Jupiter Topco LLC Takes $3.50 Million Position in Impinj, Inc. $PI

Jupiter Topco LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 24,441 shares of the company’s stock, valued at approximately $3,499,000. Jupiter Topco LLC owned 0.08% of Impinj as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Impinj during the 2nd quarter worth about $637,286,000. Invesco Ltd. boosted its position in shares of Impinj by 6.5% during the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after buying an additional 78,587 shares during the last quarter. State Street Corp boosted its holdings in Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after acquiring an additional 124,792 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after purchasing an additional 18,263 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Impinj in the 2nd quarter worth approximately $95,867,000.

Impinj Stock Down 3.5%

PI opened at $168.19 on Wednesday. The business’s fifty day simple moving average is $152.48 and its 200 day simple moving average is $132.50. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.14 billion, a PE ratio of -182.82 and a beta of 1.94.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the company’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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,953 shares of company stock valued at $18,138,781 in the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PI. Weiss Ratings raised shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Needham & Company LLC dropped their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group raised their price target on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.30.

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).