K.J. Harrison & Partners Inc Acquires New Position in Impinj, Inc. $PI

Key Points

• K.J. Harrison & Partners acquired 16,000 Impinj shares worth approximately $2.29 million, while several other institutional investors also increased their positions.
• Analysts remain broadly positive, with Impinj carrying a “Moderate Buy” consensus rating and an average price target of $179.22; recent targets range as high as $200.
• Impinj beat quarterly expectations, reporting $0.86 in adjusted earnings per share and $108.37 million in revenue, up 10.7% year over year. However, insiders sold a combined 240,657 shares valued at about $32.9 million during the last quarter.

K.J. Harrison & Partners Inc acquired a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,000 shares of the company's stock, valued at approximately $2,292,000. K.J. Harrison & Partners Inc owned about 0.05% of Impinj as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its stake in shares of Impinj by 63.5% in the fourth quarter. Intech Investment Management LLC now owns 18,532 shares of the company's stock valued at $3,225,000 after buying an additional 7,194 shares in the last quarter. Janus Henderson Group PLC grew its position in Impinj by 40.1% in the 1st quarter. Janus Henderson Group PLC now owns 28,014 shares of the company's stock valued at $2,877,000 after acquiring an additional 8,023 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company's stock worth $43,745,000 after purchasing an additional 409,182 shares during the period. Stephens Investment Management Group LLC increased its stake in Impinj by 36.4% during the first quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company's stock worth $8,168,000 after purchasing an additional 21,205 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Impinj by 4,821.8% during the first quarter. Fifth Third Bancorp now owns 8,564 shares of the company's stock worth $880,000 after purchasing an additional 8,390 shares in the last quarter.

Analyst Ratings Changes

PI has been the subject of several recent research reports. Barclays raised their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. UBS Group increased their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upped their price objective on Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $179.22.

Impinj Stock Performance

Shares of PI opened at $171.71 on Tuesday. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The stock has a market capitalization of $5.25 billion, a PE ratio of -186.64 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The stock has a 50-day simple moving average of $144.26 and a 200-day simple moving average of $130.24.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The firm had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts predict that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other news, Director Sylebra Capital Llc sold 48,504 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the sale, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 1,429 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 240,657 shares of company stock valued at $32,875,156 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Impinj Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj's platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj's product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).

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