SFE Investment Counsel Acquires Shares of 3,220 Impinj, Inc. $PI

SFE Investment Counsel bought a new position in shares of Impinj, Inc. (NASDAQ:PI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,220 shares of the company’s stock, valued at approximately $461,000.

A number of other large investors have also modified their holdings of the business. Handelsbanken Fonder AB lifted its holdings in shares of Impinj by 59.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 10,200 shares of the company’s stock valued at $1,461,000 after buying an additional 3,800 shares during the period. Community Financial Services Group LLC acquired a new position in Impinj during the second quarter worth $85,000. Assenagon Asset Management S.A. acquired a new position in Impinj during the second quarter worth $879,000. Avior Wealth Management LLC purchased a new position in Impinj in the second quarter worth $243,000. Finally, Western Wealth Management LLC purchased a new position in Impinj in the first quarter worth $28,000.

Impinj Stock Performance

NASDAQ PI opened at $172.65 on Friday. The business has a 50 day moving average price of $143.42 and a 200 day moving average price of $130.40. The company has a market capitalization of $5.27 billion, a P/E ratio of -187.66 and a beta of 1.94. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. 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 posted its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.Impinj’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts expect that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, 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. The transaction was disclosed in a filing with the SEC, which is available through 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 business’s stock in a transaction dated 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 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 240,657 shares of company stock valued at $32,875,156 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on PI shares. Barclays raised their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Finally, UBS Group boosted their price objective on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average target price of $179.22.

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).