Swiss National Bank Acquires 2,300 Shares of Impinj, Inc. $PI

Key Points

• The Swiss National Bank increased its stake in Impinj, Inc. (NASDAQ: PI) by 4.9% during the first quarter, owning approximately 49,300 shares valued at around $4.47 million.
• Several investment firms have upgraded Impinj's stock ratings, with target prices now ranging from $117.00 to $180.00, contributing to a consensus rating of "Moderate Buy".
• Impinj reported a quarterly EPS of $0.80, exceeding analyst estimates, despite a 4.5% year-over-year revenue decline to $97.89 million.

Swiss National Bank increased its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 4.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,300 shares of the company's stock after buying an additional 2,300 shares during the period. Swiss National Bank owned 0.17% of Impinj worth $4,472,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in Impinj by 7.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company's stock valued at $741,000 after purchasing an additional 535 shares in the last quarter. KBC Group NV increased its position in shares of Impinj by 35.0% during the first quarter. KBC Group NV now owns 1,227 shares of the company's stock worth $111,000 after acquiring an additional 318 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company's stock worth $65,000 after acquiring an additional 294 shares in the last quarter. Bank of Montreal Can boosted its holdings in Impinj by 10.3% during the fourth quarter. Bank of Montreal Can now owns 2,781 shares of the company's stock worth $404,000 after purchasing an additional 260 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Impinj by 46.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company's stock worth $280,000 after purchasing an additional 975 shares during the last quarter.

Impinj Stock Performance

PI traded down $1.04 during midday trading on Monday, reaching $175.78. The company had a trading volume of 251,362 shares, compared to its average volume of 604,592. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The stock has a market cap of $5.11 billion, a PE ratio of 17,595.60 and a beta of 1.74. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $239.88. The business has a 50-day moving average price of $131.75 and a two-hundred day moving average price of $108.74.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PI shares. Cantor Fitzgerald boosted their price target on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Susquehanna boosted their price target on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Piper Sandler boosted their price target on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. 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 data from MarketBeat, Impinj has an average rating of "Moderate Buy" and a consensus target price of $163.29.

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.