Next Century Growth Investors LLC Reduces Holdings in Impinj, Inc. $PI

Next Century Growth Investors LLC trimmed its stake in Impinj, Inc. (NASDAQ:PI) by 83.3% in the 4th quarter, HoldingsChannel reports. The firm owned 17,444 shares of the company’s stock after selling 87,197 shares during the quarter. Next Century Growth Investors LLC’s holdings in Impinj were worth $3,035,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. lifted its position in shares of Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares during the period. Danske Bank A S purchased a new stake in shares of Impinj in the 4th quarter worth about $35,000. Rothschild Investment LLC increased its stake in shares of Impinj by 572.5% in the 3rd quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock worth $49,000 after acquiring an additional 229 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Impinj by 41.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after acquiring an additional 100 shares in the last quarter.

Analyst Upgrades and Downgrades

PI has been the subject of several research reports. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Barclays increased their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price target on shares of Impinj in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.00.

Impinj Price Performance

Shares of Impinj stock opened at $132.77 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The company has a 50-day moving average of $130.01 and a 200 day moving average of $138.43. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of -144.32 and a beta of 1.91. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $74.25 million during the quarter, compared to analyst estimates 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 was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, sell-side analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director directly owned 782,943 shares in the company, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by company insiders.

Impinj 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).