14,636 Shares in Impinj, Inc. (NASDAQ:PI) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in Impinj, Inc. (NASDAQ:PI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,636 shares of the company’s stock, valued at approximately $2,126,000. Illinois Municipal Retirement Fund owned about 0.05% of Impinj at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new stake in shares of Impinj during the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC increased its holdings in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after buying an additional 141 shares during the last quarter. IFP Advisors Inc raised its position in Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company’s stock worth $53,000 after acquiring an additional 198 shares in the last quarter. Spire Wealth Management acquired a new stake in Impinj in the fourth quarter valued at $87,000. Finally, KBC Group NV grew its position in shares of Impinj by 33.5% in the 4th quarter. KBC Group NV now owns 909 shares of the company’s stock valued at $132,000 after acquiring an additional 228 shares during the period.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of research analyst reports. Needham & Company LLC dropped their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald upgraded Impinj to a “strong-buy” rating in a research note on Thursday. Susquehanna cut their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group cut their price target on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

Impinj Stock Up 5.7 %

PI stock opened at $96.66 on Friday. The company has a market cap of $2.76 billion, a PE ratio of 71.07 and a beta of 1.88. Impinj, Inc. has a 52 week low of $89.43 and a 52 week high of $239.88. The business has a 50-day simple moving average of $126.92 and a 200 day simple moving average of $166.83.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity at Impinj

In other news, CFO Cary Baker sold 499 shares of Impinj stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $72,883.94. Following the transaction, the chief financial officer now owns 71,107 shares in the company, valued at approximately $10,385,888.42. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cathal G. Phelan sold 210 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $30,672.60. Following the completion of the sale, the insider now directly owns 6,979 shares in the company, valued at approximately $1,019,352.74. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,323 shares of company stock valued at $2,454,588. 51.00% of the stock is owned by insiders.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.