Roth Mkm Cuts Impinj (NASDAQ:PI) Price Target to $180.00

Impinj (NASDAQ:PI) had its price target decreased by Roth Mkm from $220.00 to $180.00 in a report issued on Monday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Barclays reduced their price objective on Impinj from $175.00 to $169.00 and set an “overweight” rating on the stock in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Cantor Fitzgerald dropped their price target on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Zacks Research lowered Impinj from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Needham & Company LLC decreased their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Five 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. According to MarketBeat.com, Impinj presently has an average rating of “Hold” and an average target price of $167.63.

Impinj Trading Down 0.7%

Shares of PI opened at $98.64 on Monday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -252.92 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 has a 1-year low of $60.85 and a 1-year high of $247.06. The company has a 50-day moving average of $134.98 and a 200 day moving average of $164.73.

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

Hedge Funds Weigh In On Impinj

A number of large investors have recently made changes to their positions in PI. Geode Capital Management LLC increased its position in Impinj by 7.7% during the 2nd quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after buying an additional 42,472 shares in the last quarter. DNB Asset Management AS raised its stake in Impinj by 39.6% in the second quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock valued at $811,000 after buying an additional 2,073 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Impinj by 207.3% in the third quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock worth $3,055,000 after acquiring an additional 11,400 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Impinj during the third quarter worth about $36,259,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Impinj during the third quarter worth about $2,784,000.

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).