Impinj (NASDAQ:PI) Shares Down 9.8% – Here’s Why

Impinj, Inc. (NASDAQ:PI)’s stock price was down 9.8% during trading on Thursday . The stock traded as low as $101.33 and last traded at $101.68. Approximately 724,256 shares traded hands during trading, a decline of 6% from the average daily volume of 771,253 shares. The stock had previously closed at $112.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PI shares. Zacks Research lowered Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. UBS Group set a $155.00 target price on Impinj in a research note on Friday, February 6th. Needham & Company LLC reduced their target price on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Cantor Fitzgerald decreased their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj has an average rating of “Hold” and an average price target of $173.38.

Impinj Trading Down 10.5%

The firm has a 50 day moving average price of $151.42 and a two-hundred day moving average price of $170.30. The firm has a market capitalization of $3.05 billion, a P/E ratio of -258.71 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The firm had revenue of $92.85 million for the quarter, compared to analysts’ expectations of $91.87 million. During the same quarter last year, the business posted $0.48 EPS. Impinj’s revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, equities research analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at $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 is available at this link. Over the last 90 days, insiders sold 369,058 shares of company stock worth $56,016,640. Insiders own 12.40% of the company’s stock.

Institutional Trading of Impinj

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DLD Asset Management LP acquired a new stake in Impinj in the 2nd quarter worth approximately $1,332,840,000. Vanguard Group Inc. raised its position in shares of Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after buying an additional 85,882 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Impinj by 6.5% in the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after buying an additional 78,587 shares during the period. State Street Corp grew its position in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after acquiring an additional 18,263 shares during the period.

Impinj Company Profile

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).