Scientech Research LLC Acquires 8,561 Shares of Impinj, Inc. $PI

Scientech Research LLC increased its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 389.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,758 shares of the company's stock after acquiring an additional 8,561 shares during the period. Scientech Research LLC's holdings in Impinj were worth $976,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its holdings in Impinj by 6.9% during the fourth 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 in the last quarter. Advisors Asset Management Inc. raised its stake in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after buying an additional 140 shares during the period. Versant Capital Management Inc increased its stake in shares of Impinj by 7.2% during the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock worth $203,000 after purchasing an additional 150 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Impinj by 75.3% during the first 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. Finally, CWM LLC increased its stake in Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock worth $528,000 after acquiring an additional 185 shares during the period.

Insider Buying and Selling

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the sale, the chief executive officer directly owned 341,109 shares in the company, valued at $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 15,000 shares of company stock valued at $2,803,650 in the last quarter. Corporate insiders own 12.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Impinj Price Performance

Shares of NASDAQ PI traded down $5.34 during mid-day trading on Wednesday, hitting $190.00. 909,050 shares of the stock traded hands, compared to its average volume of 477,633. The company has a market cap of $5.53 billion, a PE ratio of 19,019.02 and a beta of 1.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The firm has a 50 day simple moving average of $151.38 and a two-hundred day simple moving average of $115.82.

Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal 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.