K.J. Harrison & Partners Inc Invests $2.29 Million in Impinj, Inc. $PI

K.J. Harrison & Partners Inc acquired a new stake in Impinj, Inc. (NASDAQ:PI) during the second quarter, HoldingsChannel reports. The firm acquired 16,000 shares of the company’s stock, valued at approximately $2,292,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Impinj during the second quarter worth approximately $637,286,000. Vanguard Group Inc. boosted its holdings in Impinj by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after purchasing an additional 85,882 shares in the last quarter. Invesco Ltd. increased its stake in 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 purchasing an additional 78,587 shares during the last quarter. State Street Corp increased its stake in Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 worth $120,519,000 after purchasing an additional 18,263 shares in the last quarter.

Impinj Stock Performance

Shares of Impinj stock opened at $171.71 on Tuesday. The firm’s fifty day simple moving average is $144.26 and its 200-day simple moving average is $130.24. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -186.64 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. Impinj’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the sale, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 240,657 shares of company stock worth $32,875,156. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PI. Jefferies Financial Group boosted their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. UBS Group boosted their price target on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Needham & Company LLC decreased their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Impinj in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.22.

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).