Susquehanna Forecasts Strong Price Appreciation for Impinj (NASDAQ:PI) Stock

Key Points

• Susquehanna has raised its price target for Impinj (NASDAQ:PI) from $180 to $235, indicating a potential upside of 12.87% from current levels.
• Other analysts have varying opinions, with Needham setting a target at $195 and Cantor Fitzgerald at $217, while the consensus price target stands at $190.88.
• Impinj's stock saw a mid-day increase of 3.7%, trading at $208.21, amid a strong performance after recently beating earnings expectations.

Impinj (NASDAQ:PI - Get Free Report) had its price target hoisted by Susquehanna from $180.00 to $235.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a "positive" rating on the stock. Susquehanna's target price would suggest a potential upside of 12.87% from the company's current price.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price target on shares of Impinj in a report on Monday, September 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a report on Wednesday, October 8th. Barclays initiated coverage on Impinj in a report on Tuesday, October 7th. They issued an "overweight" rating and a $200.00 price target on the stock. Cantor Fitzgerald increased their price objective on Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Finally, Zacks Research raised Impinj from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $190.88.

Impinj Trading Up 3.7%

PI stock traded up $7.49 during midday trading on Wednesday, reaching $208.21. 24,750 shares of the company traded hands, compared to its average volume of 604,865. Impinj has a 52-week low of $60.85 and a 52-week high of $227.67. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The business has a 50 day moving average of $186.71 and a 200-day moving average of $136.10. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 20,774.77 and a beta of 1.83.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same period in the prior year, the business posted $0.83 earnings per share. The company's quarterly revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, sell-side analysts expect that Impinj will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Impinj

In other news, CEO Chris Ph.D. Diorio sold 4,096 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total transaction of $768,532.48. Following the completion of the sale, the chief executive officer owned 297,013 shares in the company, valued at approximately $55,728,549.19. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the sale, the insider owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,096 shares of company stock valued at $63,353,832. Company insiders own 51.00% of the company's stock.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DLD Asset Management LP purchased a new position in shares of Impinj during the 2nd quarter valued at about $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Impinj by 304.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company's stock valued at $88,184,000 after purchasing an additional 731,817 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Impinj by 52.7% in the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock valued at $56,431,000 after purchasing an additional 214,792 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Impinj in the 2nd quarter valued at about $12,160,000. Finally, Duquesne Family Office LLC purchased a new position in shares of Impinj in the 1st quarter valued at about $9,839,000.

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.

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