Assetmark Inc. Boosts Stock Position in Impinj, Inc. $PI

Assetmark Inc. grew its position in shares of Impinj, Inc. (NASDAQ:PI) by 21,027.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,648 shares of the company’s stock after purchasing an additional 4,626 shares during the quarter. Assetmark Inc.’s holdings in Impinj were worth $477,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Impinj by 85.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after acquiring an additional 13,759 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after purchasing an additional 7,194 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Impinj by 193.8% during the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock valued at $11,900,000 after purchasing an additional 45,112 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Impinj in the 4th quarter worth $17,880,000. Finally, Stephens Investment Management Group LLC raised its position in Impinj by 36.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company’s stock worth $8,168,000 after purchasing an additional 21,205 shares during the period.

Impinj Price Performance

PI stock opened at $127.55 on Monday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -138.64 and a beta of 1.92. The firm’s 50-day moving average price is $137.90 and its two-hundred day moving average price is $132.01. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company 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 for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on PI shares. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. 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. Evercore set a $144.00 price objective on Impinj in a report on Thursday, April 30th. Barclays boosted their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.00.

Insider Buying and Selling

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was 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 of the company’s stock, valued at $146,809,510.26. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 265,124 shares of company stock worth $36,565,887. Corporate insiders own 6.80% of the company’s stock.

About Impinj

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).