Impinj, Inc. $PI Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Impinj, Inc. by 52.7%, owning 622,183 shares valued at approximately $56.43 million as of the latest SEC filing.
• Impinj reported earnings per share (EPS) of $0.80 for the recent quarter, surpassing analysts' expectations of $0.72, while its revenue was $97.89 million, slightly above the consensus estimate.
• Multiple analysts have raised their price targets for Impinj shares, with Piper Sandler setting a new target of $180.00, indicating strong positive sentiment towards the stock.

Ameriprise Financial Inc. lifted its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 622,183 shares of the company's stock after acquiring an additional 214,792 shares during the quarter. Ameriprise Financial Inc. owned 2.15% of Impinj worth $56,431,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in shares of Impinj by 75.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after acquiring an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Impinj during the 1st quarter worth approximately $43,000. GAMMA Investing LLC lifted its holdings in Impinj by 68.7% during the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company's stock worth $65,000 after buying an additional 294 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Impinj during the 4th quarter worth approximately $156,000. Finally, KBC Group NV lifted its holdings in Impinj by 35.0% during the 1st quarter. KBC Group NV now owns 1,227 shares of the company's stock worth $111,000 after buying an additional 318 shares in the last quarter.

Impinj Trading Up 4.2%

NASDAQ PI opened at $186.37 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The firm's fifty day moving average price is $134.90 and its 200 day moving average price is $109.76. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 18,655.66 and a beta of 1.74. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88.

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

Analysts Set New Price Targets

PI has been the topic of a number of research reports. Piper Sandler increased their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Susquehanna increased their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Needham & Company LLC increased their target price on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald increased their target price on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

About Impinj

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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