Impinj (NASDAQ:PI) Shares Up 5.2% - Should You Buy?

Key Points

• Impinj shares rose 5.2% to $176.80, though trading volume was sharply below average. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $183.30.
• The company exceeded quarterly expectations, reporting $0.86 in EPS versus the $0.80 consensus and revenue of $108.37 million, up 10.7% year over year. However, Impinj remains unprofitable on a net-margin basis, with a negative 7.26% margin.
• Insiders sold $25.6 million of stock over the past 90 days, while major institutional investors—including CalSTRS and BlackRock—built or initiated sizable positions, signaling mixed sentiment among company stakeholders.

Impinj, Inc. (NASDAQ:PI - Get Free Report)'s share price was up 5.2% during trading on Friday . The company traded as high as $179.55 and last traded at $176.80. Approximately 31,466 shares were traded during trading, a decline of 94% from the average session volume of 553,580 shares. The stock had previously closed at $168.07.

Analysts Set New Price Targets

PI has been the topic of several research reports. Evercore set a $144.00 price objective on Impinj in a research report on Thursday, April 30th. Jefferies Financial Group upped their target price on Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BMO Capital Markets started coverage on Impinj in a research note on Thursday, August 20th. They issued an "outperform" rating and a $220.00 target price for the company. Barclays upped 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, May 1st. Finally, Zacks Research upgraded shares of Impinj from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.30.

Impinj Stock Performance

The stock has a market capitalization of $5.17 billion, a PE ratio of -183.91 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The firm's 50 day moving average is $149.94 and its two-hundred day moving average is $131.21.

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

Insider Transactions at Impinj

In other news, 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 transaction of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares of the company's stock, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,429 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 192,153 shares of company stock worth $25,561,723 in the last ninety days. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of Impinj by 14,407.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,918,232 shares of the company's stock worth $704,438,000 after acquiring an additional 4,884,330 shares in the last quarter. BlackRock Inc. acquired a new position in Impinj in the second quarter valued at approximately $637,286,000. The Manufacturers Life Insurance Company purchased a new position in Impinj in the second quarter valued at approximately $95,867,000. Invesco Ltd. raised its holdings in Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company's stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Finally, Norges Bank acquired a new stake in Impinj during the fourth quarter worth approximately $55,216,000.

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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