Raymond James Financial Inc. Trims Position in Impinj, Inc. $PI

Key Points

• Raymond James Financial Inc. decreased its holdings in Impinj, Inc. by 21.5%, now owning 149,637 shares worth approximately $13.57 million.
• Impinj's stock received favorable ratings from several analysts, with target price upgrades from $130.00 to $180.00 and a consensus rating of "Moderate Buy."
• CEO Chris Ph.D. Diorio sold 5,000 shares at an average price of $187.79, decreasing his ownership by 1.37% yet still holding over 361,000 shares valued at around $67.81 million.

Raymond James Financial Inc. lowered its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,637 shares of the company's stock after selling 41,048 shares during the quarter. Raymond James Financial Inc. owned approximately 0.52% of Impinj worth $13,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its stake in 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 purchasing an additional 171 shares during the period. GAMMA Investing LLC boosted its position in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company's stock worth $65,000 after acquiring an additional 294 shares during the last quarter. KBC Group NV boosted its position in shares of Impinj by 35.0% during the first quarter. KBC Group NV now owns 1,227 shares of the company's stock worth $111,000 after acquiring an additional 318 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Impinj in the 1st quarter valued at $118,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in Impinj in the 1st quarter valued at $149,000.

Insider Transactions at Impinj

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $187.79, for a total transaction of $938,950.00. Following the completion of the transaction, the chief executive officer owned 361,109 shares in the company, valued at $67,812,659.11. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Impinj Trading Up 1.7%

Shares of PI stock traded up $3.20 during trading hours on Wednesday, reaching $188.94. 474,129 shares of the stock were exchanged, compared to its average volume of 621,016. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 18,937.44 and a beta of 1.81. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $239.88. The company's 50-day moving average price is $141.48 and its 200-day moving average price is $112.11. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $93.78 million. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's quarterly 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 analysts anticipate 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.