Impinj (NASDAQ:PI) Price Target Raised to $180.00

Impinj (NASDAQ:PI) had its target price hoisted by UBS Group from $175.00 to $180.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Barclays raised their price objective on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research report on Wednesday. Susquehanna upped their target price on shares of Impinj from $175.00 to $225.00 and gave the stock a “positive” rating in a report on Thursday. Needham & Company LLC raised their price target on shares of Impinj from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price target on Impinj from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and an average target price of $194.40.

Impinj Price Performance

Shares of NASDAQ:PI opened at $179.66 on Thursday. Impinj has a twelve month low of $87.36 and a twelve month high of $215.25. The stock’s 50 day moving average is $176.87 and its 200-day moving average is $144.35. The company has a quick ratio of 2.29, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -544.41 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. Impinj had a negative net margin of 2.45% and a positive return on equity of 6.65%. The business had revenue of $112.08 million during the quarter, compared to the consensus estimate of $107.16 million. During the same quarter last year, the firm posted $0.58 EPS. Impinj’s revenue was up 16.7% compared to the same quarter last year. Sell-side analysts forecast that Impinj will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In other Impinj news, Director Meera Rao sold 1,729 shares of Impinj stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $201.60, for a total transaction of $348,566.40. Following the transaction, the director directly owned 9,593 shares of the company’s stock, valued at $1,933,948.80. The trade was a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of Impinj stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total transaction of $138,608.00. Following the transaction, the director directly owned 4,354 shares in the company, valued at $754,374.04. This represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,850 shares of company stock worth $2,396,559. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in shares of Impinj by 5.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,486 shares of the company’s stock valued at $1,163,000 after purchasing an additional 315 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Impinj by 126.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,300 shares of the company’s stock valued at $771,000 after buying an additional 2,400 shares during the period. D.A. Davidson & CO. increased its holdings in Impinj by 5.6% during the third quarter. D.A. Davidson & CO. now owns 13,147 shares of the company’s stock worth $2,357,000 after buying an additional 700 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in Impinj during the third quarter worth about $223,000. Finally, Apollon Wealth Management LLC raised its position in Impinj by 70.0% in the third quarter. Apollon Wealth Management LLC now owns 3,149 shares of the company’s stock worth $565,000 after acquiring an additional 1,297 shares during the period.

Key Stories Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.