The Manufacturers Life Insurance Company Buys New Stake in Impinj, Inc. $PI

The Manufacturers Life Insurance Company acquired a new position in Impinj, Inc. (NASDAQ:PI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 669,324 shares of the company’s stock, valued at approximately $95,867,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Impinj in the second quarter valued at approximately $637,286,000. Invesco Ltd. boosted its position in shares of Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after acquiring an additional 393,685 shares during the last quarter. Norges Bank purchased a new stake in shares of Impinj in the 4th quarter valued at approximately $55,216,000. William Blair Investment Management LLC purchased a new position in Impinj in the second quarter worth approximately $42,514,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Impinj during the 2nd quarter worth about $23,191,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PI shares. BMO Capital Markets initiated coverage on shares of Impinj in a report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price for the company. Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Evercore set a $144.00 price target on Impinj in a report on Thursday, April 30th. 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. Finally, UBS Group upped their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $183.30.

Impinj Stock Up 3.2%

Shares of NASDAQ:PI opened at $166.22 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $148.44 and its 200-day simple moving average is $130.80. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -180.67 and a beta of 1.94.

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

Insider Transactions at Impinj

In related news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were 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 owned 973,667 shares in the company, valued at $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 240,657 shares of company stock valued at $32,875,156. 6.80% of the stock is currently owned by corporate insiders.

Impinj 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).