Thrivent Financial for Lutherans Has $11.02 Million Position in Impinj, Inc. $PI

Thrivent Financial for Lutherans lowered its stake in shares of Impinj, Inc. (NASDAQ:PI) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,327 shares of the company’s stock after selling 4,607 shares during the period. Thrivent Financial for Lutherans’ holdings in Impinj were worth $11,020,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its position in shares of Impinj by 4.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,123 shares of the company’s stock valued at $1,065,000 after buying an additional 260 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Impinj by 7.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after buying an additional 92 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Impinj by 51.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,374 shares of the company’s stock valued at $4,202,000 after buying an additional 7,974 shares during the last quarter. Danske Bank A S acquired a new position in shares of Impinj during the fourth quarter valued at about $35,000. Finally, New York State Teachers Retirement System raised its position in shares of Impinj by 21.3% during the fourth quarter. New York State Teachers Retirement System now owns 20,500 shares of the company’s stock valued at $3,567,000 after buying an additional 3,600 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PI shares. Roth Mkm cut their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Impinj in a research report on Friday, February 6th. Barclays increased their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $175.00 price target on shares of Impinj in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $175.00.

Impinj Stock Performance

NASDAQ:PI opened at $132.74 on Wednesday. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.04 billion, a PE ratio of -144.28 and a beta of 1.93. The firm has a 50-day moving average price of $115.09 and a 200 day moving average price of $141.34.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Impinj

In other news, Director Sylebra Capital Llc sold 25,896 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the completion of the sale, the director owned 1,070,085 shares of the company’s stock, valued at approximately $163,434,082.05. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

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).