Tidal Investments LLC Increases Position in Impinj, Inc. $PI

Tidal Investments LLC grew its holdings in Impinj, Inc. (NASDAQ:PI) by 15.8% during the second quarter, HoldingsChannel reports. The firm owned 110,251 shares of the company’s stock after acquiring an additional 15,046 shares during the period. Tidal Investments LLC’s holdings in Impinj were worth $15,791,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PI. TOP Private Wealth LLC. purchased a new position in Impinj during the second quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Impinj in the 2nd quarter worth $31,000. Western Wealth Management LLC purchased a new position in shares of Impinj during the 1st quarter worth $28,000. Bamco Inc. NY acquired a new position in shares of Impinj during the 2nd quarter valued at about $45,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Impinj by 41.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after purchasing an additional 100 shares during the period.

Insider Transactions at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is currently owned by insiders.

Impinj Trading Up 4.3%

NASDAQ PI opened at $171.79 on Friday. The firm’s 50-day moving average is $157.42 and its two-hundred day moving average is $134.97. 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 market capitalization of $5.25 billion, a P/E ratio of -186.73 and a beta of 1.92.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, sell-side analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

PI has been the topic of a number of analyst reports. BMO Capital Markets assumed coverage on shares of Impinj in a research note on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price on the stock. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Needham & Company LLC reduced their price target on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Jefferies Financial Group upped their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.30.

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).