Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 37,970 Impinj, Inc. $PI

Key Points

• Mitsubishi UFJ Asset Management acquired 37,970 Impinj shares worth approximately $5.44 million, representing about 0.12% of the company.
• Analysts maintain a generally positive outlook, with Impinj receiving a consensus rating of “Moderate Buy” and an average price target of $183.30.
• Impinj exceeded quarterly earnings and revenue expectations, reporting $0.86 EPS and $108.37 million in revenue, while the stock opened at $165.54 and has risen 3.6%.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 37,970 shares of the company's stock, valued at approximately $5,438,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of Impinj as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PI. Global Retirement Partners LLC acquired a new stake in Impinj in the second quarter valued at about $31,000. Bank of New York Mellon Corp acquired a new position in Impinj during the second quarter worth about $23,191,000. Kelleher Financial Advisors bought a new position in shares of Impinj in the second quarter worth about $52,000. Pacific Sage Partners LLC acquired a new stake in shares of Impinj in the 2nd quarter valued at approximately $314,000. Finally, SFE Investment Counsel bought a new stake in shares of Impinj during the 2nd quarter valued at approximately $461,000.

Wall Street Analysts Forecast Growth

PI has been the subject of several research reports. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Zacks Research upgraded Impinj from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. BMO Capital Markets assumed coverage on Impinj in a report on Thursday. They set an "outperform" rating and a $220.00 price objective on the stock. Weiss Ratings raised Impinj from a "sell (e+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Finally, Needham & Company LLC cut their price target on Impinj from $175.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $183.30.

Impinj Trading Up 3.6%

NASDAQ PI opened at $165.54 on Friday. The firm has a market capitalization of $5.06 billion, a PE ratio of -179.93 and a beta of 1.94. The business's 50-day moving average price is $147.22 and its two-hundred day moving average price is $130.80. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06.

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

Insider Activity at Impinj

In other news, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the sale, the director directly owned 973,667 shares in the company, valued at $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company's stock, valued at $16,321,810. This represents a 1.59% decrease in their position. 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. In the last 90 days, insiders have sold 240,657 shares of company stock valued at $32,875,156. Company insiders own 6.80% of the company's stock.

Impinj Company 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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