Invesco Ltd. Decreases Stock Position in Impinj, Inc. $PI

Invesco Ltd. decreased its position in shares of Impinj, Inc. (NASDAQ:PI) by 40.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 815,607 shares of the company’s stock after selling 548,113 shares during the period. Invesco Ltd.’s holdings in Impinj were worth $90,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank grew its stake in shares of Impinj by 1.1% during the second quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock valued at $741,000 after acquiring an additional 74 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Impinj by 17.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company’s stock valued at $64,000 after purchasing an additional 88 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Impinj by 2.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company’s stock worth $766,000 after purchasing an additional 167 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Impinj by 4.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock worth $432,000 after purchasing an additional 181 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Impinj by 5.6% in the 2nd quarter. Bank of Montreal Can now owns 3,907 shares of the company’s stock valued at $434,000 after purchasing an additional 207 shares in the last quarter.

Insider Activity

In related news, insider Sylebra Capital Llc sold 46,110 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $167.73, for a total value of $7,734,030.30. Following the sale, the insider owned 1,675,383 shares of the company’s stock, valued at $281,011,990.59. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 338,861 shares of company stock worth $56,525,804 over the last three months. Insiders own 51.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PI shares. Barclays raised their price target on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Roth Capital reissued a “buy” rating and issued a $235.00 target price on shares of Impinj in a research report on Thursday, October 30th. Evercore ISI upped their target price on shares of Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Finally, Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Price Performance

PI opened at $156.47 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $181.60 and its 200 day moving average price is $157.50. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of -355.61 and a beta of 1.50.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The business had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. During the same period in the prior year, the firm earned $0.56 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current year.

About Impinj

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.