Swiss National Bank Purchases 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 raised its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,300 shares of the company's stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank owned about 0.17% of Impinj worth $4,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its position in shares of 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 purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Impinj by 7.2% during the 1st quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock worth $203,000 after purchasing an additional 150 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after purchasing an additional 171 shares in the last quarter. CWM LLC boosted its position in shares of Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock worth $528,000 after purchasing an additional 185 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Impinj during the 4th quarter worth about $29,000.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Susquehanna upped their target price 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 upped their target price 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, Cantor Fitzgerald upped their target price on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj Stock Up 5.1%

PI traded up $8.61 during midday trading on Friday, reaching $176.82. The company's stock had a trading volume of 503,732 shares, compared to its average volume of 605,735. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 17,699.70 and a beta of 1.74. 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, Inc. has a 1 year low of $60.85 and a 1 year high of $239.88. The stock's 50-day moving average is $130.35 and its 200-day moving average is $108.38.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data 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. The business 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 business's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, research analysts expect that Impinj, Inc. will post -0.47 EPS for the current 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.