Royce & Associates LP Reduces Stock Holdings in Impinj, Inc. $PI

Royce & Associates LP cut its holdings in Impinj, Inc. (NASDAQ:PI) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,799 shares of the company’s stock after selling 59,403 shares during the period. Royce & Associates LP’s holdings in Impinj were worth $30,691,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Impinj by 39.9% during 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. raised 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 purchased a new stake in Impinj in the 1st quarter valued at approximately $223,000. Intech Investment Management LLC grew its holdings in Impinj by 29.6% during the 1st 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, AlphaQuest LLC increased its position in Impinj by 16.0% during the second quarter. AlphaQuest LLC now owns 1,786 shares of the company’s stock worth $198,000 after buying an additional 247 shares in the last quarter.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of analyst reports. Needham & Company LLC decreased their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Evercore reissued an “in-line” rating and issued a $112.00 price objective (down from $273.00) on shares of Impinj in a research report on Friday, February 6th. Piper Sandler reaffirmed a “mixed” rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Finally, Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Impinj has a consensus rating of “Hold” and an average price target of $173.38.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 455,320 shares of company stock valued at $70,493,583 over the last 90 days. Company insiders own 12.40% of the company’s stock.

Impinj Price Performance

PI stock opened at $122.66 on Monday. The stock has a 50-day moving average price of $154.99 and a two-hundred day moving average price of $171.35. The company has a market cap of $3.71 billion, a PE ratio of -314.50 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.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The firm had revenue of $92.85 million for the quarter, compared to analysts’ expectations of $91.87 million. During the same period in the previous year, the company posted $0.48 earnings per share. Impinj’s revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, research analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

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).