Impinj, Inc. $PI Shares Acquired by Truist Financial Corp

Key Points

• Truist Financial Corp has significantly increased its ownership in Impinj, Inc. by 71.1%, now holding 9,065 shares valued at over $1 million.
• Insider activity shows CEO Chris Diorio sold 4,096 shares for approximately $768,532, reducing his ownership by 1.36%, while other insiders collectively sold over 324,096 shares worth $63 million in recent months.
• Impinj's stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price set at $179.00, following recent positive revenue and earnings reports.

Truist Financial Corp lifted its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 71.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,065 shares of the company's stock after purchasing an additional 3,768 shares during the quarter. Truist Financial Corp's holdings in Impinj were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Banque Transatlantique SA acquired a new stake in Impinj in the first quarter valued at $29,000. SBI Securities Co. Ltd. grew its stake in Impinj by 75.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after acquiring an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Impinj in the 1st quarter valued at about $43,000. Advisors Asset Management Inc. grew its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after acquiring an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Impinj by 68.7% in the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company's stock valued at $65,000 after acquiring an additional 294 shares during the last quarter.

Insider Activity at Impinj

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the sale, the chief executive officer directly owned 297,013 shares of the company's stock, valued at approximately $55,728,549.19. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 in the company, valued at $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 324,096 shares of company stock worth $63,353,832 over the last three months. Corporate insiders own 51.00% of the company's stock.

Impinj Price Performance

PI opened at $196.56 on Tuesday. The company's 50 day simple moving average is $181.64 and its 200 day simple moving average is $131.54. 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 1 year low of $60.85 and a 1 year high of $239.88. The stock has a market capitalization of $5.72 billion, a PE ratio of 19,675.68 and a beta of 1.83.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler increased their price objective on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Zacks Research raised shares of Impinj from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Impinj in a research note on Monday, September 15th. Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.00.

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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