Aberdeen Group plc Purchases 11,767 Shares of 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% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,117 shares of the company's stock after purchasing an additional 11,767 shares during the quarter. Aberdeen Group plc owned about 0.07% of Impinj worth $1,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PI. Mercer Global Advisors Inc. ADV raised its stake in Impinj by 6.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock valued at $238,000 after buying an additional 106 shares during the last quarter. Versant Capital Management Inc raised its stake in Impinj by 7.2% during the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock valued at $203,000 after buying an additional 150 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after buying an additional 171 shares during the last quarter. CWM LLC raised its stake in Impinj by 3.3% during the first quarter. CWM LLC now owns 5,818 shares of the company's stock valued at $528,000 after buying an additional 185 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Impinj during the fourth quarter valued at $29,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PI. Piper Sandler lifted their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Susquehanna boosted 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. Evercore ISI boosted their price target on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Needham & Company LLC boosted their price target on Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald boosted 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 data from MarketBeat, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj Stock Up 2.1%

PI stock opened at $168.21 on Friday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 16,837.84 and a beta of 1.74. 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, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The business has a fifty day moving average price of $128.90 and a 200-day moving average price of $108.03.

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

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