Impinj (NASDAQ:PI) Price Target Raised to $255.00

Impinj (NASDAQ:PI) had its price objective lifted by Needham & Company LLC from $195.00 to $255.00 in a research report sent to investors on Thursday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the stock.

PI has been the topic of a number of other research reports. Susquehanna lifted their target price on Impinj from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Piper Sandler lifted their target price on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Cantor Fitzgerald raised their price target on Impinj from $158.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.25.

Impinj Stock Down 1.9%

Shares of Impinj stock opened at $202.16 on Thursday. The business’s 50 day simple moving average is $195.94 and its 200 day simple moving average is $145.35. Impinj has a 52-week low of $60.85 and a 52-week high of $247.06. The firm has a market cap of $5.88 billion, a PE ratio of -459.44 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64.

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

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the transaction, the insider directly owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares of the company’s stock, valued at $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 over the last quarter. 12.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

Several institutional investors have recently added to or reduced their stakes in PI. GAMMA Investing LLC boosted its stake in Impinj by 68.7% in the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock valued at $65,000 after purchasing an additional 294 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Impinj by 7.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock valued at $741,000 after purchasing an additional 535 shares during the period. KBC Group NV boosted its stake in Impinj by 35.0% in the 1st quarter. KBC Group NV now owns 1,227 shares of the company’s stock valued at $111,000 after purchasing an additional 318 shares during the period. Teacher Retirement System of Texas bought a new stake in Impinj in the 1st quarter valued at $336,000. Finally, Bank of New York Mellon Corp boosted its stake in Impinj by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 171,139 shares of the company’s stock valued at $15,522,000 after purchasing an additional 5,475 shares during the period.

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.