Taylor Frigon Capital Management LLC Sells 1,603 Shares of Impinj, Inc. $PI

Key Points

• Taylor Frigon Capital Management LLC reduced its stake in Impinj, Inc. by 6.3% during the 2nd quarter, owning 23,680 shares valued at approximately $2.63 million.
• Analysts have a consensus rating of "Moderate Buy" for Impinj, with price targets ranging from $140.00 to $195.00.
• Impinj reported $0.80 EPS for the last quarter, which exceeded analyst estimates, despite a 4.5% decline in year-over-year revenue.

Taylor Frigon Capital Management LLC lessened its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,680 shares of the company's stock after selling 1,603 shares during the quarter. Impinj makes up about 1.4% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 21st largest position. Taylor Frigon Capital Management LLC owned about 0.08% of Impinj worth $2,630,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its holdings in Impinj by 9.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,969 shares of the company's stock valued at $1,550,000 after acquiring an additional 1,160 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Impinj during the 2nd quarter valued at about $244,000. Dakota Wealth Management purchased a new position in shares of Impinj during the second quarter valued at about $233,000. GAMMA Investing LLC increased its holdings in shares of Impinj by 124.7% in the second quarter. GAMMA Investing LLC now owns 1,622 shares of the company's stock worth $180,000 after purchasing an additional 900 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Impinj in the second quarter worth about $224,000.

Analyst Upgrades and Downgrades

PI has been the subject of several research analyst reports. Piper Sandler raised their price target on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $195.00 target price on shares of Impinj in a research report on Monday, September 15th. 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 research report on Thursday, July 31st. Finally, Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Impinj has a consensus rating of "Moderate Buy" and an average price target of $167.57.

Impinj Stock Down 1.7%

NASDAQ PI opened at $175.45 on Monday. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $239.88. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 17,562.56 and a beta of 1.81. The company has a fifty day moving average of $168.39 and a two-hundred day moving average of $123.92.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction 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 owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. The trade was 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 90 days. Company insiders own 51.00% of the company's stock.

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.

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