Impinj, Inc. $PI Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in Impinj, Inc. (NASDAQ:PI) by 40.1% during the first quarter, Holdings Channel reports. The firm owned 28,014 shares of the company’s stock after purchasing an additional 8,023 shares during the period. Janus Henderson Group PLC’s holdings in Impinj were worth $2,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC boosted 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 worth $3,225,000 after buying an additional 7,194 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after buying an additional 409,182 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Impinj by 4,821.8% during the 1st quarter. Fifth Third Bancorp now owns 8,564 shares of the company’s stock valued at $880,000 after acquiring an additional 8,390 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Impinj by 36.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company’s stock valued at $8,168,000 after acquiring an additional 21,205 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of Impinj during the 4th quarter worth $17,880,000.

Impinj Trading Up 6.7%

NASDAQ:PI opened at $183.36 on Friday. The stock has a market cap of $5.60 billion, a PE ratio of -199.30 and a beta of 1.94. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The stock’s 50-day moving average is $139.40 and its two-hundred day moving average is $129.86.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 239,228 shares of company stock valued at $32,610,791. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PI has been the topic of a number of recent research reports. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. UBS Group lifted 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. Jefferies Financial Group boosted their price objective on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC reduced their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.22.

About Impinj

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).