MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Impinj, Inc. $PI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Impinj, Inc. by 15.4% during the first quarter, amounting to 50,484 shares worth approximately $4.58 million.
• Impinj's CEO, Chris Ph.D. Diorio, sold 5,000 shares for about $961,500 on September 8th, reducing his ownership by 1.44% to 341,109 shares.
• Analysts have raised Impinj's price targets significantly, with Cantor Fitzgerald boosting it from $133 to $158 and Piper Sandler from $140 to $180, indicating a strong market outlook with a consensus rating of "Moderate Buy."

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,484 shares of the company's stock after acquiring an additional 6,748 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of Impinj worth $4,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Impinj during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. increased its holdings in shares of Impinj by 75.3% during the 1st 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 last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Impinj during the 1st quarter worth approximately $43,000. Advisors Asset Management Inc. increased its holdings in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after buying an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 buying an additional 294 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PI shares. Cantor Fitzgerald increased their price objective on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler increased their price objective on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Impinj in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and an average target price of $167.57.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Monday, September 8th. The stock was sold at an average price of $192.30, for a total transaction of $961,500.00. Following the sale, the chief executive officer directly owned 341,109 shares of the company's stock, valued at approximately $65,595,260.70. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,000 shares of company stock valued at $61,675,650 in the last three months. 51.00% of the stock is currently owned by corporate insiders.

Impinj Stock Up 6.7%

PI stock traded up $12.05 during midday trading on Monday, hitting $190.81. The company's stock had a trading volume of 867,659 shares, compared to its average volume of 629,214. 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 52-week low of $60.85 and a 52-week high of $239.88. The firm has a market capitalization of $5.55 billion, a P/E ratio of 19,100.10 and a beta of 1.81. The firm has a 50-day simple moving average of $153.99 and a 200-day simple moving average of $117.34.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, beating 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 company had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same quarter last year, the company 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 analysts forecast that Impinj, Inc. will post -0.47 EPS 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.