Assetmark Inc. Grows Stock Position in Impinj, Inc. $PI

Assetmark Inc. raised its position in Impinj, Inc. (NASDAQ:PI) by 21,027.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,648 shares of the company’s stock after buying an additional 4,626 shares during the quarter. Assetmark Inc.’s holdings in Impinj were worth $477,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Impinj by 48.3% in the 3rd 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 during the period. Norges Bank bought a new position in Impinj during the fourth quarter worth about $55,216,000. State Street Corp boosted its position in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Impinj by 1,880.0% in the fourth quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock worth $22,382,000 after purchasing an additional 122,128 shares in the last quarter. Finally, Oberweis Asset Management Inc. purchased a new position in shares of Impinj in the third quarter worth about $19,362,000.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 265,124 shares of company stock worth $36,565,887 in the last three months. Insiders own 6.80% of the company’s stock.

Impinj Stock Performance

NASDAQ:PI opened at $127.55 on Monday. The stock has a market cap of $3.89 billion, a P/E ratio of -138.64 and a beta of 1.92. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $137.90 and its two-hundred day moving average price is $132.01. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.Impinj’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of recent research reports. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. UBS Group lifted their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $175.00 target price on shares of Impinj in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $175.00.

Impinj 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).