Peregrine Investment Management Inc. Has $7.24 Million Stake in Impinj, Inc. $PI

Key Points

• Peregrine Investment Management boosted its Impinj stake by 73.4% to 70,492 shares (about $7.24M), making PI 5.7% of the fund's portfolio and its seventh-largest holding.
• Impinj beat Q1 estimates with $0.14 EPS (vs. $0.11 est.) and $74.25M revenue, set Q2 2026 guidance of $0.770–$0.820 EPS, and currently has a mixed analyst consensus (average rating: Hold; average target: $175).
• The stock trades near $150 with a market cap of $4.57B and a negative P/E (-162.99), reflecting that the company remains unprofitable on a GAAP basis despite recent revenue and EPS beats.

Peregrine Investment Management Inc. increased its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 73.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,492 shares of the company's stock after acquiring an additional 29,850 shares during the period. Impinj comprises 5.7% of Peregrine Investment Management Inc.'s investment portfolio, making the stock its 7th biggest holding. Peregrine Investment Management Inc. owned 0.23% of Impinj worth $7,240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PI. Wealth Enhancement Advisory Services LLC increased its holdings in Impinj by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company's stock worth $3,113,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company's stock valued at $29,000 after purchasing an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company's stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Impinj by 7.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company's stock valued at $226,000 after buying an additional 92 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Impinj by 4.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company's stock valued at $429,000 after buying an additional 97 shares during the last quarter.

Impinj Stock Up 4.7%

PI opened at $149.96 on Wednesday. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company's 50-day moving average price is $108.93 and its two-hundred day moving average price is $146.53. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -162.99 and a beta of 1.93. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. During the same quarter last year, the business posted $0.21 EPS. Impinj's quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Cantor Fitzgerald lowered their price target on Impinj from $246.00 to $170.00 and set an "overweight" rating for the company in a research report on Friday, February 6th. Zacks Research raised shares of Impinj from a "strong sell" rating to a "hold" rating in a report on Friday, May 1st. Barclays upped their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an "overweight" rating in a research note on Friday. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a report on Tuesday, April 21st. Finally, Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $175.00.

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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