BNP Paribas Financial Markets Increases Holdings in Impinj, Inc. $PI

BNP Paribas Financial Markets increased its stake in Impinj, Inc. (NASDAQ:PI) by 1,880.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,624 shares of the company’s stock after purchasing an additional 122,128 shares during the quarter. BNP Paribas Financial Markets owned about 0.43% of Impinj worth $22,382,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PI. Advisors Asset Management Inc. boosted its stake 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 buying an additional 140 shares during the period. Goldman Sachs Group Inc. raised its position in Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth purchased a new stake in Impinj during the first quarter valued at about $223,000. Intech Investment Management LLC raised its position in 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 purchasing an additional 3,812 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Impinj during the second quarter valued at about $3,833,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PI shares. Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald lowered their price target on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Impinj presently has an average rating of “Hold” and an average target price of $175.00.

Insiders Place Their Bets

In related news, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the transaction, the director owned 973,667 shares in the company, valued at $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 126,600 shares of company stock worth $18,691,471 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

Impinj Trading Down 11.2%

NASDAQ:PI opened at $120.93 on Friday. The company’s 50 day moving average price is $127.24 and its 200-day moving average price is $139.26. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, equities research analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

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).