Impinj, Inc. $PI Stake Reduced by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,873 shares of the company’s stock after selling 600 shares during the period. Ensign Peak Advisors Inc’s holdings in Impinj were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in Impinj by 1.1% during the second quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after buying an additional 74 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Impinj by 39.9% in 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 raised its position in shares of Impinj by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company’s stock worth $766,000 after purchasing an additional 167 shares during the period. Teacher Retirement System of Texas raised its position in shares of Impinj by 4.9% during the second quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock worth $432,000 after purchasing an additional 181 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Impinj by 5.6% during the second quarter. Bank of Montreal Can now owns 3,907 shares of the company’s stock valued at $434,000 after purchasing an additional 207 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays boosted their price objective on Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Needham & Company LLC upped their price target on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Piper Sandler increased their target price on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Stock Performance

Shares of PI opened at $171.73 on Friday. The company has a market capitalization of $5.17 billion, a PE ratio of -390.28 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. The company’s 50 day moving average price is $184.61 and its 200 day moving average price is $155.24. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $247.06.

Impinj (NASDAQ:PI) last issued 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 negative net margin of 3.45% and a positive return on equity of 8.50%. The company had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Research analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Miron Washington sold 342 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total value of $54,357.48. Following the transaction, the director owned 2,040 shares in the company, valued at approximately $324,237.60. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sylebra Capital Llc sold 46,110 shares of Impinj stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $167.73, for a total transaction of $7,734,030.30. Following the completion of the sale, the insider owned 1,675,383 shares of the company’s stock, valued at $281,011,990.59. This trade represents a 2.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 473,315 shares of company stock valued at $87,591,517. Insiders own 12.40% of the company’s stock.

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.