Polymer Capital Management HK LTD Invests $2.69 Million in Impinj, Inc. $PI

Polymer Capital Management HK LTD purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,769 shares of the company’s stock, valued at approximately $2,688,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PI. Advisors Asset Management Inc. lifted its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Impinj during the 1st quarter valued at about $223,000. Intech Investment Management LLC grew its holdings in Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Impinj during the 2nd quarter worth $3,833,000.

Impinj Stock Performance

Shares of NASDAQ PI opened at $165.54 on Monday. 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 capitalization of $5.06 billion, a P/E ratio of -179.93 and a beta of 1.94. 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 company’s 50 day simple moving average is $147.22 and its 200 day simple moving average is $130.68.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million for 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 business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts predict that Impinj, Inc. will post 0.37 EPS for the current year.

Insider Buying and Selling

In other news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 782,943 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 240,657 shares of company stock valued at $32,875,156. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PI shares. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets started coverage on Impinj in a research note on Thursday. They issued an “outperform” rating and a $220.00 target price for the company. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. UBS Group upped their target price on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Needham & Company LLC cut their price target 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.30.

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).