Impinj (NASDAQ:PI) Trading Up 9.4% – Should You Buy?

Impinj, Inc. (NASDAQ:PI)’s stock price was up 9.4% during mid-day trading on Friday . The company traded as high as $120.79 and last traded at $120.7350. Approximately 481,834 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 837,411 shares. The stock had previously closed at $110.41.

Analyst Ratings Changes

Several research firms have recently weighed in on PI. Evercore reiterated an “in-line” rating and set a $112.00 price objective (down previously from $273.00) on shares of Impinj in a report on Friday, February 6th. UBS Group set a $155.00 target price on shares of Impinj in a report on Friday, February 6th. Cantor Fitzgerald cut their price target 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 reissued a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Finally, Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Impinj in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $166.56.

Impinj Stock Up 9.8%

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 company has a market capitalization of $3.66 billion, a P/E ratio of -310.08 and a beta of 1.56. The firm’s 50 day moving average price is $162.91 and its two-hundred day moving average price is $173.19.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The firm’s revenue was up 1.4% on a year-over-year basis. 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. Equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was 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 in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 632,420 shares of company stock worth $100,029,993. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PI. DLD Asset Management LP bought a new stake in shares of Impinj during the 2nd quarter worth approximately $1,332,840,000. Invesco Ltd. grew its stake in shares of Impinj by 48.3% in the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares in the last quarter. Norges Bank acquired a new position in Impinj during the fourth quarter worth $55,216,000. William Blair Investment Management LLC bought a new stake in Impinj during the third quarter worth $36,259,000. Finally, State Street Corp raised 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 acquiring an additional 124,792 shares in the last quarter.

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).