Algert Global LLC Has $1.71 Million Holdings in Impinj, Inc. $PI

Key Points

• Algert Global LLC reduced its holdings in Impinj, Inc. by 11.6%, selling 2,470 shares, while still owning 18,832 shares valued at approximately $1.7 million.
• Several hedge funds increased their stakes, with Janus Henderson Group PLC boosting its position by an impressive 3,824.4% during the fourth quarter, amounting to about $63.3 million.
• Analysts have shown positive sentiments, with multiple upgrades to Impinj's price targets, now averaging $163.29, and a consensus rating of "Moderate Buy".

Algert Global LLC lessened its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 11.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,832 shares of the company's stock after selling 2,470 shares during the period. Algert Global LLC owned 0.06% of Impinj worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PI. Guggenheim Capital LLC raised its stake in Impinj by 7.6% in the 4th quarter. Guggenheim Capital LLC now owns 6,087 shares of the company's stock valued at $884,000 after acquiring an additional 429 shares during the period. Marshall Wace LLP bought a new position in Impinj during the 4th quarter worth $1,682,000. Canada Pension Plan Investment Board bought a new position in Impinj during the 4th quarter worth $29,000. MetLife Investment Management LLC increased its position in Impinj by 7.3% during the 4th quarter. MetLife Investment Management LLC now owns 13,878 shares of the company's stock worth $2,016,000 after buying an additional 946 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Impinj by 94.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 7,600 shares of the company's stock worth $1,104,000 after buying an additional 3,694 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on PI. Needham & Company LLC increased their price objective on Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Cantor Fitzgerald increased their price objective on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Susquehanna increased their price objective on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler increased their price objective on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj Price Performance

Shares of NASDAQ PI traded up $7.51 during mid-day trading on Wednesday, reaching $186.37. The company had a trading volume of 860,024 shares, compared to its average volume of 591,136. 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, Inc. has a one year low of $60.85 and a one year high of $239.88. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 18,655.66 and a beta of 1.74. The business's 50-day simple moving average is $134.90 and its 200 day simple moving average is $109.76.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 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 business had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company's revenue 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, research analysts predict 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.