Impinj (NASDAQ:PI) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Impinj (NASDAQ:PI) in a report issued on Friday morning,Benzinga reports. They currently have a $255.00 price objective on the stock.

PI has been the topic of several other research reports. Roth Capital reaffirmed a “buy” rating and issued a $235.00 price target on shares of Impinj in a research note on Thursday, October 30th. Barclays upped their price objective on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Piper Sandler lifted their target price on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI upped their price target on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Cantor Fitzgerald lifted their price objective on Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Price Performance

Impinj stock opened at $161.93 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $167.76 and a 200 day moving average price of $169.47. Impinj has a 12-month low of $60.85 and a 12-month high of $247.06. The stock has a market cap of $4.88 billion, a P/E ratio of -368.01 and a beta of 1.52.

Impinj (NASDAQ:PI) last posted its 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. The company had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. Impinj’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Sell-side analysts anticipate that Impinj will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction dated 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. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 697,450 shares of company stock worth $110,643,153. 12.40% of the stock is owned by corporate insiders.

Institutional Trading of Impinj

Several hedge funds have recently added to or reduced their stakes in PI. Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% in the first 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. Goldman Sachs Group Inc. lifted its position in shares of Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after purchasing an additional 26,388 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Impinj during the first quarter worth $223,000. Intech Investment Management LLC increased its holdings in Impinj by 29.6% in the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after buying an additional 3,812 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Impinj by 5.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,064 shares of the company’s stock valued at $1,861,000 after buying an additional 853 shares in the last quarter.

Impinj Company Profile

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).