Fred Alger Management LLC Decreases Holdings in Impinj, Inc. $PI

Fred Alger Management LLC decreased its holdings in Impinj, Inc. (NASDAQ:PI) by 53.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,782 shares of the company’s stock after selling 155,131 shares during the period. Fred Alger Management LLC’s holdings in Impinj were worth $24,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its stake 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. lifted its stake in shares of Impinj by 10.4% in 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 last quarter. Focus Partners Wealth bought a new stake in shares of Impinj in the 1st quarter valued at approximately $223,000. Intech Investment Management LLC boosted its holdings in shares of Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Impinj by 5.6% during the 2nd quarter. Bank of Montreal Can now owns 3,907 shares of the company’s stock valued at $434,000 after purchasing an additional 207 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays decreased their price target on Impinj from $175.00 to $169.00 and set an “overweight” rating on the stock in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Roth Mkm reduced their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler restated a “mixed” rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Finally, Evercore reaffirmed an “in-line” rating and set a $112.00 price target (down from $273.00) on shares of Impinj in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Impinj has a consensus rating of “Hold” and a consensus price target of $167.63.

Impinj Price Performance

PI opened at $98.50 on Tuesday. The business has a fifty day moving average of $138.80 and a 200 day moving average of $165.81. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The stock has a market cap of $2.98 billion, a P/E ratio of -252.56 and a beta of 1.56.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The business had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same quarter last year, the firm posted $0.48 earnings per share. 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 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).