Barclays Cuts Impinj (NASDAQ:PI) Price Target to $169.00

Impinj (NASDAQ:PI) had its target price reduced by Barclays from $175.00 to $169.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Piper Sandler reiterated a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Cantor Fitzgerald reduced their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Zacks Research cut shares of Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Roth Mkm set a $220.00 target price on shares of Impinj in a research note on Friday, February 6th. Finally, Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Impinj in a report on Friday, February 6th. Five 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.63.

Impinj Price Performance

PI stock opened at $98.64 on Monday. The business’s 50-day moving average is $134.98 and its two-hundred day moving average is $164.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01. The firm has a market capitalization of $2.98 billion, a P/E ratio of -252.92 and a beta of 1.56. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.50 EPS 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 during the quarter, compared to the consensus estimate of $91.87 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Analysts anticipate that Impinj will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Impinj

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its holdings in shares of Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 buying an additional 26,388 shares during the last quarter. Focus Partners Wealth acquired a new stake in Impinj during the 1st quarter worth $223,000. Intech Investment Management LLC lifted its position in Impinj by 29.6% in the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Impinj by 5.6% in the second quarter. Bank of Montreal Can now owns 3,907 shares of the company’s stock valued at $434,000 after acquiring an additional 207 shares during 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).