Impinj (NASDAQ:PI) Price Target Raised to $115.00 at Roth Mkm

Impinj (NASDAQ:PIFree Report) had its price objective lifted by Roth Mkm from $95.00 to $115.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on PI. The Goldman Sachs Group increased their target price on Impinj from $89.00 to $115.00 and gave the company a buy rating in a research report on Friday. StockNews.com upgraded Impinj to a sell rating in a research report on Thursday, October 26th. Needham & Company LLC increased their target price on Impinj from $115.00 to $120.00 and gave the company a buy rating in a research report on Friday. Finally, Susquehanna increased their target price on Impinj from $115.00 to $130.00 and gave the company a positive rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $106.43.

Check Out Our Latest Stock Analysis on PI

Impinj Stock Down 1.1 %

PI opened at $108.85 on Friday. Impinj has a 1-year low of $48.39 and a 1-year high of $144.90. The stock’s fifty day simple moving average is $91.48 and its 200 day simple moving average is $73.44. The company has a current ratio of 8.09, a quick ratio of 4.92 and a debt-to-equity ratio of 8.09. The stock has a market cap of $2.95 billion, a PE ratio of -67.19 and a beta of 2.04.

Insider Transactions at Impinj

In other news, CEO Chris Ph.D. Diorio sold 1,001 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $89.76, for a total transaction of $89,849.76. Following the completion of the transaction, the chief executive officer now directly owns 251,041 shares in the company, valued at $22,533,440.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Impinj news, CEO Chris Ph.D. Diorio sold 1,001 shares of Impinj stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $89.76, for a total value of $89,849.76. Following the completion of the sale, the chief executive officer now directly owns 251,041 shares in the company, valued at $22,533,440.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Sylebra Capital Ltd acquired 37,513 shares of Impinj stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $82.91 per share, with a total value of $3,110,202.83. Following the purchase, the insider now directly owns 4,197,352 shares of the company’s stock, valued at approximately $348,002,454.32. The disclosure for this purchase can be found here. Insiders sold 5,565 shares of company stock worth $473,718 over the last ninety days. 17.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Impinj by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,583 shares of the company’s stock valued at $937,000 after acquiring an additional 86 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Impinj by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,128 shares of the company’s stock valued at $462,000 after acquiring an additional 115 shares during the period. Royal Bank of Canada boosted its holdings in Impinj by 5.8% during the 3rd quarter. Royal Bank of Canada now owns 2,762 shares of the company’s stock valued at $221,000 after acquiring an additional 151 shares during the period. Ameritas Investment Partners Inc. raised its position in Impinj by 10.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,899 shares of the company’s stock valued at $170,000 after purchasing an additional 182 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Impinj by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 6,450 shares of the company’s stock valued at $355,000 after purchasing an additional 205 shares during the last quarter.

About Impinj

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

Further Reading

Analyst Recommendations for Impinj (NASDAQ:PI)

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