Emerald Advisers LLC Increases Position in Impinj, Inc. $PI

by · The Cerbat Gem

Emerald Advisers LLC lifted its stake in Impinj, Inc. (NASDAQ:PI – Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,615 shares of the company’s stock after purchasing an additional 22,813 shares during the period. Emerald Advisers LLC’s holdings in Impinj were worth $18,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in Impinj by 2.7% during the first quarter. Principal Financial Group Inc. now owns 131,645 shares of the company’s stock worth $13,520,000 after buying an additional 3,496 shares during the period. SFE Investment Counsel increased its holdings in Impinj by 4.6% during the 1st quarter. SFE Investment Counsel now owns 3,525 shares of the company’s stock valued at $362,000 after acquiring an additional 155 shares in the last quarter. Fifth Third Bancorp raised its position in Impinj by 4,821.8% during the first quarter. Fifth Third Bancorp now owns 8,564 shares of the company’s stock worth $880,000 after acquiring an additional 8,390 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in Impinj by 19.8% during the first quarter. Kornitzer Capital Management Inc. KS now owns 10,226 shares of the company’s stock worth $1,050,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Impinj by 19.3% in the first quarter. Kestra Advisory Services LLC now owns 2,730 shares of the company’s stock valued at $280,000 after purchasing an additional 441 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. UBS Group raised their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Roth Capital lowered their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $175.00.

Get Our Latest Stock Analysis on Impinj

Impinj Trading Up 1.4%

NASDAQ:PI opened at $146.02 on Tuesday. The business’s 50-day moving average is $140.06 and its two-hundred day moving average is $134.41. The firm has a market capitalization of $4.45 billion, a PE ratio of -158.72 and a beta of 1.92. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55.

Impinj (NASDAQ:PI – Get Free Report) last posted its 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 business had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 value of $1,541,692.80. Following the transaction, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 265,124 shares of company stock worth $36,565,887 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Impinj Company Profile

(Free Report)

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).

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