Impinj, Inc. $PI Position Lessened by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Impinj, Inc. (NASDAQ:PI) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,338 shares of the company’s stock after selling 5,769 shares during the quarter. Intech Investment Management LLC’s holdings in Impinj were worth $2,049,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its holdings in shares of Impinj by 39.9% during the first 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 period. Goldman Sachs Group Inc. boosted its stake in Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the period. Focus Partners Wealth bought a new position in Impinj in the 1st quarter worth about $223,000. Nisa Investment Advisors LLC increased its stake in shares of Impinj by 245.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,026 shares of the company’s stock valued at $114,000 after purchasing an additional 729 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Impinj by 41.2% during the second quarter. Envestnet Asset Management Inc. now owns 46,208 shares of the company’s stock valued at $5,132,000 after buying an additional 13,472 shares during the last quarter.

Impinj Price Performance

Shares of Impinj stock opened at $112.74 on Thursday. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $247.06. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.41 billion, a PE ratio of -289.07 and a beta of 1.56. The company’s 50-day moving average price is $151.42 and its two-hundred day moving average price is $170.30.

Impinj (NASDAQ:PI) last announced its quarterly earnings data 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 negative net margin of 3.00% and a positive return on equity of 8.49%. The company had revenue of $92.85 million for the quarter, compared to analysts’ expectations of $91.87 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business’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, sell-side analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction 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 in the company, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 369,058 shares of company stock valued at $56,016,640 over the last quarter. 12.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PI. Roth Mkm set a $220.00 price objective on Impinj in a report on Friday, February 6th. UBS Group set a $155.00 price target on Impinj in a research note on Friday, February 6th. Cantor Fitzgerald cut their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” 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 research report on Thursday, January 22nd. Finally, Barclays dropped their price target on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Impinj presently has a consensus rating of “Hold” and a consensus price target of $173.38.

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).