Impinj, Inc. $PI Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its Impinj stake by 15.8% in the second quarter, adding 15,046 shares for a total of 110,251 shares valued at approximately $15.8 million.
• Other major institutions also expanded their positions, including California State Teachers Retirement System, which boosted its holdings by more than 14,000%, and BlackRock, which initiated a new position.
• Impinj exceeded quarterly expectations with $0.86 EPS and $108.37 million in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $183.30.

Tidal Investments LLC grew its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,251 shares of the company's stock after purchasing an additional 15,046 shares during the period. Tidal Investments LLC owned about 0.36% of Impinj worth $15,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PI. California State Teachers Retirement System boosted its holdings in Impinj by 14,407.2% during the second quarter. California State Teachers Retirement System now owns 4,918,232 shares of the company's stock worth $704,438,000 after buying an additional 4,884,330 shares in the last quarter. BlackRock Inc. purchased a new position in Impinj in the second quarter valued at $637,286,000. Invesco Ltd. increased its holdings in Impinj by 6.5% in the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company's stock valued at $224,104,000 after buying an additional 78,587 shares in the last quarter. State Street Corp raised its position in shares of Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company's stock worth $222,192,000 after acquiring an additional 124,792 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Impinj by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company's stock worth $120,519,000 after acquiring an additional 18,263 shares in the last quarter.

Insider Activity

In related news, CFO Cary Baker sold 1,429 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer directly owned 88,226 shares in the company, valued at approximately $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is owned by corporate insiders.

Impinj Stock Up 4.3%

PI opened at $171.79 on Friday. The company has a market cap of $5.25 billion, a PE ratio of -186.73 and a beta of 1.92. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a 50-day moving average price of $157.42 and a 200 day moving average price of $134.97. 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 (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million for the quarter, compared to analysts' expectations of $104.60 million. During the same period in the previous year, the firm posted $0.80 EPS. Impinj's revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PI. Jefferies Financial Group raised their target price on Impinj from $175.00 to $190.00 and gave the company a "buy" rating 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 report on Thursday, July 30th. Wall Street Zen raised Impinj from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. BMO Capital Markets assumed coverage on Impinj in a research report on Thursday, August 20th. They issued an "outperform" rating and a $220.00 price objective for the company. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and a consensus price target of $183.30.

Impinj Company Profile

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.