Impinj, Inc. $PI Stake Raised by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of Impinj, Inc. (NASDAQ:PI) by 37.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,781 shares of the company’s stock after acquiring an additional 1,029 shares during the quarter. Inspire Investing LLC’s holdings in Impinj were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Versant Capital Management Inc increased its stake in shares of Impinj by 7.2% during the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company’s stock valued at $203,000 after acquiring an additional 150 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Impinj by 75.3% during 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 period. CWM LLC increased its stake in shares of Impinj by 3.3% during the first quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after acquiring an additional 185 shares during the period. Finally, SFE Investment Counsel increased its stake in shares of Impinj by 6.5% during the first quarter. SFE Investment Counsel now owns 4,500 shares of the company’s stock valued at $408,000 after acquiring an additional 273 shares during the period.

Impinj Trading Up 1.5%

Shares of NASDAQ:PI opened at $193.76 on Wednesday. The firm has a fifty day moving average of $157.09 and a two-hundred day moving average of $118.53. The firm has a market capitalization of $5.64 billion, a P/E ratio of 19,395.40 and a beta of 1.81. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $239.88. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $93.78 million. During the same quarter in the previous year, the business earned $0.83 EPS. Impinj’s quarterly 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. On average, equities analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PI shares. Piper Sandler raised their price objective on shares of Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Cantor Fitzgerald lifted their price target on shares of Impinj from $133.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Impinj in a research report on Monday. Finally, Susquehanna lifted their price target 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.57.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the completion of the transaction, the chief executive officer owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the transaction, the insider directly owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,096 shares of company stock valued at $63,353,832. Company insiders own 51.00% of the company’s stock.

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.