Vanguard Personalized Indexing Management LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,071 shares of the company’s stock, valued at approximately $230,000.
Other large investors have also bought and sold shares of the company. Banque Transatlantique SA bought a new position in Impinj during the 1st quarter worth $29,000. Ameritas Advisory Services LLC bought a new position in Impinj during the 2nd quarter worth $43,000. SBI Securities Co. Ltd. raised its position in Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock worth $36,000 after purchasing an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Impinj during the 1st quarter worth $43,000. Finally, Advisors Asset Management Inc. raised its position in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares during the last quarter.
Insider Transactions at Impinj
In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction dated Monday, September 8th. The stock was 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 in the company, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction dated 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 owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. This trade represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 in the last quarter. Company insiders own 12.40% of the company’s stock.
Impinj Price Performance
Impinj (NASDAQ:PI – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The business had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Research analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on PI. Piper Sandler lifted their price objective on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research report on Saturday. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Impinj in a research report on Monday, September 15th. Barclays began coverage on Impinj in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price objective for the company. Finally, Susquehanna lifted their price objective on Impinj from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $189.43.
Check Out Our Latest Stock Analysis on Impinj
Impinj 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.
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