Impinj (NASDAQ:PI) Shares Up 9.2% – Here’s What Happened

Impinj, Inc. (NASDAQ:PI) shares traded up 9.2% during trading on Friday . The stock traded as high as $152.27 and last traded at $153.14. 87,048 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 645,075 shares. The stock had previously closed at $140.27.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Impinj in a report on Friday, February 6th. Evercore set a $144.00 price objective on Impinj in a report on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Impinj in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.00.

Impinj Stock Performance

The firm has a fifty day moving average of $116.81 and a 200-day moving average of $140.42. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -164.10 and a beta of 1.93. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.Impinj’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, sell-side analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling at Impinj

In other news, Director Sylebra Capital Llc sold 25,896 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $152.73, for a total value of $3,955,096.08. Following the completion of the transaction, the director directly owned 1,070,085 shares of the company’s stock, valued at $163,434,082.05. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Impinj

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Impinj by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after acquiring an additional 85,882 shares during the last quarter. Invesco Ltd. grew its position in Impinj by 6.5% during the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after acquiring an additional 78,587 shares during the period. State Street Corp grew its position in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after acquiring an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD grew its position in Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after acquiring an additional 18,263 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Impinj by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock worth $116,195,000 after buying an additional 42,792 shares during the period.

Impinj Company 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).