Impinj (NASDAQ:PI) Raised to Strong-Buy at BMO Capital Markets

Impinj (NASDAQ:PI) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently weighed in on PI. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Barclays upped their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC reduced their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.30.

Impinj Price Performance

NASDAQ:PI opened at $165.54 on Thursday. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of -179.93 and a beta of 1.94. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The business has a 50 day simple moving average of $147.22 and a 200-day simple moving average of $130.80. 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 released its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Equities analysts forecast that Impinj will post 0.37 EPS for the current year.

Insider Buying and Selling at Impinj

In related news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their position. 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. Over the last quarter, insiders have sold 240,657 shares of company stock valued at $32,875,156. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Impinj

A number of institutional investors have recently modified their holdings of PI. Western Wealth Management LLC bought a new stake in shares of Impinj during the first quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new position in Impinj in the second quarter worth approximately $31,000. Danske Bank A S bought a new position in Impinj in the fourth quarter worth approximately $35,000. Bamco Inc. NY purchased a new position in Impinj during the 2nd quarter worth $45,000. Finally, Advisors Asset Management Inc. increased its holdings in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 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).