Impinj (NASDAQ:PI) Upgraded at BMO Capital Markets

Impinj (NASDAQ:PI - Get Free Report) was upgraded by equities researchers at BMO Capital Markets to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on PI. Wall Street Zen raised Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Impinj from a "sell (e+)" rating to a "sell (d)" rating in a report on Thursday, July 30th. Zacks Research raised Impinj from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Jefferies Financial Group lifted their price objective on Impinj from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Evercore set a $144.00 target price on shares of Impinj in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Impinj currently has a consensus rating of "Moderate Buy" and an average target price of $183.30.

Impinj Stock Performance

NASDAQ:PI opened at $165.54 on Thursday. The company has a market cap of $5.06 billion, a P/E ratio of -179.93 and a beta of 1.94. The firm's 50 day moving average is $147.22 and its two-hundred day moving average is $130.80. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million during the quarter, compared to analysts' expectations of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Analysts expect that Impinj will post 0.37 EPS for the current year.

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company's stock, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the business's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the transaction, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 240,657 shares of company stock valued at $32,875,156. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Impinj

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in Impinj in the 1st quarter worth approximately $28,000. Global Retirement Partners LLC purchased a new stake in shares of Impinj during the second quarter valued at approximately $31,000. Danske Bank A S acquired a new position in shares of Impinj during the fourth quarter worth $35,000. Bamco Inc. NY acquired a new position in shares of Impinj during the second quarter worth $45,000. Finally, Advisors Asset Management Inc. boosted its stake 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 during the period.

About Impinj

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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