State of Alaska Department of Revenue Acquires 1,160 Shares of Impinj, Inc. $PI

State of Alaska Department of Revenue raised its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,969 shares of the company’s stock after acquiring an additional 1,160 shares during the quarter. State of Alaska Department of Revenue’s holdings in Impinj were worth $1,550,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PI. Wealth Enhancement Advisory Services LLC grew its stake in shares of Impinj by 25.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,605 shares of the company’s stock worth $1,686,000 after acquiring an additional 2,327 shares in the last quarter. Rhumbline Advisers grew its stake 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 acquiring an additional 919 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Impinj by 68.7% during the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock worth $65,000 after acquiring an additional 294 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Impinj by 442.1% during the 1st quarter. SG Americas Securities LLC now owns 23,255 shares of the company’s stock worth $2,109,000 after acquiring an additional 18,965 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new position in shares of Impinj during the 1st quarter worth approximately $660,000.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 4,096 shares of Impinj 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 completion of the sale, the chief executive officer owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total value of $58,872,000.00. Following the sale, 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. Insiders have sold 324,096 shares of company stock valued at $63,353,832 in the last three months. Insiders own 12.40% of the company’s stock.

Impinj Trading Up 1.3%

Shares of Impinj stock opened at $185.19 on Friday. The business has a fifty day simple moving average of $174.66 and a two-hundred day simple moving average of $126.57. 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 $5.39 billion, a price-to-earnings ratio of 18,537.54 and a beta of 1.83. 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 (NASDAQ:PI) last announced its quarterly 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 return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same quarter last year, the firm posted $0.83 EPS. The company’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. Research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $195.00 target price on shares of Impinj in a research note on Monday, September 15th. Cantor Fitzgerald raised their target price 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. Susquehanna raised their target price 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research note on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.