AWM Investment Company Inc. Has $19.79 Million Stock Holdings in Impinj, Inc. $PI

Key Points

• AWM Investment Company Inc. increased its holding in Impinj, Inc. by 23.1%, now owning 218,171 shares, marking it as their 6th largest position.
• Impinj's stock price opened at $185.74 and experienced a 0.9% drop recently, with earnings per share reported at $0.80, surpassing estimates.
• Several analysts have raised their price targets for Impinj, with Piper Sandler adjusting theirs from $140 to $180, indicating a generally positive outlook for the stock.

AWM Investment Company Inc. boosted its position in Impinj, Inc. (NASDAQ:PI - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,171 shares of the company's stock after buying an additional 41,000 shares during the period. Impinj makes up approximately 2.7% of AWM Investment Company Inc.'s investment portfolio, making the stock its 6th largest holding. AWM Investment Company Inc. owned 0.75% of Impinj worth $19,788,000 at the end of the most recent quarter.

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

Insider Activity at Impinj

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $180.64, for a total value of $903,200.00. Following the transaction, the chief executive officer owned 351,109 shares in the company, valued at approximately $63,424,329.76. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 51.00% of the company's stock.

Analyst Upgrades and Downgrades

PI has been the topic of a number of analyst reports. Cantor Fitzgerald increased their price target 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 lifted their target price on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler raised their price target on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Susquehanna raised their price target on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $163.29.

Impinj Trading Up 3.6%

Shares of NASDAQ:PI traded up $6.90 during midday trading on Monday, reaching $197.92. The company's stock had a trading volume of 226,489 shares, compared to its average volume of 623,246. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 19,814.01 and a beta of 1.81. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $239.88. The business has a 50 day moving average price of $146.39 and a 200 day moving average price of $114.01.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The firm had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same quarter in the previous year, the business 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. Research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current 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.