Intech Investment Management LLC Has $2.05 Million Holdings in Impinj, Inc. $PI

Intech Investment Management LLC trimmed its position in Impinj, Inc. (NASDAQ:PI) by 33.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,338 shares of the company’s stock after selling 5,769 shares during the quarter. Intech Investment Management LLC’s holdings in Impinj were worth $2,049,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Impinj by 73.4% during the third quarter. US Bancorp DE now owns 2,628 shares of the company’s stock valued at $475,000 after acquiring an additional 1,112 shares during the period. Fox Run Management L.L.C. purchased a new position in Impinj during the 3rd quarter worth approximately $354,000. TD Asset Management Inc acquired a new stake in Impinj during the 3rd quarter valued at $1,057,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Impinj in the third quarter valued at $507,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Impinj in the third quarter worth $573,000.

Impinj Stock Down 3.3%

PI opened at $112.74 on Thursday. The company has a market capitalization of $3.41 billion, a PE ratio of -289.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The business has a 50-day moving average of $151.42 and a 200-day moving average of $170.30.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays lowered their price target on Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Needham & Company LLC lowered their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. UBS Group set a $155.00 price target on shares of Impinj in a research report on Friday, February 6th. Cantor Fitzgerald decreased their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $173.38.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $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 can be accessed through this link. In the last quarter, insiders have sold 369,058 shares of company stock worth $56,016,640. Corporate insiders own 12.40% 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).