Impinj, Inc. $PI Shares Sold by KBC Group NV

KBC Group NV lessened its stake in shares of Impinj, Inc. (NASDAQ:PI) by 97.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 793 shares of the company’s stock after selling 31,259 shares during the quarter. KBC Group NV’s holdings in Impinj were worth $81,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. grew its position in shares of Impinj by 48.3% in the 3rd 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 purchased a new stake in Impinj in the fourth quarter valued at $55,216,000. State Street Corp boosted its stake in Impinj by 10.8% in 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 in the last quarter. BNP Paribas Financial Markets boosted its stake in Impinj by 1,880.0% in the fourth 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. purchased a new position in shares of Impinj during the third quarter worth about $19,362,000.

Impinj Stock Up 2.1%

Shares of NASDAQ PI opened at $130.29 on Tuesday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -141.62 and a beta of 1.92. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The firm has a 50-day moving average price of $137.72 and a 200 day moving average price of $131.57. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PI. Barclays lifted their target price on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $175.00.

Insider Buying and Selling at Impinj

In related news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 265,124 shares of company stock valued at $36,565,887. Corporate insiders own 6.80% of the company’s stock.

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).