Auxano Advisors LLC Invests $1.22 Million in Impinj, Inc. $PI

Key Points

• Auxano Advisors acquired a new $1.22 million stake in Impinj during the second quarter, purchasing 8,501 shares. Several other institutional investors also initiated or increased positions.
• Impinj beat quarterly expectations, reporting $0.86 EPS and $108.37 million in revenue, with revenue up 10.7% year over year. The company guided for third-quarter 2026 EPS of $0.59–$0.63.
• Insiders sold approximately $32.9 million of stock over the past three months, while analysts maintain a “Moderate Buy” consensus and an average price target of $179.22.

Auxano Advisors LLC acquired a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,501 shares of the company's stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of Impinj during the 1st quarter worth approximately $28,000. Global Retirement Partners LLC acquired a new stake in Impinj in the second quarter valued at $31,000. Danske Bank A S acquired a new stake in Impinj in the fourth quarter valued at $35,000. Advisors Asset Management Inc. grew its position in shares of Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after acquiring an additional 140 shares during the period. Finally, Kelleher Financial Advisors bought a new position in shares of Impinj in the 2nd quarter valued at about $52,000.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cary Baker sold 1,429 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares of the company's stock, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 240,657 shares of company stock worth $32,875,156. Insiders own 6.80% of the company's stock.

Impinj Trading Down 0.5%

Shares of NASDAQ:PI opened at $171.71 on Tuesday. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The business has a 50 day moving average of $144.26 and a 200-day moving average of $130.24. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.25 billion, a PE ratio of -186.64 and a beta of 1.94.

Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PI shares. Needham & Company LLC dropped their target price on shares of Impinj from $175.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. UBS Group upped their price objective on Impinj from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised their price objective on Impinj from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.22.

Impinj Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj's platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj's product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).

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