Stephens Investment Management Group LLC Buys 22,579 Shares of Impinj, Inc. $PI

Stephens Investment Management Group LLC grew its stake in shares of Impinj, Inc. (NASDAQ:PI) by 63.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,326 shares of the company’s stock after buying an additional 22,579 shares during the period. Stephens Investment Management Group LLC’s holdings in Impinj were worth $10,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after acquiring an additional 393,685 shares during the period. William Blair Investment Management LLC bought a new position in shares of Impinj in the third quarter worth approximately $36,259,000. Oberweis Asset Management Inc. bought a new position in shares of Impinj in the third quarter worth approximately $19,362,000. Bank of America Corp DE increased its stake in shares of Impinj by 180.9% in the second quarter. Bank of America Corp DE now owns 159,592 shares of the company’s stock worth $17,726,000 after purchasing an additional 102,779 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Impinj in the third quarter worth $18,573,000.

Insider Buying and Selling

In other Impinj news, Director Sylebra Capital Llc sold 25,896 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the completion of the transaction, the director owned 1,070,085 shares in the company, valued at $163,434,082.05. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.80% of the company’s stock.

Impinj Price Performance

Shares of NASDAQ:PI opened at $138.72 on Monday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of -150.78 and a beta of 1.93. The firm has a fifty day moving average price of $113.53 and a 200 day moving average price of $142.79. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

Impinj (NASDAQ:PI) last announced its quarterly 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 for 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%. Impinj’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, sell-side analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PI shares. Needham & Company LLC restated a “buy” rating and set a $175.00 target price on shares of Impinj in a research note on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $200.00 price target on shares of Impinj in a research note on Friday, February 6th. Evercore set a $144.00 price target on Impinj in a report on Thursday, April 30th. Barclays boosted their price objective on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Roth Mkm cut their target price on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.00.

Impinj Company 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).