Impinj (NASDAQ:PI) Shares Down 9.8% – Here’s What Happened

Shares of Impinj, Inc. (NASDAQ:PI) dropped 9.8% during trading on Thursday . The company traded as low as $101.33 and last traded at $101.68. Approximately 724,256 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 771,253 shares. The stock had previously closed at $112.74.

Analyst Upgrades and Downgrades

PI has been the topic of a number of analyst reports. Cantor Fitzgerald lowered their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research note on Thursday, January 22nd. Barclays reduced their target price on Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Needham & Company LLC dropped their price target on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Roth Mkm set a $220.00 price objective on Impinj in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Impinj presently has an average rating of “Hold” and a consensus price target of $173.38.

Impinj Trading Down 10.5%

The business has a 50-day moving average price of $151.42 and a two-hundred day moving average price of $170.30. The company has a market cap of $3.05 billion, a P/E ratio of -258.71 and a beta of 1.56. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The firm had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. During the same quarter in the previous year, the business earned $0.48 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 369,058 shares of company stock valued at $56,016,640. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PI. DLD Asset Management LP acquired a new stake in shares of Impinj during the second quarter worth about $1,332,840,000. Invesco Ltd. increased its holdings in Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Norges Bank bought a new stake in shares of Impinj in the fourth quarter valued at about $55,216,000. William Blair Investment Management LLC bought a new stake in shares of Impinj in the third quarter valued at about $36,259,000. Finally, State Street Corp boosted its position in shares of Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares during the period.

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).