California State Teachers Retirement System Increases Position in Impinj, Inc. $PI

Key Points

• California State Teachers Retirement System increased its Impinj stake by 29.3% in the first quarter, purchasing 7,678 additional shares and bringing its holdings to 33,902 shares valued at approximately $3.48 million.
• Analysts maintain a generally positive outlook, with Impinj receiving a consensus “Moderate Buy” rating and an average price target of $179.22. Recent targets range from $144 to $200.
• Impinj exceeded quarterly expectations, reporting $0.86 in EPS versus $0.80 expected and $108.37 million in revenue, up 10.7% year over year. However, insiders sold approximately $32.6 million of stock during the last quarter, while the company continues to report a negative net margin.

California State Teachers Retirement System increased its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 29.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,902 shares of the company's stock after purchasing an additional 7,678 shares during the period. California State Teachers Retirement System owned 0.11% of Impinj worth $3,482,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PI. Danske Bank A S bought a new position in Impinj in the 4th quarter worth $35,000. Daiwa Securities Group Inc. raised its holdings in Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company's stock valued at $59,000 after acquiring an additional 100 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj in the fourth quarter valued at about $60,000. Larson Financial Group LLC lifted its position in shares of Impinj by 7,100.0% in the fourth quarter. Larson Financial Group LLC now owns 360 shares of the company's stock valued at $63,000 after acquiring an additional 355 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Impinj in the third quarter worth about $66,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PI. UBS Group increased their target price on Impinj from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a report on Thursday, April 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Needham & Company LLC dropped their price target on Impinj from $175.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Barclays increased their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an "overweight" rating in a report on Friday, May 1st. One 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 company's stock. According to data from MarketBeat.com, Impinj currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.22.

Impinj Price Performance

Impinj stock opened at $183.36 on Friday. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06. 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 firm's fifty day moving average is $139.40 and its 200 day moving average is $129.86. The company has a market cap of $5.60 billion, a price-to-earnings ratio of -199.30 and a beta of 1.94.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to analysts' expectations of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business's revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts forecast that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the sale, the director directly owned 782,943 shares of the company's stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 239,228 shares of company stock worth $32,610,791 over the last quarter. Insiders own 6.80% of the company's stock.

About Impinj

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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