Needham & Company LLC Lowers Impinj (NASDAQ:PI) Price Target to $175.00

Impinj (NASDAQ:PI) had its price objective lowered by analysts at Needham & Company LLC from $255.00 to $175.00 in a research note issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 50.81% from the stock’s previous close.

Several other brokerages also recently commented on PI. Roth Mkm set a $220.00 price objective on shares of Impinj in a research report on Friday. UBS Group decreased their target price on Impinj from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Susquehanna set a $255.00 price target on shares of Impinj in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald boosted their target price on shares of Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $166.56.

Impinj Stock Down 24.6%

Impinj stock opened at $116.04 on Friday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -297.53 and a beta of 1.56. Impinj has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67. The firm has a 50 day moving average price of $167.15 and a two-hundred day moving average price of $173.87.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $92.85 million during the quarter, compared to the consensus estimate of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.82%. Impinj’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities analysts predict that Impinj will post -0.47 EPS for the current year.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,132,152 shares in the company, 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 SEC, which is available through this hyperlink. Over the last three months, insiders sold 666,192 shares of company stock valued at $105,288,457. 12.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

A number of hedge funds have recently made changes to their positions in PI. DLD Asset Management LP bought a new position in Impinj during the 2nd quarter valued at approximately $1,332,840,000. Vanguard Group Inc. grew its stake in shares of Impinj by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after acquiring an additional 85,882 shares during the last quarter. State Street Corp grew its stake in shares of Impinj by 1.4% in the second quarter. State Street Corp now owns 1,215,065 shares of the company’s stock worth $134,957,000 after acquiring an additional 16,337 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after acquiring an additional 393,685 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its position in shares of Impinj by 1.1% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after purchasing an additional 8,126 shares during the last quarter.

Key Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results were roughly in line: GAAP EPS of $0.50 matched consensus and revenue of ~$92.9M slightly beat estimates — evidence the core business remains profitable and growing modestly. Impinj Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Analysts still see upside despite cuts: Needham kept a buy rating (PT lowered to $175) and Piper Sandler maintained a mixed rating (PT lowered to $180), indicating some investors/analysts view the pullback as a buying opportunity. Needham price target note
• Neutral Sentiment: Longer‑term demand drivers remain: analysts and company commentary point to ongoing retail RFID mandates and secular adoption that support multi‑year growth, but these are balanced by short‑term execution risks. Retail mandates fuel RFID push
• Negative Sentiment: Q1 2026 revenue guidance came in at $71M–$74M versus Street estimates near $89.7M — a big short‑term miss that is the primary driver of the selloff. Impinj outlines Q1 2026 revenue target
• Negative Sentiment: Management flagged an inventory transition and the rollout of custom chips that will depress near‑term shipments and cash flow (inventory “burn” and muted guidance highlighted in analyst/deep‑dive pieces). PI Q4 Deep Dive: Inventory Burn, Custom Chips, and Muted Guidance
• Negative Sentiment: Immediate market reaction was severe: multiple outlets report a sharp intraday drop and elevated volume as investors reprice the company around the weaker near‑term outlook; several firms cut price targets. Impinj Stock Falls on 4Q Earnings Miss

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).