Handelsbanken Fonder AB Boosts Stock Position in Impinj, Inc. $PI

Handelsbanken Fonder AB lifted its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the company’s stock after buying an additional 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Impinj were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in Impinj by 254.3% during the first quarter. Cetera Investment Advisers now owns 5,761 shares of the company’s stock worth $523,000 after acquiring an additional 4,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Impinj by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,989 shares of the company’s stock valued at $634,000 after purchasing an additional 660 shares during the period. LPL Financial LLC increased its stake in shares of Impinj by 29.3% during the first quarter. LPL Financial LLC now owns 15,200 shares of the company’s stock worth $1,379,000 after purchasing an additional 3,442 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Impinj during the 1st quarter worth about $1,033,000. Finally, Bayforest Capital Ltd purchased a new position in Impinj in the 1st quarter valued at about $118,000.

Analysts Set New Price Targets

PI has been the subject of several research reports. Needham & Company LLC boosted their price objective on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Susquehanna set a $255.00 price objective on Impinj in a report on Thursday, October 30th. Finally, Piper Sandler lifted their target price on shares of Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Stock Down 0.6%

Shares of NASDAQ:PI opened at $171.73 on Friday. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The stock has a market cap of $5.17 billion, a P/E ratio of -390.28 and a beta of 1.83. The business has a fifty day moving average of $184.61 and a two-hundred day moving average of $155.24. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share 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 analysts’ expectations of $92.71 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue 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, research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the firm’s 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 sale, the insider 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 is available in the SEC filing. Insiders sold a total of 473,315 shares of company stock worth $87,591,517 over the last quarter. 12.40% of the stock is currently owned by company insiders.

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.