Universal Beteiligungs und Servicegesellschaft mbH Has $207,000 Stock Holdings in Impinj, Inc. (NASDAQ:PI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in Impinj, Inc. by 90.3%, selling 21,338 shares in the first quarter and holding only 2,285 shares worth approximately $207,000.
• Analysts have a consensus rating of "Moderate Buy" for Impinj's stock, with a price target average of $163.29, with several analysts recently raising their target prices.
• Impinj reported earnings of $0.80 per share for the recent quarter, exceeding expectations, despite a 4.5% decline in revenue year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 90.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,285 shares of the company's stock after selling 21,338 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Impinj were worth $207,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in shares of Impinj by 14.5% during the 1st quarter. Jennison Associates LLC now owns 253,897 shares of the company's stock valued at $23,028,000 after acquiring an additional 32,109 shares during the last quarter. SBI Securities Co. Ltd. lifted 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 worth $36,000 after purchasing an additional 171 shares during the last quarter. Peregrine Investment Management Inc. boosted its stake in Impinj by 126.5% during the 1st quarter. Peregrine Investment Management Inc. now owns 58,890 shares of the company's stock valued at $5,341,000 after purchasing an additional 32,890 shares during the period. CWM LLC grew its holdings in Impinj by 3.3% in the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock valued at $528,000 after buying an additional 185 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in Impinj by 20.4% in the 1st quarter. Emerald Advisers LLC now owns 152,149 shares of the company's stock worth $13,800,000 after buying an additional 25,742 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Needham & Company LLC lifted their price target on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Piper Sandler boosted their price target on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald increased their price objective on shares of Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Susquehanna lifted their target price on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Impinj has an average rating of "Moderate Buy" and an average price target of $163.29.

Impinj Stock Down 3.2%

Impinj stock traded down $5.11 during mid-day trading on Friday, reaching $152.67. The company's stock had a trading volume of 108,869 shares, compared to its average volume of 644,870. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88. The business's 50 day simple moving average is $119.24 and its 200 day simple moving average is $105.90. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 15,281.58 and a beta of 1.74.

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