Vanguard Group Inc. Sells 60,493 Shares of Impinj, Inc. $PI

Vanguard Group Inc. trimmed its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,381,671 shares of the company's stock after selling 60,493 shares during the quarter. Vanguard Group Inc. owned approximately 11.67% of Impinj worth $306,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PI. Sylebra Capital LLC grew its holdings in Impinj by 8.6% during the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after buying an additional 274,764 shares in the last quarter. Capital International Investors lifted its holdings in Impinj by 45.0% during the 4th quarter. Capital International Investors now owns 1,527,587 shares of the company's stock worth $221,897,000 after purchasing an additional 473,721 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Impinj by 3,824.4% during the 4th quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock worth $63,310,000 after purchasing an additional 424,851 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Impinj by 3.4% in the 4th quarter. Ameriprise Financial Inc. now owns 407,391 shares of the company's stock worth $59,178,000 after acquiring an additional 13,264 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in Impinj by 32.9% in the 4th quarter. Squarepoint Ops LLC now owns 310,743 shares of the company's stock worth $45,139,000 after acquiring an additional 76,886 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PI shares. Evercore ISI upped their target price on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler increased their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Susquehanna increased their price objective on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Cantor Fitzgerald increased their price objective on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC increased their target price on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.29.

Impinj Stock Up 0.5%

PI stock traded up $0.81 during mid-day trading on Tuesday, hitting $166.55. 336,948 shares of the company were exchanged, compared to its average volume of 636,510. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The firm has a fifty day simple moving average of $126.64 and a 200 day simple moving average of $107.32. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $4.84 billion, a PE ratio of 16,671.67 and a beta of 1.74.

Impinj (NASDAQ:PI - Get Free Report) last released its 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. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same period in the previous year, the firm earned $0.83 EPS. The business'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. On average, research analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

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.