Barclays Upgrades Impinj (NASDAQ:PI) to "Strong-Buy"

Key Points

• Barclays has upgraded Impinj (NASDAQ:PI) to a "strong-buy" rating, indicating growing confidence in the company's potential.
• Multiple analysts have raised their price targets for Impinj, with Piper Sandler setting a new objective of $180.00 and Cantor Fitzgerald increasing it to $217.00.
• Impinj's stock has displayed strong price performance, opening at $212.45 with a market capitalization of $6.18 billion, while analysts predict a consensus price target of $179.00.

Impinj (NASDAQ:PI - Get Free Report) was upgraded by equities researchers at Barclays to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

PI has been the topic of a number of other reports. Piper Sandler lifted their price objective on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Susquehanna lifted their price objective on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Cantor Fitzgerald lifted their price objective on Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Impinj in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Impinj presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.00.

Impinj Price Performance

Shares of Impinj stock opened at $212.45 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The business's 50 day simple moving average is $179.27 and its two-hundred day simple moving average is $128.82. The stock has a market capitalization of $6.18 billion, a P/E ratio of 21,266.27 and a beta of 1.83. Impinj has a one year low of $60.85 and a one year high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.08. The business had revenue of $97.89 million for the quarter, compared to analysts' expectations of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Analysts forecast that Impinj will post -0.47 EPS for the current year.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 4,096 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total value of $768,532.48. Following the sale, the chief executive officer directly owned 297,013 shares of the company's stock, valued at approximately $55,728,549.19. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sylebra Capital Llc sold 300,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock worth $63,353,832 over the last 90 days. 12.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Impinj in the second quarter worth $28,000. Harbour Investments Inc. bought a new stake in Impinj in the second quarter worth $33,000. Quaker Wealth Management LLC boosted its holdings in Impinj by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Banque Transatlantique SA bought a new stake in Impinj in the first quarter worth $29,000. Finally, Ameritas Advisory Services LLC bought a new stake in Impinj in the second quarter worth $43,000.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.

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