BNP Paribas Financial Markets Increases Stake in Impinj, Inc. $PI

BNP Paribas Financial Markets raised its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 1,880.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 128,624 shares of the company’s stock after acquiring an additional 122,128 shares during the period. BNP Paribas Financial Markets’ holdings in Impinj were worth $22,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Impinj by 85.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock valued at $5,775,000 after acquiring an additional 13,759 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Impinj during the 3rd quarter valued at $2,784,000. Intech Investment Management LLC boosted its stake in Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after acquiring an additional 7,194 shares during the last quarter. William Blair Investment Management LLC bought a new position in Impinj during the 3rd quarter valued at $36,259,000. Finally, Aberdeen Group plc boosted its stake in Impinj by 193.8% during the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock valued at $11,900,000 after acquiring an additional 45,112 shares during the last quarter.

Impinj Price Performance

Shares of NASDAQ PI opened at $120.93 on Friday. The firm has a 50-day moving average of $127.24 and a two-hundred day moving average of $139.26. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, 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 have commented on the stock. 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. Evercore set a $144.00 target price on shares of Impinj in a report on Thursday, April 30th. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Piper Sandler reissued a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Finally, Roth Mkm dropped their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.00.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 6,313 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $139.17, for a total transaction of $878,580.21. Following the sale, the director owned 921,467 shares in the company, valued at approximately $128,240,562.39. The trade was a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 126,600 shares of company stock worth $18,691,471. 6.80% of the stock is currently owned by insiders.

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).