U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 261.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,295 shares of the company's stock after purchasing an additional 8,895 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Impinj were worth $1,115,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PI. Sylebra Capital LLC increased its holdings in shares of Impinj by 8.6% in the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock valued at $504,360,000 after purchasing an additional 274,764 shares in the last quarter. Vanguard Group Inc. boosted its stake in Impinj by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company's stock valued at $500,009,000 after acquiring an additional 104,861 shares during the last quarter. Capital International Investors boosted its stake in Impinj by 45.0% in the fourth quarter. Capital International Investors now owns 1,527,587 shares of the company's stock valued at $221,897,000 after acquiring an additional 473,721 shares during the last quarter. Geode Capital Management LLC boosted its stake in Impinj by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 546,823 shares of the company's stock valued at $79,654,000 after acquiring an additional 3,899 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Impinj by 3,824.4% in the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock valued at $63,310,000 after acquiring an additional 424,851 shares during the last quarter.
Impinj Stock Down 2.4%
PI stock traded down $2.86 during midday trading on Friday, hitting $118.14. The company's stock had a trading volume of 172,112 shares, compared to its average volume of 596,374. The company has a debt-to-equity ratio of 1.77, a current ratio of 10.96 and a quick ratio of 7.46. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The company's fifty day moving average price is $111.50 and its 200 day moving average price is $108.15. The stock has a market capitalization of $3.42 billion, a P/E ratio of -2,954.01 and a beta of 1.64.
Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.12. Impinj had a negative net margin of 0.26% and a positive return on equity of 6.45%. The company had revenue of $74.28 million for the quarter, compared to analyst estimates of $71.73 million. During the same period in the previous year, the business earned $0.21 EPS. Impinj's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have issued reports on PI. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $133.00 price objective on shares of Impinj in a research note on Thursday, April 24th. Needham & Company LLC reduced their price objective on shares of Impinj from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI raised their price objective on shares of Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Impinj in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $155.38.
View Our Latest Research Report on Impinj
Impinj Profile
(
Free Report)
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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