William Blair Investment Management LLC Purchases New Position in Impinj, Inc. $PI

William Blair Investment Management LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 200,605 shares of the company’s stock, valued at approximately $36,259,000. William Blair Investment Management LLC owned approximately 0.67% of Impinj at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. DLD Asset Management LP purchased a new stake in shares of Impinj during the 2nd quarter worth about $1,332,840,000. Granite Investment Partners LLC purchased a new position in shares of Impinj during the 2nd quarter valued at approximately $12,160,000. Bank of America Corp DE grew its stake in Impinj by 180.9% in the 2nd quarter. Bank of America Corp DE now owns 159,592 shares of the company’s stock valued at $17,726,000 after acquiring an additional 102,779 shares during the period. Norges Bank purchased a new stake in Impinj in the 2nd quarter worth $10,161,000. Finally, Wasatch Advisors LP acquired a new position in Impinj during the second quarter worth $8,715,000.

Impinj Stock Performance

Shares of PI stock opened at $122.66 on Monday. The firm has a market cap of $3.71 billion, a P/E ratio of -314.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. Impinj, Inc. has a one year low of $60.85 and a one year high of $247.06. The firm’s 50 day moving average price is $154.99 and its 200-day moving average price is $171.35.

Impinj (NASDAQ:PI) last posted its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.Impinj’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Roth Mkm set a $220.00 price target on shares of Impinj in a research report on Friday, February 6th. UBS Group set a $155.00 price target on Impinj in a research note on Friday, February 6th. Needham & Company LLC lowered their target price on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Finally, Zacks Research cut Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Impinj presently has a consensus rating of “Hold” and an average price target of $173.38.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the 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 sale, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 455,320 shares of company stock worth $70,493,583. 12.40% of the stock is owned by corporate insiders.

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).