SFE Investment Counsel Buys Shares of 3,220 Impinj, Inc. $PI

SFE Investment Counsel purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,220 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after acquiring an additional 409,182 shares during the last quarter. Invesco Ltd. raised its stake in Impinj by 48.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after purchasing an additional 393,685 shares during the last quarter. Norges Bank acquired a new position in Impinj in the 4th quarter valued at about $55,216,000. State Street Corp lifted its holdings in 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 purchasing an additional 124,792 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Impinj by 1,880.0% in the 4th quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock valued at $22,382,000 after purchasing an additional 122,128 shares in the last quarter.

Analyst Ratings Changes

PI has been the topic of several analyst reports. UBS Group raised their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a research report on Thursday, July 30th. Needham & Company LLC reduced their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, Barclays lifted their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.22.

Impinj Stock Down 3.4%

Shares of NASDAQ:PI opened at $172.65 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of -187.66 and a beta of 1.94. The stock’s 50-day moving average price is $143.42 and its two-hundred day moving average price is $130.40. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

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

Insider Activity at Impinj

In related news, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the transaction, the director directly owned 782,943 shares in the company, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 240,657 shares of company stock worth $32,875,156 over the last three months. Corporate insiders own 6.80% of the company’s stock.

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).