WINTON GROUP Ltd Purchases Shares of 20,099 Impinj, Inc. $PI

WINTON GROUP Ltd acquired a new position in Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,099 shares of the company’s stock, valued at approximately $2,232,000.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Impinj in the 2nd quarter valued at $3,833,000. Kennedy Capital Management LLC boosted its position in shares of Impinj by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 34,571 shares of the company’s stock worth $3,840,000 after buying an additional 575 shares during the period. Granite Investment Partners LLC purchased a new stake in shares of Impinj in the second quarter worth about $12,160,000. New York State Common Retirement Fund grew its stake in shares of Impinj by 171.2% in the second quarter. New York State Common Retirement Fund now owns 20,478 shares of the company’s stock valued at $2,274,000 after buying an additional 12,926 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Impinj during the 2nd quarter valued at about $10,161,000.

Impinj Stock Down 1.3%

Shares of Impinj stock opened at $156.47 on Wednesday. The business has a 50-day moving average price of $181.60 and a 200 day moving average price of $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 P/E ratio of -355.61 and a beta of 1.50. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, October 29th. The company reported $0.58 EPS 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 company had revenue of $96.06 million for the quarter, compared to the consensus estimate of $92.71 million. During the same quarter last year, the business posted $0.56 EPS. Impinj’s quarterly revenue was up .9% compared to the same quarter last year. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the subject of a number of analyst reports. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Evercore ISI boosted their target price on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. UBS Group initiated coverage on shares of Impinj in a research note on Friday, November 7th. They issued a “neutral” rating and a $200.00 target price for the company. Susquehanna set a $255.00 price target on shares of Impinj in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Insider Buying and Selling at Impinj

In related news, insider Sylebra Capital Llc sold 1,373 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $161.04, for a total transaction of $221,107.92. Following the completion of the transaction, the insider directly owned 1,499,837 shares in the company, valued at $241,533,750.48. This represents a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 338,861 shares of company stock worth $56,525,804. 51.00% of the stock is currently owned by corporate insiders.

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.