Verdence Capital Advisors LLC Makes New Investment in Impinj, Inc. $PI

Verdence Capital Advisors LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,040 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Impinj by 7.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock worth $741,000 after purchasing an additional 535 shares in the last quarter. KBC Group NV increased its holdings in shares of Impinj by 35.0% during the first quarter. KBC Group NV now owns 1,227 shares of the company’s stock worth $111,000 after buying an additional 318 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock worth $65,000 after buying an additional 294 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Impinj by 46.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company’s stock worth $280,000 after buying an additional 975 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Impinj by 3.3% during the first quarter. CWM LLC now owns 5,818 shares of the company’s stock worth $528,000 after buying an additional 185 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Impinj in a report on Monday, September 15th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Barclays assumed coverage on Impinj in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price target for the company. Finally, Piper Sandler increased their price target on Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

Impinj Stock Performance

Shares of Impinj stock opened at $201.32 on Friday. Impinj, Inc. has a one year low of $60.85 and a one year high of $238.98. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20,152.15 and a beta of 1.83. The business has a 50-day simple moving average of $183.99 and a 200 day simple moving average of $133.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million during the quarter, compared to analyst estimates of $93.78 million. During the same period in the previous year, the company posted $0.83 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, research analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the sale, the chief executive officer directly owned 297,013 shares of the company’s stock, valued at $55,728,549.19. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company’s stock, valued at $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 324,096 shares of company stock valued at $63,353,832 over the last ninety days. 12.40% of the stock is currently owned by corporate insiders.

About Impinj

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.