Impinj, Inc. $PI Position Boosted by Royal Bank of Canada

Royal Bank of Canada increased its position in Impinj, Inc. (NASDAQ:PI) by 307.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,812 shares of the company’s stock after purchasing an additional 10,425 shares during the period. Royal Bank of Canada’s holdings in Impinj were worth $1,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after acquiring an additional 26,388 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Impinj in the 1st quarter valued at approximately $223,000. Intech Investment Management LLC raised its position in shares of Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Impinj during the second quarter worth $3,833,000.

Insider Transactions at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares in the company, valued at approximately $16,321,810. This represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares in the company, valued at $99,715,620.48. The trade was a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 240,657 shares of company stock worth $32,875,156. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

PI has been the subject of a number of research reports. Evercore set a $144.00 price objective on shares of Impinj in a report on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of Impinj in a report 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. 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 report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.22.

Impinj Price Performance

Shares of PI opened at $164.98 on Thursday. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The stock has a fifty day moving average price of $145.97 and a 200 day moving average price of $130.41. The company has a market cap of $5.04 billion, a P/E ratio of -179.33 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. During the same period last year, the business posted $0.80 earnings per share. The firm’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, research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

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).