Louisiana State Employees Retirement System Makes New $1.22 Million Investment in Impinj, Inc. $PI

Louisiana State Employees Retirement System bought a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,900 shares of the company’s stock, valued at approximately $1,222,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Danske Bank A S bought a new position in shares of Impinj in the fourth quarter worth about $35,000. Daiwa Securities Group Inc. lifted its holdings in Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Impinj during the 4th quarter valued at about $60,000. Larson Financial Group LLC boosted its position in Impinj by 7,100.0% in the 4th quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock valued at $63,000 after buying an additional 355 shares during the period. Finally, Kelleher Financial Advisors purchased a new stake in Impinj in the 3rd quarter valued at about $66,000.

Impinj Price Performance

Shares of Impinj stock opened at $141.58 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The firm’s 50-day moving average is $137.80 and its two-hundred day moving average is $135.65. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -153.89 and a beta of 1.92.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, research analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Impinj has an average rating of “Hold” and a consensus price target of $175.00.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the transaction, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 265,124 shares of company stock worth $36,565,887 in the last 90 days. 6.80% of the stock is currently owned by company 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).