Impinj’s (PI) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Impinj (NASDAQ:PI) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $255.00 price objective on the stock.

Several other analysts have also recently issued reports on the stock. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. 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. Susquehanna set a $255.00 price target on shares of Impinj in a research report on Thursday, October 30th. Barclays boosted their price objective on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald increased their target price on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average target price of $226.33.

Impinj Price Performance

Shares of NASDAQ PI opened at $161.93 on Friday. Impinj has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The business has a 50 day moving average price of $167.76 and a two-hundred day moving average price of $170.27. 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 firm has a market cap of $4.88 billion, a PE ratio of -368.01 and a beta of 1.52.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $92.71 million. During the same period in the prior year, the company posted $0.56 EPS. Impinj’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. Sell-side analysts expect that Impinj will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 697,450 shares of company stock worth $110,643,153 over the last three months. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PI. CoreCap Advisors LLC bought a new stake in Impinj in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Impinj in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. lifted its position in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Impinj during the 3rd quarter valued at about $31,000. Finally, Bessemer Group Inc. boosted its stake in Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).