Resona Asset Management Co. Ltd. Acquires Shares of 1,620 Impinj, Inc. $PI

Resona Asset Management Co. Ltd. acquired 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 SEC. The firm acquired 1,620 shares of the company's stock, valued at approximately $149,000.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Impinj by 7.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company's stock valued at $741,000 after acquiring an additional 535 shares in the last quarter. KBC Group NV lifted its holdings in Impinj by 35.0% during the 1st quarter. KBC Group NV now owns 1,227 shares of the company's stock worth $111,000 after buying an additional 318 shares during the period. GAMMA Investing LLC lifted its holdings in 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 period. Bank of Montreal Can lifted its holdings in Impinj by 10.3% during the 4th quarter. Bank of Montreal Can now owns 2,781 shares of the company's stock worth $404,000 after buying an additional 260 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Impinj by 46.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company's stock worth $280,000 after buying an additional 975 shares during the period.

Wall Street Analyst Weigh In

PI has been the topic of several recent research reports. Needham & Company LLC lifted their target price on Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. 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 lifted their target price on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Evercore ISI lifted their target price on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Piper Sandler lifted their target price on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $163.29.

Impinj Stock Up 0.5%

PI stock traded up $0.81 during trading on Tuesday, reaching $166.55. 336,948 shares of the stock were exchanged, compared to its average volume of 636,510. The firm's 50 day moving average is $126.64 and its 200 day moving average is $107.32. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The firm has a market cap of $4.84 billion, a P/E ratio of 16,671.67 and a beta of 1.74.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share 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 business had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same period in the prior year, the business earned $0.83 EPS. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, research 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.