Taylor Frigon Capital Management LLC Reduces Stock Position in Impinj, Inc. $PI

Taylor Frigon Capital Management LLC cut its stake in Impinj, Inc. (NASDAQ:PI) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,967 shares of the company’s stock after selling 5,713 shares during the quarter. Impinj accounts for about 1.6% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Taylor Frigon Capital Management LLC owned 0.06% of Impinj worth $3,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Dakota Wealth Management bought a new stake in shares of Impinj during the 2nd quarter valued at $233,000. DNB Asset Management AS raised its holdings in Impinj by 39.6% in the 2nd quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock worth $811,000 after purchasing an additional 2,073 shares during the period. Truist Financial Corp lifted its position in Impinj by 71.1% during the second quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock valued at $1,007,000 after purchasing an additional 3,768 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Impinj during the second quarter valued at about $230,000. Finally, DLD Asset Management LP bought a new stake in Impinj during the second quarter valued at about $1,332,840,000.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 697,450 shares of company stock worth $110,643,153. 12.40% of the stock is owned by corporate insiders.

Impinj Trading Up 3.3%

Impinj stock opened at $179.76 on Friday. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $247.06. The firm’s 50 day moving average price is $169.73 and its 200-day moving average price is $163.69. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97. The stock has a market cap of $5.41 billion, a P/E ratio of -408.54 and a beta of 1.50.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. Impinj’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, equities analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PI shares. Piper Sandler lifted their price objective on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group began 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. Needham & Company LLC increased their price objective 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. Finally, Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

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).