Impinj (NASDAQ:PI) Trading 4.2% Higher – Should You Buy?

Impinj, Inc. (NASDAQ:PI) shares rose 4.2% on Wednesday . The stock traded as high as $176.46 and last traded at $175.6350. Approximately 479,217 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 605,618 shares. The stock had previously closed at $168.60.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Needham & Company LLC upped their target price on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Evercore ISI upped their price objective on shares of Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. UBS Group began coverage on shares of Impinj in a research note on Friday, November 7th. They issued a “neutral” rating and a $200.00 target price for the company. Susquehanna set a $255.00 price target on Impinj in a research note on Thursday, October 30th. Finally, Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Stock Performance

The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -395.47 and a beta of 1.52. The firm’s 50-day moving average price is $170.85 and its two-hundred day moving average price is $163.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Sell-side analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the sale, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. The trade was a 10.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 697,450 shares of company stock valued at $110,643,153. 12.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Impinj

Several institutional investors have recently bought and sold shares of PI. EP Wealth Advisors LLC grew its holdings in shares of Impinj by 40.9% during the first quarter. EP Wealth Advisors LLC now owns 2,287 shares of the company’s stock worth $207,000 after purchasing an additional 664 shares during the last quarter. Advisors Asset Management Inc. lifted its position 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 buying an additional 140 shares in the last quarter. Banque Transatlantique SA bought a new stake in Impinj during the 1st quarter worth about $29,000. Duquesne Family Office LLC bought a new stake in Impinj during the 1st quarter worth about $9,839,000. Finally, Ion Asset Management Ltd. acquired a new stake in Impinj in the 1st quarter valued at about $5,369,000.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).