Resona Asset Management Co. Ltd. acquired a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,620 shares of the company's stock, valued at approximately $149,000.
A number of other hedge funds have also recently bought and sold shares of PI. Mercer Global Advisors Inc. ADV boosted its position in Impinj by 6.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock worth $238,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc raised its stake in shares of Impinj by 7.2% in the 1st quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock worth $203,000 after buying an additional 150 shares in the last quarter. SBI Securities Co. Ltd. raised its stake 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 buying an additional 171 shares in the last quarter. CWM LLC raised its stake in shares of Impinj by 3.3% in the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock worth $528,000 after buying an additional 185 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Impinj during the fourth quarter worth $29,000.
Analysts Set New Price Targets
PI has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC boosted their target price on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald upped their price target on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Susquehanna upped their price target on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI boosted their price objective on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Six equities research 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.29.
View Our Latest Analysis on Impinj
Impinj Price Performance
NASDAQ PI traded up $11.9840 during trading hours on Friday, reaching $180.1940. 216,754 shares of the company's stock were exchanged, compared to its average volume of 627,864. The stock has a market cap of $5.24 billion, a PE ratio of 18,055.56 and a beta of 1.74. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88. The firm has a fifty day moving average of $128.90 and a 200-day moving average of $108.03. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.
Impinj (NASDAQ:PI - Get Free Report) last released its quarterly 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. The business had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.Impinj's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, equities research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.
About Impinj
(
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.
See Also
Before you consider Impinj, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Impinj wasn't on the list.
While Impinj currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
