Squarepoint Ops LLC Purchases 63,798 Shares of Impinj, Inc. $PI

Squarepoint Ops LLC boosted its position in Impinj, Inc. (NASDAQ:PI) by 120.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 116,850 shares of the company’s stock after purchasing an additional 63,798 shares during the quarter. Squarepoint Ops LLC’s holdings in Impinj were worth $16,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Impinj by 14,407.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,918,232 shares of the company’s stock valued at $704,438,000 after acquiring an additional 4,884,330 shares during the last quarter. BlackRock Inc. purchased a new position in Impinj in the 2nd quarter worth approximately $637,286,000. The Manufacturers Life Insurance Company bought a new position in shares of Impinj in the 2nd quarter worth $95,867,000. Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 393,685 shares during the last quarter. Finally, Norges Bank purchased a new position in Impinj in the fourth quarter worth $55,216,000.

Impinj Stock Down 4.1%

Shares of NASDAQ PI opened at $164.70 on Thursday. The firm has a fifty day simple moving average of $156.82 and a two-hundred day simple moving average of $134.66. The firm has a market capitalization of $5.03 billion, a PE ratio of -179.02 and a beta of 1.92. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business’s 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. Equities analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on PI shares. Jefferies Financial Group increased their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings raised shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.30.

Insider Activity at Impinj

In other 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 sale, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at $16,321,810. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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).