Baillie Gifford & Co. Invests $17.88 Million in Impinj, Inc. $PI

Key Points

• Baillie Gifford & Co. opened a new position in Impinj, buying 102,753 shares worth about $17.88 million, representing roughly 0.34% of the company.
• Analyst sentiment is mixed: the stock has a consensus rating of "Hold" with an average price target of $167.63, while several firms have recently cut targets or downgraded the name (e.g., Cantor Fitzgerald, Piper Sandler, Zacks).
• Impinj's latest quarter matched EPS expectations at $0.50 and slightly beat revenue estimates at $92.85 million, but the company still shows a negative net margin (-3%) and analysts forecast a full-year EPS decline, with Q1 guidance at $0.08–$0.13.

Baillie Gifford & Co. acquired a new position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,753 shares of the company's stock, valued at approximately $17,880,000. Baillie Gifford & Co. owned about 0.34% of Impinj at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in Impinj during the third quarter worth approximately $27,000. Hantz Financial Services Inc. grew its stake in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company's stock worth $29,000 after purchasing an additional 75 shares during the period. Salomon & Ludwin LLC acquired a new stake in Impinj during the third quarter worth approximately $31,000. Bessemer Group Inc. grew its stake in Impinj by 101.2% during the third quarter. Bessemer Group Inc. now owns 167 shares of the company's stock worth $31,000 after purchasing an additional 84 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after purchasing an additional 140 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PI shares. UBS Group set a $155.00 target price on Impinj in a research note on Friday, February 6th. Cantor Fitzgerald decreased their target price on Impinj from $246.00 to $170.00 and set an "overweight" rating for the company in a research note on Friday, February 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a research note on Thursday, January 22nd. Piper Sandler reaffirmed a "mixed" rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Finally, Zacks Research cut Impinj from a "hold" rating to a "strong sell" rating in a research note on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $167.63.

Impinj Stock Up 3.1%

Shares of NASDAQ:PI opened at $104.71 on Tuesday. The business's 50 day simple moving average is $110.34 and its two-hundred day simple moving average is $153.42. The firm has a market cap of $3.17 billion, a P/E ratio of -268.48 and a beta of 1.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. Impinj, Inc. has a 52-week low of $62.94 and a 52-week high of $247.06.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

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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