Northern Trust Corp Raises Stock Position in Impinj, Inc. $PI

Northern Trust Corp increased its position in shares of Impinj, Inc. (NASDAQ:PI) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,891 shares of the company’s stock after acquiring an additional 953 shares during the quarter. Northern Trust Corp owned about 0.87% of Impinj worth $22,847,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PI. Cambridge Investment Research Advisors Inc. grew its holdings in Impinj by 7.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock worth $741,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV lifted its holdings in shares of Impinj by 35.0% during the 1st quarter. KBC Group NV now owns 1,227 shares of the company’s stock valued at $111,000 after purchasing an additional 318 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Impinj by 68.7% during the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock valued at $65,000 after purchasing an additional 294 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Impinj by 46.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company’s stock valued at $280,000 after purchasing an additional 975 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after purchasing an additional 185 shares during the last quarter.

Impinj Stock Down 1.6%

NASDAQ:PI opened at $187.47 on Monday. The company has a market cap of $5.45 billion, a PE ratio of 18,765.77 and a beta of 1.81. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $138.30 and its two-hundred day moving average is $111.01.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, topping 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 company 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 EPS. Impinj’s revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $187.79, for a total transaction of $938,950.00. Following the completion of the sale, the chief executive officer directly owned 361,109 shares in the company, valued at approximately $67,812,659.11. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PI. Cantor Fitzgerald increased their price objective on Impinj from $133.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC increased their price objective on Impinj from $115.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Piper Sandler boosted their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Susquehanna boosted their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.29.

Impinj Company Profile

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.