Geode Capital Management LLC Grows Stock Holdings in Impinj, Inc. $PI

Geode Capital Management LLC raised its stake in Impinj, Inc. (NASDAQ:PI) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 667,647 shares of the company’s stock after buying an additional 42,792 shares during the period. Geode Capital Management LLC owned about 2.22% of Impinj worth $116,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after buying an additional 75 shares during the period. Bessemer Group Inc. boosted its position in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Danske Bank A S purchased a new stake in Impinj in the 4th quarter valued at about $35,000. Advisors Asset Management Inc. boosted its position in Impinj by 39.9% in the 1st 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. Finally, Rothschild Investment LLC raised its holdings in shares of Impinj by 572.5% in the 3rd quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock valued at $49,000 after purchasing an additional 229 shares in the last quarter.

Impinj Trading Down 11.2%

NASDAQ PI opened at $120.93 on Friday. 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 firm has a market cap of $3.68 billion, a PE ratio of -131.45 and a beta of 1.91. The company has a 50 day moving average price of $127.24 and a 200 day moving average price of $139.26. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, sell-side analysts forecast that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Barclays boosted their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Cantor Fitzgerald reduced their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Evercore set a $144.00 price target on shares of Impinj in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $175.00.

Insider Activity at Impinj

In related news, Director Sylebra Capital Llc sold 48,504 shares of the business’s 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 completion of the transaction, the director owned 973,667 shares in the company, valued at $146,809,510.26. The trade was a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 126,600 shares of company stock worth $18,691,471. Insiders own 6.80% of the company’s stock.

Impinj Company 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).