Impinj, Inc. $PI Shares Purchased by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Impinj, Inc. by 1.1% during the second quarter, owning 740,081 shares valued at approximately $82.2 million.
• Several analysts have set new price targets for Impinj, with Cantor Fitzgerald raising their target from $158 to $217, while Needham & Company maintains a buy rating with a target of $195.
• Impinj CEO Chris Diorio sold 5,000 shares for $961,500, decreasing his ownership by 1.44%, with recent insider trades totaling 324,096 shares sold over the last ninety days.

Chevy Chase Trust Holdings LLC lifted its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 740,081 shares of the company's stock after purchasing an additional 8,126 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 2.55% of Impinj worth $82,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Impinj by 304.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company's stock worth $88,184,000 after buying an additional 731,817 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Impinj by 52.7% during the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock valued at $56,431,000 after purchasing an additional 214,792 shares in the last quarter. Duquesne Family Office LLC purchased a new position in shares of Impinj during the 1st quarter valued at approximately $9,839,000. Nuveen LLC purchased a new position in shares of Impinj during the 1st quarter valued at approximately $7,995,000. Finally, Capital Fund Management S.A. boosted its position in Impinj by 593.7% during the first quarter. Capital Fund Management S.A. now owns 86,010 shares of the company's stock worth $7,801,000 after purchasing an additional 73,612 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on PI shares. Needham & Company LLC reissued a "buy" rating and set a $195.00 target price on shares of Impinj in a research note on Monday, September 15th. Zacks Research raised shares of Impinj from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a "sell (d)" rating on shares of Impinj in a research report on Wednesday, October 8th. Barclays began coverage on shares of Impinj in a research report on Tuesday, October 7th. They set an "overweight" rating and a $200.00 price target on the stock. Finally, Cantor Fitzgerald upped their target price on shares of Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.00.

Insider Buying and Selling

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, the chief executive officer directly owned 341,109 shares of the company's stock, valued at $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the transaction, the insider directly owned 1,829,260 shares of the company's stock, valued at $358,973,982.40. This trade 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 valued at $63,353,832 over the last ninety days. 12.40% of the stock is currently owned by corporate insiders.

Impinj Stock Up 1.2%

PI stock opened at $201.32 on Friday. The company's 50 day moving average price is $183.99 and its 200 day moving average price is $133.23. 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 fifty-two week low of $60.85 and a fifty-two week high of $238.98. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20,152.15 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 for the quarter, topping analysts' consensus estimates 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 net margin of 0.18% and a return on equity of 8.14%. The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, equities research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding PI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Impinj, Inc. (NASDAQ:PI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.