Assenagon Asset Management S.A. Takes Position in Impinj, Inc. $PI

Assenagon Asset Management S.A. purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,019 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Impinj by 304.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock valued at $88,184,000 after buying an additional 731,817 shares during the period. Ameriprise Financial Inc. lifted its holdings in Impinj by 52.7% in the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock valued at $56,431,000 after buying an additional 214,792 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after buying an additional 26,388 shares during the period. Jennison Associates LLC lifted its holdings in Impinj by 14.5% in the first quarter. Jennison Associates LLC now owns 253,897 shares of the company’s stock valued at $23,028,000 after buying an additional 32,109 shares during the period. Finally, Northern Trust Corp lifted its holdings in Impinj by 0.4% in the first quarter. Northern Trust Corp now owns 251,891 shares of the company’s stock valued at $22,847,000 after buying an additional 953 shares during the period.

Insiders Place Their Bets

In related news, insider Sylebra Capital Llc sold 300,000 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total transaction of $768,532.48. Following the sale, the chief executive officer owned 297,013 shares in the company, valued at approximately $55,728,549.19. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,096 shares of company stock worth $63,353,832. 51.00% of the stock is currently owned by company insiders.

Impinj Trading Down 1.7%

PI opened at $175.45 on Monday. The firm’s fifty day moving average is $168.39 and its two-hundred day moving average is $123.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The firm has a market cap of $5.10 billion, a PE ratio of 17,562.56 and a beta of 1.81. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $93.78 million. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Equities research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of Impinj from $133.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Piper Sandler increased their price objective on shares of Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Impinj in a report on Monday, September 15th. Finally, Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.57.

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.