Deutsche Bank AG purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 104,061 shares of the company's stock, valued at approximately $14,905,000. Deutsche Bank AG owned 0.34% of Impinj as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PI. The Manufacturers Life Insurance Company increased its holdings in Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company's stock valued at $43,745,000 after buying an additional 409,182 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company's stock worth $218,580,000 after acquiring an additional 393,685 shares during the last quarter. Norges Bank purchased a new position in shares of Impinj during the 4th quarter worth $55,216,000. Bank of New York Mellon Corp bought a new stake in shares of Impinj during the 2nd quarter valued at $23,191,000. Finally, State Street Corp grew its position in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company's stock valued at $222,192,000 after acquiring an additional 124,792 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of Impinj in a report on Thursday, July 30th. UBS Group boosted their price target on Impinj from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. BMO Capital Markets began coverage on Impinj in a research note on Thursday. They issued an "outperform" rating and a $220.00 price objective on the stock. Finally, Weiss Ratings raised Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.30.
Get Our Latest Analysis on PI
Impinj Stock Up 3.6%
PI opened at $165.54 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The firm's fifty day moving average is $147.22 and its 200 day moving average is $130.80. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -179.93 and a beta of 1.94.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.Impinj's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, sell-side analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.
Insider Transactions at Impinj
In related news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the sale, the director owned 973,667 shares of the company's stock, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 1,429 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at approximately $16,321,810. This represents 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. In the last ninety days, insiders sold 240,657 shares of company stock valued at $32,875,156. Corporate insiders own 6.80% of the company's stock.
Impinj Company Profile
(
Free Report)
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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