Oppenheimer Asset Management Inc. Purchases 985 Shares of Impinj, Inc. $PI

Oppenheimer Asset Management Inc. increased its position in shares of Impinj, Inc. (NASDAQ:PI) by 31.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,068 shares of the company’s stock after acquiring an additional 985 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Impinj were worth $452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake 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 acquiring an additional 140 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Impinj by 2.5% in the second quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company’s stock valued at $766,000 after buying an additional 167 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after buying an additional 171 shares in the last quarter. CWM LLC lifted its stake in Impinj by 3.3% in the first quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after buying an additional 185 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Impinj by 2.6% in the second quarter. Yousif Capital Management LLC now owns 8,752 shares of the company’s stock valued at $972,000 after buying an additional 219 shares in the last quarter.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Cantor Fitzgerald lifted their price target on shares of Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI lifted their price target on shares of Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays assumed coverage on shares of Impinj in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price objective on the stock. Finally, Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.25.

Insider Transactions at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of the business’s 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 completion of the sale, the insider owned 1,829,260 shares of the company’s stock, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. 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 4,096 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were 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 directly owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. The trade was a 1.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 324,096 shares of company stock valued at $63,353,832. 12.40% of the stock is currently owned by company insiders.

Impinj Price Performance

Shares of PI opened at $202.16 on Friday. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $247.06. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -459.44 and a beta of 1.83. The company’s fifty day simple moving average is $195.94 and its 200 day simple moving average is $145.35. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.

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

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.