Stephens Investment Management Group LLC Makes New Investment in Impinj, Inc. $PI

Key Points

• Stephens Investment Management Group LLC has acquired a new position in Impinj, Inc. by purchasing 35,784 shares worth approximately $3,975,000, representing about 0.12% of the company's stock.
• Several analysts have issued new price targets for Impinj, with Cantor Fitzgerald raising theirs from $158 to $217 and Needham & Company setting a price target of $195, while maintaining a "buy" rating.
• Insiders, including CEO Chris Diorio, have sold shares totaling over $63 million in the past three months, with insiders now owning 12.40% of the company's stock.

Stephens Investment Management Group LLC acquired a new position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,784 shares of the company's stock, valued at approximately $3,975,000. Stephens Investment Management Group LLC owned about 0.12% of Impinj at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in Impinj during the 2nd quarter worth $33,000. Banque Transatlantique SA purchased a new position in shares of Impinj in the 1st quarter worth about $29,000. Ameritas Advisory Services LLC purchased a new position in shares of Impinj in the 2nd quarter worth about $43,000. 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 buying an additional 171 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Impinj in the 1st quarter worth about $43,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PI. Cantor Fitzgerald boosted their price objective on Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Piper Sandler boosted their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research report on Wednesday, October 8th. Barclays began coverage on Impinj in a research report on Tuesday, October 7th. They set an "overweight" rating and a $200.00 price target on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 price target on shares of Impinj in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Impinj presently has an average rating of "Moderate Buy" and an average target price of $190.88.

Insider Activity

In other Impinj 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 completion of the sale, the chief executive officer owned 341,109 shares of the company's stock, valued at $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock valued at $63,353,832 in the last three months. 12.40% of the stock is owned by insiders.

Impinj Stock Up 0.7%

Shares of NASDAQ PI opened at $202.08 on Thursday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $227.67. 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 capitalization of $5.88 billion, a price-to-earnings ratio of 20,228.23 and a beta of 1.83. The business has a 50-day moving average of $187.35 and a 200-day moving average of $136.55.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The company had revenue of $97.89 million during the quarter, compared to analyst estimates of $93.78 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Impinj's revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Sell-side analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Impinj 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.

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