Ion Asset Management Ltd. Makes New $5.37 Million Investment in Impinj, Inc. $PI

Key Points

• Ion Asset Management Ltd. purchased 59,200 shares of Impinj, Inc., valued at approximately $5.37 million, making it the 25th largest holding in their investment portfolio.
• Impinj reported a net margin of 0.18% and a quarterly revenue of $97.89 million, which was above the analyst consensus estimate of $93.78 million, despite a year-over-year decline of 4.5% in revenue.
• Multiple analysts have raised their price targets for Impinj, with a consensus rating of "Moderate Buy" and an average target price of $163.29 from six analysts.

Ion Asset Management Ltd. purchased a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 59,200 shares of the company's stock, valued at approximately $5,369,000. Impinj accounts for about 0.3% of Ion Asset Management Ltd.'s holdings, making the stock its 25th biggest holding. Ion Asset Management Ltd. owned 0.20% of Impinj as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PI. Janus Henderson Group PLC increased its holdings in shares of Impinj by 3,824.4% during the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock valued at $63,310,000 after acquiring an additional 424,851 shares in the last quarter. Sylebra Capital LLC grew its holdings in Impinj by 8.6% during the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after buying an additional 274,764 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Impinj by 52.7% during the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock worth $56,431,000 after buying an additional 214,792 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Impinj during the fourth quarter worth $30,697,000. Finally, Driehaus Capital Management LLC grew its holdings in Impinj by 176.0% during the fourth quarter. Driehaus Capital Management LLC now owns 213,714 shares of the company's stock worth $31,044,000 after buying an additional 136,277 shares in the last quarter.

Impinj Price Performance

NASDAQ:PI traded up $9.76 during mid-day trading on Monday, reaching $200.78. The stock had a trading volume of 750,437 shares, compared to its average volume of 439,997. The firm has a 50 day moving average price of $148.18 and a two-hundred day moving average price of $114.74. The stock has a market capitalization of $5.84 billion, a P/E ratio of 20,098.10 and a beta of 1.81. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.08. The company had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.Impinj's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $180.64, for a total value of $903,200.00. Following the transaction, the chief executive officer directly owned 351,109 shares of the company's stock, valued at $63,424,329.76. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 51.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PI. Needham & Company LLC upped their price objective on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna increased their price target on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Piper Sandler increased their price target on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald increased their price target on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $163.29.

Impinj 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.