Impinj, Inc. (NASDAQ:PI) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Impinj, Inc. (NASDAQ:PI) by 94.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,896 shares of the company’s stock after purchasing an additional 6,260 shares during the period. Intech Investment Management LLC’s holdings in Impinj were worth $1,873,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in shares of Impinj during the 3rd quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Impinj during the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted its holdings in shares of Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company’s stock valued at $53,000 after buying an additional 198 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Impinj in the 4th quarter valued at approximately $87,000.

Insider Transactions at Impinj

In other Impinj news, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $30,672.60. Following the sale, the insider now owns 6,979 shares in the company, valued at $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Cary Baker sold 499 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $72,883.94. Following the transaction, the chief financial officer now directly owns 71,107 shares of the company’s stock, valued at $10,385,888.42. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,323 shares of company stock worth $2,454,588. 51.00% of the stock is currently owned by company insiders.

Impinj Stock Down 4.3 %

PI opened at $90.05 on Friday. The stock’s 50 day moving average price is $111.38 and its two-hundred day moving average price is $160.12. The firm has a market capitalization of $2.57 billion, a P/E ratio of 66.21 and a beta of 1.98. Impinj, Inc. has a 12-month low of $84.17 and a 12-month high of $239.88.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. As a group, analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

PI has been the subject of a number of analyst reports. Needham & Company LLC reduced their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group cut their target price on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Susquehanna decreased their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.44.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.