Impinj, Inc. $PI Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 4,821.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,564 shares of the company’s stock after purchasing an additional 8,390 shares during the quarter. Fifth Third Bancorp’s holdings in Impinj were worth $880,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Impinj by 48.3% in the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares in the last quarter. Norges Bank purchased a new position in Impinj during the fourth quarter valued at $55,216,000. State Street Corp grew its position in shares of Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the period. BNP Paribas Financial Markets grew its position in shares of Impinj by 1,880.0% in the fourth quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock valued at $22,382,000 after purchasing an additional 122,128 shares during the period. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of Impinj during the third quarter worth about $19,362,000.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PI has been the subject of several research analyst reports. Barclays upped their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group raised their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Impinj currently has an average rating of “Hold” and a consensus target price of $175.00.

Impinj Stock Performance

Shares of Impinj stock opened at $127.55 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The stock’s 50 day simple moving average is $137.90 and its 200-day simple moving average is $132.01. The stock has a market cap of $3.89 billion, a P/E ratio of -138.64 and a beta of 1.92. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06.

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

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).