Mackenzie Financial Corp increased its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 330.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,317 shares of the company's stock after purchasing an additional 4,851 shares during the quarter. Mackenzie Financial Corp's holdings in Impinj were worth $918,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors raised its position in shares of Impinj by 45.0% during the 4th quarter. Capital International Investors now owns 1,527,587 shares of the company's stock worth $221,897,000 after acquiring an additional 473,721 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Impinj by 3,824.4% during the 4th quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock worth $63,310,000 after acquiring an additional 424,851 shares in the last quarter. Norges Bank acquired a new stake in shares of Impinj during the 4th quarter worth about $40,100,000. Sylebra Capital LLC raised its position in shares of Impinj by 8.6% during the 4th quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after acquiring an additional 274,764 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Impinj during the 4th quarter worth about $30,697,000.
Impinj Price Performance
Shares of PI traded down $2.03 during trading hours on Thursday, hitting $115.64. 386,352 shares of the company were exchanged, compared to its average volume of 596,817. The company has a market capitalization of $3.35 billion, a PE ratio of 85.03 and a beta of 1.64. The firm has a fifty day simple moving average of $94.33 and a 200-day simple moving average of $118.75. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88.
Impinj (NASDAQ:PI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.09 by $0.12. The business had revenue of $74.28 million during the quarter, compared to analysts' expectations of $71.73 million. Impinj had a return on equity of 7.11% and a net margin of 11.15%. Impinj's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Sell-side analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on PI. Evercore ISI boosted their target price on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Piper Sandler decreased their target price on Impinj from $140.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $133.00 price objective on shares of Impinj in a research report on Thursday, April 24th. Finally, Needham & Company LLC dropped their target price on Impinj from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and a consensus price target of $155.38.
View Our Latest Analysis on PI
Impinj Profile
(
Free Report)
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.
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