Impinj (NASDAQ:PI) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Impinj (NASDAQ:PI) from a "hold" to a Buy, signaling improved analyst sentiment toward the stock.
• Impinj beat Q1 estimates (EPS $0.14; revenue $74.25M) and raised Q2 guidance to $103–$106M revenue and non‑GAAP EPS $0.77–$0.82, prompting record bookings and a roughly 20% stock surge.
• Analysts remain mixed overall — MarketBeat's consensus is a Hold with a $175 price target — and the company still faces profitability pressure (negative net margin ~‑7.7%) and essentially flat YoY revenue.

Impinj (NASDAQ:PI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Impinj from a "hold" rating to a "strong sell" rating in a report on Monday, February 9th. Barclays increased their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler reaffirmed a "mixed" rating and set a $180.00 price objective (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a report on Tuesday, April 21st. Finally, Roth Mkm cut their price objective on shares of Impinj from $220.00 to $180.00 and set a "buy" rating for the company in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Impinj presently has a consensus rating of "Hold" and a consensus price target of $175.00.

Impinj Trading Up 1.6%

Impinj stock opened at $147.21 on Friday. The firm has a 50 day moving average of $108.49 and a 200 day moving average of $147.57. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -160.01 and a beta of 1.93. Impinj has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a current ratio of 9.20, a quick ratio of 2.01 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, research analysts predict that Impinj will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp grew its stake in shares of Impinj by 4,821.8% in the 1st quarter. Fifth Third Bancorp now owns 8,564 shares of the company's stock worth $880,000 after buying an additional 8,390 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Impinj by 19.8% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 10,226 shares of the company's stock worth $1,050,000 after buying an additional 1,690 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Impinj by 19.3% in the 1st quarter. Kestra Advisory Services LLC now owns 2,730 shares of the company's stock worth $280,000 after buying an additional 441 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Impinj in the 1st quarter worth $461,000. Finally, Taylor Frigon Capital Management LLC grew its stake in shares of Impinj by 14.9% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 19,733 shares of the company's stock worth $2,027,000 after buying an additional 2,558 shares in the last quarter.

Impinj News Roundup

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Management raised Q2 guidance sharply — expects revenue of $103M–$106M and non‑GAAP EPS $0.77–$0.82, well above Street estimates; company cited an endpoint IC demand rebound. Impinj expects Q2 revenue of $103M-$106M and non-GAAP EPS of $0.77-$0.82 as endpoint IC demand rebounds
• Positive Sentiment: Company reported record bookings and guided to higher Q2 revenue while calling the outlook “prudent,” signaling improving demand visibility. Impinj posts record bookings, forecasts higher Q2 revenue with prudent outlook
• Positive Sentiment: Needham & Company reaffirmed a Buy on PI and set a $175 price target (~19% upside to the reference price), supporting analyst confidence. Impinj NASDAQ: PI Receives Buy Rating from Needham & Company LLC
• Positive Sentiment: Market reaction: multiple outlets note a roughly 20% stock surge after the stronger Q2 outlook — momentum and positive press amplified buying. Impinj surges 20% after Q2 outlook beats estimates
• Positive Sentiment: Analysts and press view the move as durable: Barron's highlights upside potential and positive analyst commentary following earnings/guidance. This Chip Maker’s Stock Is Soaring After Earnings. Analysts See 20% More Upside.
• Neutral Sentiment: Q1 results beat expectations: GAAP/non‑GAAP EPS $0.14 vs. consensus $0.11 and revenue $74.25M vs. ~$72.5M — positive beats but management emphasized cautious near‑term visibility. Impinj NASDAQ: PI earnings report and call materials
• Neutral Sentiment: Detailed earnings highlights and call transcript provide color on bookings, channel timing and inventory; useful for investors modeling recovery timing. Impinj Inc (PI) Q1 2026 Earnings Call Highlights: Record Bookings Amidst Revenue Challenges
• Negative Sentiment: Underlying business still shows weakness: revenue was essentially flat (down 0.1% YoY) and the company reported a negative net margin (~‑7.7%), signaling profitability pressures despite the beat. Impinj NASDAQ: PI Q1 results and financials

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj's platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj's product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).

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