Aberdeen Group plc Has $1.82 Million Stock Holdings in Impinj, Inc. $PI

Key Points

• Aberdeen Group plc significantly increased its stake in Impinj, Inc., purchasing an additional 11,767 shares during the 1st quarter, raising its ownership to 20,117 shares valued at approximately $1.82 million.
• Several other institutional investors, including Mercer Global Advisors and Versant Capital Management, also enhanced their positions in Impinj, indicating growing confidence in the stock.
• Wall Street analysts are optimistic about Impinj's stock performance, with multiple brokerages raising their price targets significantly, suggesting a consensus price target of $163.29 and a majority rating of "Moderate Buy."

Aberdeen Group plc lifted its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 140.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,117 shares of the company's stock after acquiring an additional 11,767 shares during the period. Aberdeen Group plc owned approximately 0.07% of Impinj worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential PLC lifted its holdings in shares of Impinj by 14.1% during the 1st quarter. Prudential PLC now owns 3,706 shares of the company's stock worth $336,000 after acquiring an additional 458 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Impinj during the 1st quarter worth approximately $149,000. HighTower Advisors LLC lifted its holdings in shares of Impinj by 17.2% during the 1st quarter. HighTower Advisors LLC now owns 4,934 shares of the company's stock worth $448,000 after acquiring an additional 723 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Impinj by 28.5% during the 1st quarter. Public Sector Pension Investment Board now owns 73,300 shares of the company's stock worth $6,648,000 after acquiring an additional 16,256 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Impinj during the 1st quarter worth approximately $7,995,000.

Impinj Trading Up 4.2%

Shares of PI stock traded up $7.51 during trading hours on Wednesday, hitting $186.37. 860,024 shares of the company's stock traded hands, compared to its average volume of 591,136. The stock's 50 day simple moving average is $134.90 and its 200 day simple moving average is $109.76. The stock has a market cap of $5.42 billion, a PE ratio of 18,655.66 and a beta of 1.74. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same quarter last year, the firm earned $0.83 earnings per share. The company'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, sell-side analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

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