Hsbc Holdings PLC Has $330,000 Holdings in Impinj, Inc. $PI

Key Points

• Hsbc Holdings PLC reduced its stake in Impinj, Inc. by 66.1% in the first quarter, leaving it with 3,656 shares valued at $330,000.
• CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock for approximately $903,200, bringing his total ownership to 351,109 shares.
• Impinj's stock has recently shown a 4.7% increase, with its current price at $194.47 and a market capitalization of $5.66 billion.

Hsbc Holdings PLC reduced its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 66.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,656 shares of the company's stock after selling 7,130 shares during the quarter. Hsbc Holdings PLC's holdings in Impinj were worth $330,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of Impinj by 6.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock worth $238,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc raised its position in Impinj by 7.2% during the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock valued at $203,000 after purchasing an additional 150 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after buying an additional 171 shares during the period. CWM LLC increased its holdings in Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock worth $528,000 after purchasing an additional 185 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Impinj by 19.7% during the 4th quarter. EP Wealth Advisors LLC now owns 1,623 shares of the company's stock valued at $236,000 after purchasing an additional 267 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC increased their price objective on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna lifted their target price on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler lifted their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Impinj currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $180.64, for a total value of $903,200.00. Following the completion of the transaction, the chief executive officer directly owned 351,109 shares of the company's stock, valued at $63,424,329.76. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 51.00% of the company's stock.

Impinj Stock Performance

Shares of Impinj stock traded up $7.13 during trading on Monday, reaching $198.15. The company's stock had a trading volume of 341,840 shares, compared to its average volume of 623,857. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 19,792.79 and a beta of 1.81. The business's fifty day moving average price is $146.39 and its 200-day moving average price is $114.01. 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 (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same quarter last year, the business posted $0.83 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current year.

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.