Generali Investments Towarzystwo Funduszy Inwestycyjnych Increases Holdings in Impinj, Inc. $PI

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Impinj, Inc. by 28.6% during the 2nd quarter, owning a total of 13,500 shares valued at approximately $1.5 million.
• Several other institutional investors, such as Caitong International Asset Management and Harbour Investments, also acquired new stakes in Impinj during the same period, indicating growing interest in the company.
• Wall Street analysts are bullish on Impinj, with firms including Needham & Company LLC and Cantor Fitzgerald setting target prices ranging from $195.00 to $235.00, indicating confidence in the company's potential for growth.

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 28.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the company's stock after buying an additional 3,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Impinj were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Impinj in the second quarter valued at about $28,000. Harbour Investments Inc. purchased a new stake in shares of Impinj in the 2nd quarter valued at approximately $33,000. Banque Transatlantique SA acquired a new stake in shares of Impinj during the 1st quarter worth approximately $29,000. Ameritas Advisory Services LLC purchased a new stake in shares of Impinj during the 2nd quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after buying an additional 171 shares during the period.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, the chief executive officer directly owned 341,109 shares in the company, valued at $65,595,260.70. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 in the last quarter. 12.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PI. Needham & Company LLC reissued a "buy" rating and set a $195.00 target price on shares of Impinj in a research note on Monday, September 15th. Cantor Fitzgerald boosted their price objective on shares of Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Susquehanna increased their target price on shares of Impinj from $180.00 to $235.00 and gave the stock a "positive" rating in a research note on Wednesday. Zacks Research upgraded shares of Impinj from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, Barclays assumed coverage on shares of Impinj in a report on Tuesday, October 7th. They issued an "overweight" rating and a $200.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $189.43.

Impinj Trading Up 19.3%

PI opened at $241.17 on Friday. The business has a fifty day moving average price of $188.83 and a 200 day moving average price of $137.73. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $244.34. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 24,141.14 and a beta of 1.83.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same quarter last year, the business posted $0.83 EPS. The business's quarterly revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Sell-side analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Impinj Company 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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