Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Impinj, Inc. $PI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Impinj, Inc. (NASDAQ:PI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,400 shares of the company’s stock, valued at approximately $2,784,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of Impinj as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc increased its holdings in Impinj by 30.9% during the third quarter. K.J. Harrison & Partners Inc now owns 21,200 shares of the company’s stock valued at $3,874,000 after buying an additional 5,000 shares during the last quarter. US Bancorp DE grew its position in shares of Impinj by 73.4% during the 3rd quarter. US Bancorp DE now owns 2,628 shares of the company’s stock valued at $475,000 after acquiring an additional 1,112 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Impinj in the 3rd quarter worth $354,000. TD Asset Management Inc bought a new position in Impinj in the 3rd quarter worth $1,057,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Impinj during the third quarter valued at $507,000.

Analysts Set New Price Targets

A number of brokerages have commented on PI. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Susquehanna reiterated a “positive” rating and set a $200.00 price objective on shares of Impinj in a research note on Friday, February 6th. Cantor Fitzgerald reduced their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Evercore reaffirmed an “in-line” rating and set a $112.00 price target (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Finally, Needham & Company LLC dropped their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Impinj currently has an average rating of “Hold” and a consensus target price of $173.38.

Impinj Stock Down 3.3%

NASDAQ PI opened at $116.64 on Wednesday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month 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 $3.53 billion, a PE ratio of -299.07 and a beta of 1.56. The stock’s 50 day moving average is $152.73 and its 200 day moving average is $170.71.

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, 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 business had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. During the same period last year, the firm posted $0.48 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Research analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 372,225 shares of company stock valued at $56,525,228. 51.00% of the stock is owned by insiders.

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).