IMPINJ Inc (NYSE:PI) Position Held by Swiss National Bank
Swiss National Bank maintained its stake in shares of IMPINJ Inc (NYSE:PI) during the first quarter, Holdings Channel reports. The firm owned 18,000 shares of the company’s stock at the end of the first quarter. Swiss National Bank’s holdings in IMPINJ were worth $545,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PI. Monarch Partners Asset Management LLC bought a new stake in shares of IMPINJ during the first quarter valued at approximately $219,000. Capital Asset Advisory Services LLC boosted its position in IMPINJ by 25.8% in the first quarter. Capital Asset Advisory Services LLC now owns 7,310 shares of the company’s stock worth $221,000 after buying an additional 1,500 shares during the last quarter. Bank of Montreal Can acquired a new position in IMPINJ during the first quarter worth about $245,000. Hillman Co. acquired a new position in IMPINJ during the first quarter worth about $337,000. Finally, Teachers Advisors LLC boosted its position in IMPINJ by 88.1% in the fourth quarter. Teachers Advisors LLC now owns 11,164 shares of the company’s stock worth $395,000 after buying an additional 5,228 shares during the last quarter.
IMPINJ Inc (PI) opened at 54.22 on Tuesday. The company’s market capitalization is $1.12 billion. IMPINJ Inc has a 12-month low of $16.36 and a 12-month high of $60.85. The firm’s 50 day moving average price is $47.51 and its 200-day moving average price is $36.59.
IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.81 million. IMPINJ had a negative return on equity of 6.95% and a negative net margin of 6.81%. IMPINJ’s quarterly revenue was up 46.8% on a year-over-year basis. On average, equities analysts anticipate that IMPINJ Inc will post $0.23 earnings per share for the current fiscal year.
PI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded IMPINJ from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, April 25th. Morgan Stanley restated a “buy” rating and set a $40.00 price target on shares of IMPINJ in a report on Tuesday, March 21st. Royal Bank Of Canada restated an “outperform” rating and set a $50.00 price target (up from $42.00) on shares of IMPINJ in a report on Sunday, May 28th. Finally, Canaccord Genuity restated a “buy” rating and set a $38.00 price target on shares of IMPINJ in a report on Friday, May 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. IMPINJ currently has a consensus rating of “Buy” and an average target price of $41.38.
In related news, insider Eric Brodersen sold 7,000 shares of IMPINJ stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $36.64, for a total transaction of $256,480.00. Following the sale, the insider now directly owns 119,943 shares in the company, valued at $4,394,711.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Oppen Peter H. Van sold 25,000 shares of IMPINJ stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $39.25, for a total value of $981,250.00. Following the sale, the director now owns 80,595 shares in the company, valued at $3,163,353.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,573 shares of company stock worth $4,339,208.
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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