16,348 Shares in Impinj, Inc. $PI Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in Impinj, Inc. (NASDAQ:PI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,348 shares of the company’s stock, valued at approximately $1,816,000. State of New Jersey Common Pension Fund D owned 0.06% of Impinj as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Impinj by 7.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock worth $741,000 after acquiring an additional 535 shares during the period. KBC Group NV increased its holdings in shares of Impinj by 35.0% in the 1st quarter. KBC Group NV now owns 1,227 shares of the company’s stock worth $111,000 after acquiring an additional 318 shares during the period. GAMMA Investing LLC increased its holdings in shares of Impinj by 68.7% in the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock worth $65,000 after acquiring an additional 294 shares during the period. Truist Financial Corp increased its holdings in shares of Impinj by 71.1% in the 2nd quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock worth $1,007,000 after acquiring an additional 3,768 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Impinj by 0.4% in the 1st quarter. Northern Trust Corp now owns 251,891 shares of the company’s stock worth $22,847,000 after acquiring an additional 953 shares during the period.

Insider Buying and Selling at Impinj

In other 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 value of $58,872,000.00. Following the sale, the insider owned 1,829,260 shares in the company, valued at approximately $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 accessible through 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 324,096 shares of company stock worth $63,353,832. 12.40% of the stock is currently owned by corporate insiders.

Impinj Trading Down 1.9%

NASDAQ:PI opened at $202.16 on Friday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $247.06. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -459.44 and a beta of 1.83. 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 company’s 50 day moving average is $195.94 and its 200-day moving average is $145.35.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on PI shares. Barclays assumed coverage on shares of Impinj in a report on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price objective on the stock. Needham & Company LLC increased their target price on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler increased their target price on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald increased their target price on shares of Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and a consensus target price of $228.25.

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.