First Trust Advisors LP Sells 42,450 Shares of Impinj, Inc. $PI

Key Points

• First Trust Advisors cut its Impinj stake by 78%, selling 42,450 shares in the first quarter and retaining 11,979 shares valued at approximately $1.23 million. Other institutional investors, including Invesco and State Street, increased their positions.
• Impinj reported quarterly EPS of $0.86 and revenue of $108.37 million, beating analyst expectations, while revenue rose 10.7% year over year. The company provided third-quarter 2026 EPS guidance of $0.59–$0.63.
• Analyst sentiment remains broadly positive, with Impinj carrying a “Moderate Buy” consensus rating and an average price target of $179.22. However, insiders sold 239,228 shares worth about $32.6 million during the last quarter.

First Trust Advisors LP cut its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 78.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,979 shares of the company's stock after selling 42,450 shares during the period. First Trust Advisors LP's holdings in Impinj were worth $1,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PI. Invesco Ltd. grew its position in Impinj by 48.3% in the third 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 in the last quarter. Norges Bank purchased a new stake in Impinj in the fourth quarter worth $55,216,000. State Street Corp lifted its position in shares of Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company's stock worth $222,192,000 after purchasing an additional 124,792 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Impinj by 1,880.0% during the 4th quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company's stock valued at $22,382,000 after buying an additional 122,128 shares in the last quarter. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of Impinj in the third quarter valued at approximately $19,362,000.

Impinj Stock Performance

Shares of PI stock opened at $183.36 on Monday. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06. The business has a 50-day simple moving average of $139.40 and a 200-day simple moving average of $129.63. The stock has a market cap of $5.60 billion, a PE 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 for 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 quarter last year, the company earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, equities analysts expect that Impinj, Inc. will post 0.37 EPS for the current year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the sale, the director directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 239,228 shares of company stock worth $32,610,791 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PI shares. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Barclays raised their price objective on Impinj from $169.00 to $176.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Needham & Company LLC reduced their target price on Impinj from $175.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group raised their price target on Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. 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. Based on data from MarketBeat, Impinj currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.22.

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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