American Century Companies Inc. Lowers Stake in Impinj, Inc. $PI

American Century Companies Inc. lessened its holdings in Impinj, Inc. (NASDAQ:PI) by 9.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,593 shares of the company’s stock after selling 37,863 shares during the quarter. American Century Companies Inc. owned about 1.26% of Impinj worth $68,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. DNB Asset Management AS increased its stake in Impinj by 39.6% during the 2nd quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock valued at $811,000 after purchasing an additional 2,073 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Impinj by 207.3% during the third quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock valued at $3,055,000 after buying an additional 11,400 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Impinj by 7.7% during the second quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after buying an additional 42,472 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Impinj during the second quarter valued at approximately $12,160,000. Finally, DLD Asset Management LP purchased a new position in Impinj in the 2nd quarter worth approximately $1,332,840,000.

Analyst Ratings Changes

PI has been the topic of several recent analyst reports. Roth Mkm set a $220.00 target price on Impinj in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Evercore reaffirmed an “in-line” rating and set a $112.00 price objective (down from $273.00) on shares of Impinj in a research report on Friday, February 6th. Cantor Fitzgerald reduced their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Barclays lowered their target price on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.38.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were 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 of the company’s stock, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 369,058 shares of company stock worth $56,016,640. Corporate insiders own 12.40% of the company’s stock.

Impinj Price Performance

Shares of NASDAQ PI opened at $112.74 on Thursday. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The company has a market cap of $3.41 billion, a PE ratio of -289.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. The business has a 50-day simple moving average of $151.42 and a two-hundred day simple moving average of $170.30.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $92.85 million for 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 8.49%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, equities analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

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).