Verdence Capital Advisors LLC Buys New Shares in Impinj, Inc. $PI

Key Points

• Verdence Capital Advisors LLC acquired a new stake in Impinj, Inc. during the 2nd quarter, purchasing 2,040 shares valued at approximately $227,000.
• Impinj reported earnings of $0.80 per share for the last quarter, exceeding estimates, but its revenue was down 4.5% compared to the previous year.
• Insiders, including CEO Chris Diorio, sold significant shares recently, indicating changes in ownership dynamics within the company.

Verdence Capital Advisors LLC purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,040 shares of the company's stock, valued at approximately $227,000.

Several other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after purchasing an additional 140 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Impinj by 2.5% in the second quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company's stock valued at $766,000 after buying an additional 167 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after purchasing an additional 171 shares during the last quarter. CWM LLC lifted its holdings in Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock valued at $528,000 after purchasing an additional 185 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Impinj by 2.6% during the 2nd quarter. Yousif Capital Management LLC now owns 8,752 shares of the company's stock valued at $972,000 after purchasing an additional 219 shares during the last quarter.

Impinj Stock Up 1.2%

NASDAQ PI opened at $201.32 on Friday. 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 $238.98. The company has a 50 day moving average of $183.99 and a 200-day moving average of $133.23. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 20,152.15 and a beta of 1.83.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million during 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 company's quarterly revenue was down 4.5% compared to the same quarter last year. 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, equities research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 approximately $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,096 shares of company stock valued at $63,353,832. 12.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PI shares. Weiss Ratings restated a "sell (d)" rating on shares of Impinj in a research note on Wednesday, October 8th. Piper Sandler raised their price objective on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Barclays initiated coverage on shares of Impinj in a research report on Tuesday, October 7th. They set an "overweight" rating and a $200.00 price objective for the company. Susquehanna lifted their price target on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Cantor Fitzgerald lifted their price target on Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $179.00.

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.

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