Ardsley Advisory Partners LP Invests $1.13 Million in Impinj, Inc. $PI

Ardsley Advisory Partners LP purchased a new position in Impinj, Inc. (NASDAQ:PI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,500 shares of the company’s stock, valued at approximately $1,131,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Impinj by 85.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock valued at $5,775,000 after purchasing an additional 13,759 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Impinj during the third quarter valued at $2,784,000. Intech Investment Management LLC raised its holdings in Impinj by 63.5% during the fourth quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after acquiring an additional 7,194 shares during the period. Aberdeen Group plc raised its holdings in Impinj by 193.8% during the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock valued at $11,900,000 after acquiring an additional 45,112 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Impinj during the third quarter valued at about $36,259,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PI shares. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays raised their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC reissued a “buy” rating and set a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. UBS Group raised their price target on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Roth Mkm decreased their price target on Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $175.00.

Insider Activity

In related news, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction that occurred 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 owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 265,124 shares of company stock valued at $36,565,887 in the last ninety days. 6.80% of the stock is currently owned by insiders.

Impinj Stock Down 4.6%

Shares of NASDAQ PI opened at $123.62 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -134.37 and a beta of 1.91. The stock has a 50 day moving average price of $131.75 and a 200 day moving average price of $137.57. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 5.67% and a negative net margin of 7.66%.Impinj’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Sell-side analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current 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).