Legal & General Group Plc Makes New $8.93 Million Investment in Impinj, Inc. $PI

Legal & General Group Plc purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 62,373 shares of the company’s stock, valued at approximately $8,934,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Impinj during the second quarter worth about $637,286,000. Invesco Ltd. boosted its holdings in Impinj by 6.5% in the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after purchasing an additional 78,587 shares during the last quarter. State Street Corp grew its stake in shares of Impinj by 10.8% in the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after buying an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Impinj by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after buying an additional 18,263 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Impinj during the 2nd quarter worth approximately $95,867,000.

Impinj Trading Down 3.5%

PI opened at $168.19 on Wednesday. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $152.48 and a 200-day simple moving average of $132.50. The firm has a market cap of $5.14 billion, a P/E ratio of -182.82 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, equities analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on PI shares. Jefferies Financial Group lifted their price target on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets started coverage on Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $183.30.

Insider Activity at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 47,479 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $124.06, for a total value of $5,890,244.74. Following the completion of the transaction, the director owned 840,576 shares of the company’s stock, valued at $104,281,858.56. This trade represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 139,953 shares of company stock valued at $18,138,781. Insiders own 6.80% of the company’s stock.

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).