Impinj (NASDAQ:PI) Posts 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) posted its quarterly earnings data on Wednesday. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08, Briefing.com reports. Impinj had a return on equity of 8.14% and a net margin of 0.18%. The firm had revenue of $97.89 million during the quarter, compared to analyst estimates of $93.78 million. During the same period last year, the company posted $0.83 EPS. The business's quarterly revenue was down 4.5% on a year-over-year basis. Impinj updated its Q3 2025 guidance to 0.470-0.510 EPS.

Impinj Stock Performance

PI traded down $1.09 during midday trading on Tuesday, reaching $162.96. The company had a trading volume of 711,531 shares, compared to its average volume of 650,378. The business has a 50-day moving average price of $117.49 and a two-hundred day moving average price of $105.34. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. Impinj has a 12-month low of $60.85 and a 12-month high of $239.88. The stock has a market cap of $4.74 billion, a PE ratio of 16,312.31 and a beta of 1.74.

Analysts Set New Price Targets

Several analysts have recently commented on PI shares. 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. Needham & Company LLC raised their price target on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Evercore ISI lifted their price target on shares of Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Susquehanna increased their target price 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 boosted their price objective on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $163.29.

Institutional Inflows and Outflows

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

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.