DLD Asset Management LP Sells 12,250,000 Shares of Impinj, Inc. $PI

DLD Asset Management LP reduced its position in shares of Impinj, Inc. (NASDAQ:PI) by 51.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,750,000 shares of the company’s stock after selling 12,250,000 shares during the period. Impinj makes up 0.1% of DLD Asset Management LP’s portfolio, making the stock its 18th biggest holding. DLD Asset Management LP owned about 39.02% of Impinj worth $19,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new stake in Impinj during the third quarter valued at $27,000. Hantz Financial Services Inc. increased its stake in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Impinj in the 3rd quarter valued at about $31,000. Bessemer Group Inc. boosted its position in shares of Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 84 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the last quarter.

Impinj Price Performance

Shares of Impinj stock opened at $94.29 on Monday. The firm has a market capitalization of $2.85 billion, a PE ratio of -241.76 and a beta of 1.56. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $247.06. The business’s 50-day moving average price is $148.25 and its 200-day moving average price is $169.36.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The business had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Impinj’s revenue for the quarter was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PI. Zacks Research cut shares of Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. Needham & Company LLC cut their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald decreased their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Impinj currently has an average rating of “Hold” and an average price target of $173.38.

Insiders Place Their Bets

In other news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the sale, the insider owned 1,132,152 shares of the company’s stock, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 365,191 shares of company stock valued at $55,394,696 in the last ninety days. Insiders own 51.00% of the company’s stock.

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).