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

Key Points

• California State Teachers Retirement System dramatically increased its Impinj stake by 14,407.2% in the second quarter, acquiring 4.88 million additional shares. It now owns approximately 16.1% of the company, valued at about $704.4 million.
• Impinj reported quarterly EPS of $0.86 and revenue of $108.37 million, exceeding analyst estimates of $0.80 EPS and $104.60 million revenue. Revenue rose 10.7% year over year, though the company posted a negative net margin of 7.26%.
• Analyst sentiment remains favorable, with seven Buy ratings, three Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $183.30. Shares recently opened at $176.82, while CFO Cary Baker sold shares under a pre-arranged trading plan.

California State Teachers Retirement System boosted its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 14,407.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,918,232 shares of the company's stock after buying an additional 4,884,330 shares during the period. California State Teachers Retirement System owned approximately 16.10% of Impinj worth $704,438,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. TOP Private Wealth LLC. bought a new position in Impinj during the second quarter valued at $25,000. Western Wealth Management LLC bought a new stake in Impinj in the first quarter worth about $28,000. Global Retirement Partners LLC purchased a new position in shares of Impinj during the second quarter valued at approximately $31,000. Bamco Inc. NY purchased a new stake in shares of Impinj in the second quarter worth approximately $45,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after buying an additional 140 shares during the period.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $176.82 on Monday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of -192.20 and a beta of 1.92. 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 has a 50 day moving average of $158.13 and a 200 day moving average of $135.38. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06.

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

Analyst Ratings Changes

Several brokerages have commented on PI. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of Impinj in a research report on Thursday, July 30th. BMO Capital Markets began coverage on shares of Impinj in a research note on Thursday, August 20th. They set an "outperform" rating and a $220.00 target price for the company. Needham & Company LLC cut their price target 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. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Zacks Research lowered shares of Impinj from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Impinj currently has an average rating of "Moderate Buy" and a consensus target price of $183.30.

Insider Buying and Selling at Impinj

In related news, CFO Cary Baker sold 1,429 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company's stock, valued at $16,321,810. This represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is owned by company insiders.

Impinj Profile

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company's platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.

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