Key Points
- Sylebra Capital LLC sold 25,896 shares of Impinj on May 8 at an average price of $152.73, generating about $3.96 million. After the sale, it still held 1,070,085 shares, and the transaction reduced its position by 2.36%.
- Impinj shares were down 3.6% and opened at $148.25. The stock has traded between $87.36 and $247.06 over the past year and currently has a market cap of $4.52 billion.
- In its latest earnings report, Impinj posted EPS of $0.14, beating expectations, and revenue of $74.25 million, also ahead of estimates. Analysts currently have a consensus Hold rating with a target price of $175.00.
Impinj, Inc. (NASDAQ:PI - Get Free Report) 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 transaction of $3,955,096.08. Following the transaction, the director directly owned 1,070,085 shares in the company, valued at $163,434,082.05. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Impinj Trading Down 3.6%
Shares of PI stock opened at $148.25 on Wednesday. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The firm's fifty day simple moving average is $111.90 and its 200 day simple moving average is $144.79. The firm has a market capitalization of $4.52 billion, a P/E ratio of -161.14 and a beta of 1.93. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18.
Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Impinj's revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, sell-side analysts predict that Impinj, Inc. will post 0.28 EPS for the current year.
Institutional Investors Weigh In On Impinj
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Impinj by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company's stock valued at $603,110,000 after buying an additional 85,882 shares during the period. Invesco Ltd. increased its holdings in Impinj by 6.5% in the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company's stock valued at $224,104,000 after buying an additional 78,587 shares during the period. State Street Corp increased its holdings in Impinj by 10.8% in the 4th quarter. State Street Corp now owns 1,276,893 shares of the company's stock valued at $222,192,000 after buying an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Impinj by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company's stock valued at $120,519,000 after buying an additional 18,263 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Impinj by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 667,647 shares of the company's stock valued at $116,195,000 after buying an additional 42,792 shares during the period.
Analyst Upgrades and Downgrades
PI has been the topic of a number of research reports. Evercore set a $144.00 target price on shares of Impinj in a research report on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 target price on shares of Impinj in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Impinj from a "sell (d)" rating to a "sell (e+)" rating in a research report on Monday, May 4th. Finally, Roth Mkm dropped their target price on shares of Impinj from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, March 16th. 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $175.00.
View Our Latest Report on Impinj
About Impinj
(
Get Free Report)
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).
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