K.J. Harrison & Partners Inc Acquires 15,000 Shares of Impinj, Inc. $PI

K.J. Harrison & Partners Inc lifted its stake in Impinj, Inc. (NASDAQ:PI) by 133.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,200 shares of the company’s stock after acquiring an additional 15,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Impinj were worth $2,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PI. Invesco Ltd. raised its position in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares during the last quarter. Norges Bank bought a new position in Impinj during the fourth quarter valued at about $55,216,000. State Street Corp increased its stake in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after acquiring an additional 124,792 shares during the period. BNP Paribas Financial Markets raised its holdings in Impinj by 1,880.0% in the 4th quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock valued at $22,382,000 after acquiring an additional 122,128 shares in the last quarter. Finally, Oberweis Asset Management Inc. acquired a new position in Impinj in the 3rd quarter valued at approximately $19,362,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PI. Evercore set a $144.00 price objective on Impinj in a report on Thursday, April 30th. Roth Mkm reduced their target price on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. UBS Group lifted their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $175.00.

Impinj Stock Performance

Shares of PI opened at $141.58 on Friday. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.31 billion, a PE ratio of -153.89 and a beta of 1.92. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The stock has a 50 day simple moving average of $137.80 and a 200-day simple moving average of $135.65.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Impinj’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, sell-side analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity at Impinj

In other news, Director Sylebra Capital Llc sold 12,105 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the sale, the director owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is currently owned by insiders.

Impinj Company 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).