Voya Investment Management LLC Cuts Position in Impinj, Inc. $PI

Key Points

• Voya Investment Management LLC reduced its stake in Impinj, Inc. by 21.5%, selling 1,680 shares, leaving it with 6,141 shares valued at approximately $557,000.
• Insider transactions included CEO Chris Ph.D. Diorio selling 5,000 shares for around $961,500, while Sylebra Capital LLC sold 300,000 shares worth approximately $58.87 million.
• Multiple research firms have upgraded their ratings on Impinj, with a consensus rating of "Moderate Buy" and an average price target of $167.57 for the stock.

Voya Investment Management LLC lowered its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,141 shares of the company's stock after selling 1,680 shares during the quarter. Voya Investment Management LLC's holdings in Impinj were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Impinj by 25.7% during the fourth quarter. Cetera Investment Advisers now owns 1,626 shares of the company's stock worth $236,000 after purchasing an additional 332 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Impinj by 330.9% during the fourth quarter. Mackenzie Financial Corp now owns 6,317 shares of the company's stock worth $918,000 after purchasing an additional 4,851 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Impinj during the fourth quarter worth $3,431,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Impinj by 25.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,605 shares of the company's stock worth $1,686,000 after purchasing an additional 2,327 shares in the last quarter. Finally, 111 Capital acquired a new position in shares of Impinj during the fourth quarter worth $250,000.

Insiders Place Their Bets

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sylebra Capital Llc sold 300,000 shares of Impinj 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 sale, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. This trade represents a 14.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,096 shares of company stock worth $63,353,832. 12.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PI. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Impinj in a research note on Monday, September 15th. Piper Sandler increased their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Susquehanna increased their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Finally, Cantor Fitzgerald increased their target price on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Impinj has a consensus rating of "Moderate Buy" and an average price target of $167.57.

Impinj Trading Down 1.7%

Shares of Impinj stock opened at $175.45 on Friday. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $239.88. 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 stock has a market cap of $5.10 billion, a PE ratio of 17,562.56 and a beta of 1.81. The company has a 50-day moving average of $168.39 and a two-hundred day moving average of $123.45.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.08. The business had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The company's revenue was down 4.5% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Impinj 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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