Greenwood Capital Associates LLC Takes $461,000 Position in Impinj, Inc. $PI

Greenwood Capital Associates LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,493 shares of the company’s stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also made changes to their positions in PI. Danske Bank A S purchased a new stake in Impinj during the 4th quarter worth $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 last quarter. Daiwa Securities Group Inc. grew its stake in shares of Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after acquiring an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Impinj during the fourth quarter valued at about $60,000. Finally, Larson Financial Group LLC increased its position in shares of Impinj by 7,100.0% during the fourth quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock worth $63,000 after acquiring an additional 355 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on PI shares. UBS Group boosted their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and set a $175.00 price objective on shares of Impinj in a report on Thursday, April 30th. Roth Capital cut their target price on Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays increased 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. 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 data from MarketBeat.com, Impinj currently has a consensus rating of “Hold” and an average price target of $175.00.

Insider Activity

In related 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 transaction of $1,541,692.80. Following the transaction, the director directly owned 782,943 shares in the company, valued at $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 265,124 shares of company stock worth $36,565,887. Corporate insiders own 6.80% of the company’s stock.

Impinj Stock Up 0.9%

Shares of Impinj stock opened at $144.40 on Friday. The business has a 50-day moving average price of $139.56 and a 200 day moving average price of $134.83. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The firm has a market cap of $4.40 billion, a P/E ratio of -156.96 and a beta of 1.92. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $74.25 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, sell-side analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

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).