Nordea Investment Management AB Sells 5,646 Shares of Impinj, Inc. $PI

Nordea Investment Management AB cut its stake in Impinj, Inc. (NASDAQ:PI) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,116 shares of the company’s stock after selling 5,646 shares during the quarter. Nordea Investment Management AB owned about 0.13% of Impinj worth $6,655,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth bought a new position in Impinj in the first quarter worth about $223,000. Intech Investment Management LLC lifted its position in shares of Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after buying an additional 3,812 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Impinj by 410.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,969 shares of the company’s stock valued at $219,000 after buying an additional 1,583 shares during the last quarter.

Impinj Stock Performance

Shares of Impinj stock opened at $101.78 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of -260.97 and a beta of 1.56. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $123.65 and a 200 day moving average price of $161.22. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $247.06.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The company had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. During the same quarter in the previous year, the firm earned $0.48 EPS. Impinj’s revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

PI has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Roth Mkm 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. Needham & Company LLC cut their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $167.63.

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).