Van ECK Associates Corp Buys 4,251 Shares of Impinj, Inc. $PI

Van ECK Associates Corp boosted its stake in Impinj, Inc. (NASDAQ:PI) by 31.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,637 shares of the company’s stock after purchasing an additional 4,251 shares during the period. Van ECK Associates Corp owned approximately 0.06% of Impinj worth $2,526,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Impinj in the 2nd quarter worth $637,286,000. Invesco Ltd. increased its position in Impinj by 6.5% during the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after acquiring an additional 78,587 shares during the last quarter. State Street Corp increased its position in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after acquiring an additional 124,792 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Impinj by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after acquiring an additional 18,263 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Impinj in the second quarter valued at about $95,867,000.

Impinj Stock Up 0.0%

Shares of PI stock opened at $175.11 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -190.34 and a beta of 1.92. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The company’s fifty day moving average price is $154.24 and its 200-day moving average price is $133.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

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

Insider Activity

In related news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 59,062 shares of company stock valued at $7,676,438 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PI has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price target on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Needham & Company LLC cut their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, BMO Capital Markets began coverage on shares of Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.30.

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).