UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Impinj, Inc. $PI

Key Points

• UBS Asset Management cut its Impinj stake by 79.8% in the second quarter, selling 413,113 shares and retaining 104,713 shares worth approximately $15 million.
• Analysts remain broadly positive, with seven Buy ratings, three Holds and one Sell; Impinj has a consensus “Moderate Buy” rating and an average price target of $183.30.
• Impinj exceeded quarterly expectations, reporting $0.86 in EPS and $108.37 million in revenue, up 10.7% year over year, while insiders sold 59,062 shares worth about $7.7 million over the past quarter.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 79.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,713 shares of the company's stock after selling 413,113 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Impinj worth $14,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Impinj during the 1st quarter worth approximately $28,000. Global Retirement Partners LLC acquired a new stake in Impinj during the 2nd quarter valued at $31,000. Danske Bank A S purchased a new position in Impinj during the fourth quarter worth $35,000. Bamco Inc. NY acquired a new position in shares of Impinj in the second quarter worth $45,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after acquiring an additional 140 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PI shares. Wall Street Zen upgraded Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. BMO Capital Markets assumed coverage on Impinj in a report on Thursday, August 20th. They issued an "outperform" rating and a $220.00 price target for the company. Finally, Jefferies Financial Group increased their price target on Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Impinj presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.30.

Insider Activity

In other news, CFO Cary Baker sold 1,429 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company's stock, valued at approximately $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the company's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares of the company's stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 59,062 shares of company stock worth $7,676,438. Company insiders own 6.80% of the company's stock.

Impinj Stock Down 1.5%

Shares of NASDAQ PI opened at $172.57 on Friday. The stock has a market capitalization of $5.27 billion, a PE ratio of -187.58 and a beta of 1.92. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $155.04 and a 200-day moving average of $133.61. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06.

Impinj (NASDAQ:PI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business had revenue of $108.37 million during the quarter, compared to analysts' expectations of $104.60 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts anticipate that Impinj, Inc. will post 0.37 EPS for the current year.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj's platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj's product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).

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