AWM Investment Company Inc. Sells 29,829 Shares of Impinj, Inc. (NASDAQ:PI)

AWM Investment Company Inc. decreased its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,171 shares of the company's stock after selling 29,829 shares during the quarter. Impinj comprises about 3.1% of AWM Investment Company Inc.'s investment portfolio, making the stock its 5th biggest holding. AWM Investment Company Inc. owned about 0.63% of Impinj worth $25,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Impinj by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company's stock valued at $500,009,000 after buying an additional 104,861 shares during the period. Capital International Investors boosted its position in Impinj by 45.0% in the fourth quarter. Capital International Investors now owns 1,527,587 shares of the company's stock worth $221,897,000 after purchasing an additional 473,721 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Impinj by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 546,823 shares of the company's stock valued at $79,654,000 after purchasing an additional 3,899 shares during the period. Janus Henderson Group PLC increased its position in shares of Impinj by 3,824.4% during the 4th quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock valued at $63,310,000 after purchasing an additional 424,851 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Impinj by 3.4% in the 4th quarter. Ameriprise Financial Inc. now owns 407,391 shares of the company's stock worth $59,178,000 after purchasing an additional 13,264 shares during the period.

Impinj Price Performance

Shares of PI stock traded down $3.21 during mid-day trading on Monday, hitting $112.00. The stock had a trading volume of 415,353 shares, compared to its average volume of 596,302. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $239.88. The firm's 50-day moving average is $90.43 and its two-hundred day moving average is $121.91. The firm has a market capitalization of $3.25 billion, a P/E ratio of 82.35 and a beta of 1.64.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.12. The business had revenue of $74.28 million for the quarter, compared to the consensus estimate of $71.73 million. Impinj had a return on equity of 7.11% and a net margin of 11.15%. The business's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PI. Cantor Fitzgerald restated an "overweight" rating and set a $133.00 target price on shares of Impinj in a research report on Thursday, April 24th. Needham & Company LLC dropped their price target on shares of Impinj from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Evercore ISI raised their price objective on shares of Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their price objective on Impinj from $140.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Impinj presently has a consensus rating of "Moderate Buy" and an average target price of $155.38.

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.