William Blair Investment Management LLC Takes Position in Impinj, Inc. $PI

William Blair Investment Management LLC bought a new stake in Impinj, Inc. (NASDAQ:PI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 296,821 shares of the company’s stock, valued at approximately $42,514,000.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in Impinj in the first quarter worth approximately $28,000. Global Retirement Partners LLC bought a new stake in shares of Impinj during the second quarter valued at approximately $31,000. Danske Bank A S bought a new stake in Impinj during the 4th quarter valued at $35,000. Advisors Asset Management Inc. increased its position 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 acquiring an additional 140 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new stake in Impinj during the 2nd quarter worth approximately $52,000.

Impinj Stock Performance

PI stock opened at $165.54 on Friday. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.06 billion, a PE ratio of -179.93 and a beta of 1.94. The business has a 50 day moving average of $147.22 and a 200-day moving average of $130.80. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same period last year, the company posted $0.80 earnings per share. Impinj’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

PI has been the subject of a number of analyst reports. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. UBS Group upped their target price 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 upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Needham & Company LLC lowered their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.30.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares in the company, valued at $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 240,657 shares of company stock valued at $32,875,156. Insiders own 6.80% of the company’s stock.

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).