Nuveen LLC Takes $8 Million Position in Impinj, Inc. $PI

Key Points

• Nuveen LLC has acquired a new stake in Impinj, Inc. valued at approximately $8 million, purchasing 88,144 shares.
• Analysts have raised their price targets for Impinj, with Needham & Company setting their target at $165, and Piper Sandler at $180, reflecting a strong buy sentiment.
• Impinj's stock recently opened at $176.82, with reported earnings that exceeded analyst expectations, although quarterly revenue declined 4.5% compared to the previous year.

Nuveen LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 88,144 shares of the company's stock, valued at approximately $7,995,000. Nuveen LLC owned 0.30% of Impinj at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in Impinj during the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. boosted its holdings in shares of Impinj by 75.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Impinj by 68.7% in 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 in the 4th quarter worth approximately $156,000. Finally, KBC Group NV boosted its holdings in shares of Impinj by 35.0% in the 1st quarter. KBC Group NV now owns 1,227 shares of the company's stock worth $111,000 after purchasing an additional 318 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PI shares. Susquehanna lifted their target price on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Cantor Fitzgerald boosted their price objective on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC boosted their price objective on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Piper Sandler boosted their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Impinj has a consensus rating of "Moderate Buy" and a consensus target price of $163.29.

Impinj Stock Up 1.8%

NASDAQ:PI traded up $3.08 during mid-day trading on Tuesday, hitting $178.86. 449,283 shares of the company's stock traded hands, compared to its average volume of 589,199. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The company has a fifty day moving average of $133.25 and a 200 day moving average of $109.23. The company has a market capitalization of $5.20 billion, a P/E ratio of 17,903.90 and a beta of 1.74. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $93.78 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The company'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. On average, analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Impinj Company 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.