Impinj (NASDAQ:PI) Releases Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• Impinj reported earnings of $0.80 EPS for the quarter, exceeding analysts' expectations of $0.72 by $0.08, despite a year-over-year revenue decline of 4.5% to $97.89 million.
• Analysts have raised their price targets for Impinj, with a consensus price target of $163.29 and an average rating of "Moderate Buy," indicating positive sentiment towards the stock.
• Institutional investors have increased their stakes in Impinj, with notable boosts from Goldman Sachs and others, reflecting growing confidence in the company's prospects.

Impinj (NASDAQ:PI - Get Free Report) issued its earnings results on Wednesday. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.08, Briefing.com reports. The business had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.67%. The company's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Impinj updated its Q3 2025 guidance to 0.470-0.510 EPS.

Impinj Price Performance

Shares of Impinj stock traded down $3.95 on Friday, hitting $150.63. The company had a trading volume of 343,309 shares, compared to its average volume of 645,143. The business has a 50-day simple moving average of $114.70 and a 200-day simple moving average of $105.10. The company has a debt-to-equity ratio of 1.77, a current ratio of 10.96 and a quick ratio of 7.46. The company has a market cap of $4.37 billion, a PE ratio of 14,994.29 and a beta of 1.64. Impinj has a 52 week low of $60.85 and a 52 week high of $239.88.

Wall Street Analyst Weigh In

PI has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Piper Sandler upped their price objective on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna upped their price objective on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Needham & Company LLC upped their price objective on Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Cantor Fitzgerald upped their price objective on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $163.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company's stock worth $25,324,000 after buying an additional 26,388 shares in the last quarter. Intech Investment Management LLC boosted its stake in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company's stock worth $1,515,000 after purchasing an additional 3,812 shares during the period. Focus Partners Wealth acquired a new position in Impinj in the 1st quarter worth approximately $223,000. Finally, Advisors Asset Management Inc. boosted its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after purchasing an additional 140 shares during the period.

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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