Impinj, Inc. $PI Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Impinj, Inc. (NASDAQ:PI) by 51.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,374 shares of the company’s stock after acquiring an additional 7,974 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Impinj worth $4,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PI. Advisors Asset Management Inc. lifted its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after buying an additional 26,388 shares during the period. Focus Partners Wealth acquired a new stake in shares of Impinj during the first quarter worth $223,000. Intech Investment Management LLC lifted its stake in shares of Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Impinj during the second quarter worth $3,833,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on PI. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. UBS Group lifted their price objective on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Cantor Fitzgerald lowered their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.00.

Impinj Trading Up 0.5%

NASDAQ PI opened at $153.74 on Tuesday. The company has a market capitalization of $4.68 billion, a PE ratio of -167.11 and a beta of 1.93. The company has a fifty day moving average of $111.39 and a 200 day moving average of $145.17. 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 1.18, a current ratio of 9.20 and a quick ratio of 6.55.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current 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).