Key Points
- Impinj director Miron Washington sold 800 shares at an average price of $173.26, generating $138,608. Following the sale, Washington retained 4,354 shares, a 15.52% reduction in ownership.
- Impinj’s latest quarterly results exceeded expectations, with EPS of $0.86 versus a $0.80 consensus estimate and revenue of $108.37 million, up 10.7% year over year.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $183.30, compared with the stock’s reported opening price of $177.59.
Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Miron Washington sold 800 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the transaction, the director owned 4,354 shares in the company, valued at approximately $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Impinj Trading Up 1.8%
Shares of PI stock opened at $177.59 on Thursday. The company has a 50 day moving average of $160.04 and a 200-day moving average of $136.46. The company has a quick ratio of 2.29, a current ratio of 3.28 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. The firm has a market cap of $5.43 billion, a P/E ratio of -193.03 and a beta of 1.92.
Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating 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 business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. Impinj'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. Sell-side analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.
Institutional Trading of Impinj
Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in shares of Impinj by 15.8% in the 2nd quarter. Tidal Investments LLC now owns 110,251 shares of the company's stock worth $15,791,000 after acquiring an additional 15,046 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Impinj by 120.3% in the 2nd quarter. Squarepoint Ops LLC now owns 116,850 shares of the company's stock worth $16,736,000 after buying an additional 63,798 shares during the period. Arizona State Retirement System raised its holdings in shares of Impinj by 1.6% in the second quarter. Arizona State Retirement System now owns 7,984 shares of the company's stock valued at $1,144,000 after acquiring an additional 128 shares in the last quarter. Nykredit A S bought a new position in Impinj during the 2nd quarter worth about $145,000. Finally, Corient Private Wealth LP increased its position in Impinj by 7.7% during the 2nd quarter. Corient Private Wealth LP now owns 3,868 shares of the company's stock valued at $554,000 after purchasing an additional 276 shares during the period.
Analysts Set New Price Targets
PI has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Needham & Company LLC dropped their price target on Impinj from $175.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group upped their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Weiss Ratings raised Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $183.30.
Read Our Latest Report on Impinj
Impinj Company Profile
(
Get Free Report)
Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company's platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.
Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.
Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.
Further Reading
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