KBC Group NV Lowers Holdings in Impinj, Inc. $PI

KBC Group NV lowered its stake in shares of Impinj, Inc. (NASDAQ:PI) by 35.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 793 shares of the company’s stock after selling 434 shares during the period. KBC Group NV’s holdings in Impinj were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PI. Envestnet Asset Management Inc. grew its holdings in Impinj by 450.1% during the first quarter. Envestnet Asset Management Inc. now owns 32,736 shares of the company’s stock worth $2,969,000 after acquiring an additional 26,785 shares during the period. Cetera Investment Advisers lifted its holdings in Impinj by 254.3% in the first quarter. Cetera Investment Advisers now owns 5,761 shares of the company’s stock valued at $523,000 after acquiring an additional 4,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Impinj by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,989 shares of the company’s stock worth $634,000 after purchasing an additional 660 shares in the last quarter. LPL Financial LLC grew its stake in shares of Impinj by 29.3% during the 1st quarter. LPL Financial LLC now owns 15,200 shares of the company’s stock worth $1,379,000 after purchasing an additional 3,442 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Impinj during the 1st quarter valued at approximately $1,033,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on PI shares. UBS Group assumed coverage on shares of Impinj in a report on Friday, November 7th. They set a “neutral” rating and a $200.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Needham & Company LLC increased their target price on shares of Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI raised their target price on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.33.

Insider Transactions at Impinj

In related news, Director Miron Washington sold 342 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total transaction of $54,357.48. Following the completion of the sale, the director directly owned 2,040 shares in the company, valued at approximately $324,237.60. The trade was a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the transaction, the chief executive officer owned 297,013 shares in the company, valued at $55,728,549.19. The trade was a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 389,126 shares of company stock valued at $73,966,992 over the last ninety days. Insiders own 12.40% of the company’s stock.

Impinj Stock Up 3.8%

Shares of NASDAQ PI opened at $153.57 on Friday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -349.01 and a beta of 1.83. The company’s 50-day simple moving average is $187.08 and its 200-day simple moving average is $153.07. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The firm had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. During the same period last year, the company posted $0.56 EPS. Impinj’s quarterly revenue was up .9% compared to the same quarter last year. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

About Impinj

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.