Universal Beteiligungs und Servicegesellschaft mbH Invests $3.43 Million in Impinj, Inc. (NASDAQ:PI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Impinj, Inc. (NASDAQ:PI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,623 shares of the company's stock, valued at approximately $3,431,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Impinj as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PI. Asset Management One Co. Ltd. grew its stake in shares of Impinj by 85.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,178 shares of the company's stock valued at $174,000 after acquiring an additional 542 shares during the period. TimesSquare Capital Management LLC grew its stake in Impinj by 92.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 140,812 shares of the company's stock valued at $20,454,000 after purchasing an additional 67,510 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Impinj by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 20,825 shares of the company's stock worth $3,025,000 after acquiring an additional 1,363 shares in the last quarter. KBC Group NV boosted its holdings in Impinj by 33.5% in the fourth quarter. KBC Group NV now owns 909 shares of the company's stock worth $132,000 after acquiring an additional 228 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Impinj during the fourth quarter worth about $40,100,000.

Analysts Set New Price Targets

Several analysts recently commented on PI shares. Piper Sandler dropped their price target on Impinj from $140.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald restated an "overweight" rating and set a $133.00 price objective on shares of Impinj in a research report on Thursday, April 24th. Needham & Company LLC dropped their price objective on Impinj from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI raised their price objective on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and a consensus target price of $155.38.

Impinj Price Performance

Shares of NASDAQ PI traded down $2.03 during mid-day trading on Thursday, hitting $115.64. The company had a trading volume of 386,352 shares, compared to its average volume of 596,817. The firm has a market cap of $3.35 billion, a P/E ratio of 85.03 and a beta of 1.64. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88. The business's 50-day simple moving average is $94.33 and its 200-day simple moving average is $118.75.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.12. Impinj had a net margin of 11.15% and a return on equity of 7.11%. The business had revenue of $74.28 million during the quarter, compared to analyst estimates of $71.73 million. During the same quarter last year, the business posted $0.21 earnings per share. Impinj's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

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.