7,300 Shares in Impinj, Inc. $PI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 7,300 shares of Impinj, Inc. valued at approximately $811,000, marking a new investment position during the second quarter.
• Impinj reported $0.80 EPS for the last quarter, surpassing expectations, with revenue of $97.89 million, even though it reflects a 4.5% decline year-over-year.
• Several analysts have raised their price targets for Impinj, with Cantor Fitzgerald increasing it from $158.00 to $217.00 and Piper Sandler raising it to $230.00, indicating strong momentum in analyst sentiment.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Impinj, Inc. (NASDAQ:PI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,300 shares of the company's stock, valued at approximately $811,000.

Several other large investors have also recently bought and sold shares of PI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Impinj by 304.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company's stock valued at $88,184,000 after buying an additional 731,817 shares during the period. Ameriprise Financial Inc. increased its stake in Impinj by 52.7% during the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock valued at $56,431,000 after buying an additional 214,792 shares during the period. Duquesne Family Office LLC acquired a new position in Impinj during the 1st quarter valued at about $9,839,000. Nuveen LLC acquired a new position in Impinj during the 1st quarter valued at about $7,995,000. Finally, Capital Fund Management S.A. increased its stake in Impinj by 593.7% during the 1st quarter. Capital Fund Management S.A. now owns 86,010 shares of the company's stock valued at $7,801,000 after buying an additional 73,612 shares during the period.

Impinj Stock Performance

Shares of PI opened at $241.17 on Friday. Impinj, Inc. has a one year low of $60.85 and a one year high of $244.34. The company has a 50-day moving average of $188.83 and a two-hundred day moving average of $137.73. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 24,141.14 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44.

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

Analyst Ratings Changes

Several equities analysts have commented on PI shares. Cantor Fitzgerald raised their target price on shares of Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Piper Sandler raised their target price on shares of Impinj from $180.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Impinj in a research report on Monday, September 15th. Barclays initiated coverage on shares of Impinj in a research report on Tuesday, October 7th. They set an "overweight" rating and a $200.00 price objective for the company. Finally, Susquehanna raised their price objective on shares of Impinj from $180.00 to $235.00 and gave the company a "positive" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $189.43.

Insider Activity

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the completion of the sale, the chief executive officer directly owned 341,109 shares in the company, valued at approximately $65,595,260.70. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the sale, the insider owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 324,096 shares of company stock valued at $63,353,832. Corporate insiders own 12.40% of the company's stock.

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.

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