Squarepoint Ops LLC Has $16.74 Million Holdings in Impinj, Inc. $PI

Squarepoint Ops LLC raised its stake in Impinj, Inc. (NASDAQ:PI) by 120.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,850 shares of the company’s stock after acquiring an additional 63,798 shares during the quarter. Squarepoint Ops LLC owned approximately 0.38% of Impinj worth $16,736,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Swiss Life Asset Management Ltd boosted its holdings in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after acquiring an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Impinj by 4.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares during the last quarter. Xponance LLC raised its position in Impinj by 4.9% in the fourth quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after purchasing an additional 99 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Impinj by 35.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on PI. BMO Capital Markets initiated coverage on shares of Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price on the stock. Zacks Research lowered shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. 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 note on Thursday, July 30th. Jefferies Financial Group increased their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.30.

Insider Buying and Selling

In other news, CFO Cary Baker sold 1,429 shares of the firm’s 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 sale, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at $16,321,810. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 6.80% of the company’s stock.

Impinj Trading Down 4.1%

NASDAQ:PI opened at $164.70 on Thursday. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of -179.02 and a beta of 1.92. The firm has a fifty day simple moving average of $156.82 and a two-hundred day simple moving average of $134.66.

Impinj (NASDAQ:PI) last issued its 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 company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.Impinj’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Analysts expect that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

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).