Impinj, Inc. $PI Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in Impinj, Inc. (NASDAQ:PI) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,064 shares of the company’s stock after acquiring an additional 853 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Impinj worth $1,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Bank & Trust acquired a new position in Impinj during the 2nd quarter worth $208,000. Inspire Investing LLC boosted its stake in Impinj by 37.4% during the 1st quarter. Inspire Investing LLC now owns 3,781 shares of the company’s stock valued at $343,000 after purchasing an additional 1,029 shares during the period. Rhumbline Advisers raised its position in shares of Impinj by 1.5% during the 1st quarter. Rhumbline Advisers now owns 62,109 shares of the company’s stock worth $5,633,000 after buying an additional 919 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Impinj in the 1st quarter worth approximately $223,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Impinj from $133.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. 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. Piper Sandler upped their price objective on shares of Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price objective on shares of Impinj in a report on Monday, September 15th. 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 has an average rating of “Moderate Buy” and an average target price of $167.57.

Impinj Stock Down 1.7%

Shares of NASDAQ:PI opened at $175.45 on Monday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88. The company’s 50-day moving average price is $168.39 and its two-hundred day moving average price is $123.92. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The firm has a market cap of $5.10 billion, a P/E ratio of 17,562.56 and a beta of 1.81.

Impinj (NASDAQ:PI) last issued its earnings results 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 company had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. During the same quarter last year, the firm earned $0.83 EPS. 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. As a group, research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the transaction, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the business’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 sale, the chief executive officer directly owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their position. 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 owned by corporate insiders.

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.