Cetera Investment Advisers Has $523,000 Stock Holdings in Impinj, Inc. (NASDAQ:PI)

Key Points

• Cetera Investment Advisers increased its stake in Impinj, Inc. by 254.3%, now owning 5,761 shares valued at approximately $523,000.
• Impinj's most recent earnings report showed an EPS of $0.80, surpassing expectations, although revenue fell by 4.5% year-over-year.
• Analysts have recently boosted Impinj's price targets, with Piper Sandler raising theirs from $140.00 to $180.00, reflecting growing confidence in the stock's performance.

Cetera Investment Advisers increased its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 254.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,761 shares of the company's stock after purchasing an additional 4,135 shares during the period. Cetera Investment Advisers' holdings in Impinj were worth $523,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PI. Cambridge Investment Research Advisors Inc. increased its stake in Impinj by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company's stock valued at $741,000 after acquiring an additional 535 shares during the period. KBC Group NV increased its stake in Impinj by 35.0% during the first quarter. KBC Group NV now owns 1,227 shares of the company's stock valued at $111,000 after acquiring an additional 318 shares during the period. GAMMA Investing LLC increased its stake in Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company's stock valued at $65,000 after acquiring an additional 294 shares during the period. Bank of Montreal Can increased its stake in Impinj by 10.3% during the fourth quarter. Bank of Montreal Can now owns 2,781 shares of the company's stock valued at $404,000 after acquiring an additional 260 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Impinj by 46.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company's stock valued at $280,000 after acquiring an additional 975 shares during the period.

Impinj Price Performance

NASDAQ:PI opened at $161.77 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The stock's 50-day simple moving average is $124.65 and its 200 day simple moving average is $106.78. The company has a market cap of $4.71 billion, a P/E ratio of 16,193.19 and a beta of 1.74. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%. The company had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business's revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PI. Piper Sandler increased their price target on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC increased their price target 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 target 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 target on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Evercore ISI increased their price target on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj 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.

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