LPL Financial LLC Acquires 3,442 Shares of Impinj, Inc. $PI

LPL Financial LLC lifted its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 29.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the company’s stock after acquiring an additional 3,442 shares during the period. LPL Financial LLC owned approximately 0.05% of Impinj worth $1,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PI. Canada Pension Plan Investment Board purchased a new position in Impinj during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. boosted its stake in Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC boosted its stake in Impinj by 68.7% in the first quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock valued at $65,000 after acquiring an additional 294 shares during the last quarter. KBC Group NV boosted its stake in Impinj by 35.0% in the first quarter. KBC Group NV now owns 1,227 shares of the company’s stock valued at $111,000 after acquiring an additional 318 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Impinj in the fourth quarter valued at about $156,000.

Impinj Price Performance

Shares of NASDAQ:PI opened at $176.82 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The company has a market capitalization of $5.14 billion, a P/E ratio of 17,699.70 and a beta of 1.74. The firm’s 50 day simple moving average is $130.35 and its two-hundred day simple moving average is $108.38.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Research analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

PI has been the topic of a number of recent research reports. Susquehanna upped their price target on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Cantor Fitzgerald upped their price target on shares of Impinj from $133.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on shares of Impinj from $115.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Piper Sandler upped their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and an average price target of $163.29.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.