds Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. Aberdeen Group plc grew its stake in Impinj by 193.8% during the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock valued at $11,900,000 after acquiring an additional 45,112 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in shares of Impinj by 19.4% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 8,854 shares of the company’s stock valued at $1,541,000 after purchasing an additional 1,439 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Impinj by 121.6% in the fourth quarter. SG Americas Securities LLC now owns 7,548 shares of the company’s stock worth $1,313,000 after purchasing an additional 4,142 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Impinj by 390.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,628 shares of the company’s stock worth $979,000 after purchasing an additional 4,480 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Impinj by 85.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after buying an additional 13,759 shares in the last quarter.

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).