Impinj (NASDAQ:PI) Stock Gets Price Target Boost from Needham & Company LLC

Impinj (NASDAQ:PI) had its price objective upped by research analysts at Needham & Company LLC from $168.00 to $195.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would indicate a potential upside of 10.49% from the company’s current price.

Several other equities analysts have also commented on PI. BMO Capital Markets started coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research report on Wednesday. Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Barclays increased their target price on Impinj from $176.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Seven investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $191.40.

Impinj Stock Up 1.0%

PI stock opened at $176.48 on Thursday. Impinj has a one year low of $87.36 and a one year high of $245.93. The firm has a market cap of $5.39 billion, a PE ratio of -191.83 and a beta of 1.94. The firm’s 50 day moving average price is $176.12 and its 200-day moving average price is $144.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. The company had revenue of $112.08 million during the quarter, compared to analyst estimates 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 for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. On average, equities research analysts anticipate that Impinj will post 0.37 EPS for the current year.

Insider Activity at Impinj

In other Impinj news, CFO Cary Baker sold 8,892 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This represents a 9.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 4,354 shares of the company’s stock, valued at $754,374.04. This represents a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,121 shares of company stock worth $2,047,993. 6.80% of the stock is owned by insiders.

Institutional Trading of Impinj

A number of large investors have recently modified their holdings of PI. BlackRock Inc. purchased a new position in Impinj in the second quarter valued at approximately $637,286,000. The Manufacturers Life Insurance Company acquired a new stake in Impinj during the second quarter worth approximately $95,867,000. William Blair Investment Management LLC purchased a new stake in shares of Impinj during the 2nd quarter worth approximately $42,514,000. AWM Investment Company Inc. acquired a new position in shares of Impinj in the 2nd quarter valued at $29,651,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Impinj in the 2nd quarter valued at $23,191,000.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Third-quarter results beat expectations: Impinj reported adjusted earnings of $0.69 per share, above the $0.61 consensus estimate, while revenue reached $112.08 million versus expectations of $107.16 million. Revenue grew 16.7% year over year, and earnings increased from $0.58 per share in the prior-year quarter. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Endpoint IC demand accelerated: Management highlighted surging endpoint integrated-circuit revenue and demand for its M800 product line. The company is increasing back-end production capacity to support customer demand, signaling confidence in continued growth. Impinj Endpoint IC Revenue Surges
• Positive Sentiment: Profitability improved: Coverage characterized the quarter as one featuring record revenue and margin expansion, strengthening the investment case as Impinj scales its business. Impinj Q3 2026 Record Revenue and Margin Expansion
• Neutral Sentiment: Fourth-quarter outlook is solid but implies a sequential decline: Impinj forecasts Q4 revenue of $104 million to $107 million, below the third-quarter level, likely reflecting normal seasonality. However, the forecast remains supported by M800 demand and the planned capacity ramp. Impinj Q4 2026 Revenue Outlook
• Negative Sentiment: Valuation remains a risk: Despite the earnings beat, Impinj trades at a demanding valuation and continues to report a negative net margin, leaving the stock sensitive to any slowdown in RFID demand or execution problems during the capacity expansion.

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.