UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 731,817 Shares of Impinj, Inc. $PI

Key Points

• UBS Asset Management significantly increased its stake in Impinj, Inc. by acquiring an additional 731,817 shares, bringing its total ownership to 972,260 shares and a value of approximately $88.2 million.
• Multiple analysts raised their price targets for Impinj, with estimates ranging from $140 to $180, indicating a strong consensus rating of "Moderate Buy".
• Recently released earnings showed Impinj reporting $0.80 EPS, exceeding analysts' expectations, although revenue was down 4.5% year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 304.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 972,260 shares of the company's stock after acquiring an additional 731,817 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 3.35% of Impinj worth $88,184,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in Impinj during the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. boosted its position in shares of Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after acquiring an additional 171 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Impinj in the first quarter valued at approximately $43,000. Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after acquiring an additional 140 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Impinj by 68.7% in the first quarter. GAMMA Investing LLC now owns 722 shares of the company's stock valued at $65,000 after acquiring an additional 294 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PI. Needham & Company LLC raised their price objective on shares of Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their price target on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price target on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Susquehanna lifted their price target on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj Stock Performance

Shares of NASDAQ PI opened at $178.76 on Friday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 17,893.89 and a beta of 1.81. 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 $153.99 and its 200 day moving average is $117.16.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS 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 return on equity of 8.14% and a net margin of 0.18%.The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, sell-side analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity at Impinj

In related news, insider Sylebra Capital Llc sold 300,000 shares of the company's 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 sale, the insider directly owned 1,829,260 shares of the company's stock, valued at $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the chief executive officer directly owned 341,109 shares in the company, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 315,000 shares of company stock worth $61,675,650 over the last three months. Insiders own 12.40% of the company's stock.

Impinj Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.