207,018 Shares in Impinj, Inc. $PI Bought by AWM Investment Company Inc.

Key Points

• AWM Investment Company purchased 207,018 Impinj shares worth approximately $29.7 million, making up 2.6% of its portfolio and representing about 0.68% of Impinj’s outstanding stock. Several other institutional investors also initiated positions during the second quarter.
• Impinj reported quarterly EPS of $0.86, beating estimates by $0.06, while revenue rose 10.7% year over year to $108.37 million. The stock opened at $166.22, up 3.2%, with a market capitalization of roughly $5.08 billion.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $183.30. Meanwhile, insiders sold 240,657 shares valued at approximately $32.9 million over the past three months.

AWM Investment Company Inc. bought a new position in Impinj, Inc. (NASDAQ:PI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 207,018 shares of the company's stock, valued at approximately $29,651,000. Impinj accounts for about 2.6% of AWM Investment Company Inc.'s holdings, making the stock its 13th biggest holding. AWM Investment Company Inc. owned approximately 0.68% of Impinj as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legal & General Group Plc bought a new position in shares of Impinj during the second quarter valued at approximately $8,934,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Impinj in the 2nd quarter worth approximately $95,867,000. Algert Global LLC purchased a new stake in shares of Impinj in the 2nd quarter worth approximately $1,842,000. Sanctuary Advisors LLC bought a new position in Impinj during the 2nd quarter valued at approximately $257,000. Finally, Polymer Capital Management HK LTD bought a new position in Impinj during the 2nd quarter valued at approximately $2,688,000.

Impinj Stock Up 3.2%

PI stock opened at $166.22 on Wednesday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -180.67 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The business's 50-day moving average is $148.44 and its two-hundred day moving average is $130.80. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Insider Activity

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares in the company, valued at $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Cary Baker sold 1,429 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer directly owned 88,226 shares of the company's stock, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 240,657 shares of company stock valued at $32,875,156 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PI has been the topic of several recent analyst reports. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. UBS Group lifted their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Jefferies Financial Group upped their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Impinj from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Barclays raised their price target on shares of Impinj from $169.00 to $176.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.30.

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).

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