U.S. Capital Wealth Advisors LLC Trims Stock Position in Impinj, Inc. $PI

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in Impinj, Inc. by 44%, selling 5,410 shares during the second quarter, leaving them with 6,885 shares valued at approximately $765,000.
• Insider sales included Sylebra Capital LLC selling 300,000 shares for over $58 million, and CEO Chris Diorio selling 4,096 shares valued at around $768,532.
• Analysts have issued positive ratings for Impinj, with several increasing target prices, resulting in a consensus rating of "Moderate Buy" and an average price target of $167.57.

U.S. Capital Wealth Advisors LLC trimmed its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 44.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,885 shares of the company's stock after selling 5,410 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Impinj were worth $765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Impinj by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company's stock worth $741,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV boosted its position in shares of Impinj by 35.0% in the 1st quarter. KBC Group NV now owns 1,227 shares of the company's stock valued at $111,000 after purchasing an additional 318 shares during the period. GAMMA Investing LLC grew its stake in Impinj by 68.7% during the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company's stock worth $65,000 after buying an additional 294 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Impinj by 46.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company's stock worth $280,000 after buying an additional 975 shares during the period. Finally, CWM LLC lifted its stake in Impinj by 3.3% in the first quarter. CWM LLC now owns 5,818 shares of the company's stock valued at $528,000 after buying an additional 185 shares during the last quarter.

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 transaction of $58,872,000.00. Following the transaction, the insider 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 legal filing with the SEC, which is available at this link. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the transaction, the chief executive officer owned 297,013 shares of the company's stock, valued at $55,728,549.19. The trade was a 1.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,096 shares of company stock valued at $63,353,832 over the last three months. Insiders own 12.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Impinj Stock Down 0.2%

Shares of NASDAQ:PI opened at $184.64 on Thursday. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $239.88. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The firm's 50-day simple moving average is $165.95 and its 200-day simple moving average is $122.36. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 18,482.48 and a beta of 1.81.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly 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. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The firm had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same period in the prior year, the company posted $0.83 earnings per share. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current year.

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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