Impinj (NASDAQ:PI) Shares Break Above 50-Day Moving Average – Here’s What Happened

Impinj, Inc. (NASDAQ:PI) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $176.12 and traded as high as $177.55. Impinj shares last traded at $176.48, with a volume of 394,391 shares changing hands.

Key Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 results beat expectations. Impinj reported earnings of $0.69 per share, compared with the $0.61 analyst consensus, while revenue reached $112.08 million versus estimates of $107.16 million. Revenue rose 16.7% year over year, and earnings improved from $0.58 per share in the prior-year quarter. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Endpoint IC demand is accelerating. Strength in endpoint integrated-circuit revenue, including demand for the M800 product, helped drive record sales and supports expectations for continued growth. The company is ramping back-end production capacity to meet customer demand. Impinj Endpoint IC Revenue Surges
• Positive Sentiment: Management issued a constructive outlook. Impinj expects fourth-quarter 2026 revenue of $104 million to $107 million, with M800 demand supporting the capacity expansion. The outlook reinforces the investment case that RFID adoption and product demand remain healthy. Impinj Q4 2026 Revenue Outlook
• Negative Sentiment: Profitability remains a risk. Despite the earnings beat and margin expansion, Impinj reported a negative net margin of 7.26%. The midpoint of the Q4 revenue outlook also implies a sequential decline from Q3 revenue, which could temper enthusiasm if growth slows.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PI. Needham & Company LLC cut their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Barclays raised their price target on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a report on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group boosted their price objective on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.70.

Impinj Price Performance

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 stock has a market capitalization of $5.39 billion, a PE ratio of -191.83 and a beta of 1.94. The company has a 50-day moving average of $176.12 and a 200 day moving average of $144.61.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $112.08 million during the quarter, compared to the consensus estimate of $107.16 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Sell-side analysts predict that Impinj, Inc. will post 0.37 EPS for the current year.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 8,892 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the completion of the sale, the chief financial officer owned 80,388 shares of the company’s stock, valued at $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director owned 4,354 shares of the company’s stock, valued at $754,374.04. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,121 shares of company stock worth $2,047,993. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of PI. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Impinj by 126.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,300 shares of the company’s stock valued at $771,000 after acquiring an additional 2,400 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Impinj by 5.6% in the 3rd quarter. D.A. Davidson & CO. now owns 13,147 shares of the company’s stock valued at $2,357,000 after acquiring an additional 700 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in Impinj in the 3rd quarter valued at about $223,000. Apollon Wealth Management LLC raised its holdings in Impinj by 70.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,149 shares of the company’s stock valued at $565,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Impinj by 72.3% in the 3rd quarter. Signaturefd LLC now owns 162 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter.

Impinj Company Profile

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.