D.A. Davidson & CO. Boosts Holdings in Impinj, Inc. $PI

D.A. Davidson & CO. lifted its holdings in Impinj, Inc. (NASDAQ:PI) by 857.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,439 shares of the company’s stock after acquiring an additional 11,140 shares during the quarter. D.A. Davidson & CO.’s holdings in Impinj were worth $1,277,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Danske Bank A S bought a new position in shares of Impinj during the 4th quarter valued at $35,000. Advisors Asset Management Inc. raised its position in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares during the period. Daiwa Securities Group Inc. lifted its stake in Impinj by 41.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after purchasing an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Impinj in the fourth quarter worth $60,000. Finally, Larson Financial Group LLC boosted its position in Impinj by 7,100.0% during the fourth 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.

Insider Activity

In related news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the sale, the director directly owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 265,124 shares of company stock valued at $36,565,887 over the last quarter. 6.80% of the stock is owned by company insiders.

Impinj Trading Up 1.5%

Shares of PI opened at $138.02 on Thursday. The stock has a market capitalization of $4.20 billion, a P/E ratio of -150.02 and a beta of 1.92. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $138.48 and a two-hundred day simple moving average of $132.73.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, research analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PI shares. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Needham & Company LLC restated a “buy” rating and set a $175.00 price target on shares of Impinj in a research report on Thursday, April 30th. Finally, UBS Group lifted their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.00.

Impinj Company 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).