Norges Bank Acquires New Shares in Impinj, Inc. $PI

Norges Bank acquired a new stake in Impinj, Inc. (NASDAQ:PI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 317,313 shares of the company’s stock, valued at approximately $55,216,000. Norges Bank owned approximately 1.05% of Impinj at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Danske Bank A S bought a new position in shares of Impinj during the 4th quarter valued at $35,000. Rothschild Investment LLC lifted its holdings in shares of Impinj by 572.5% during the 3rd quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock valued at $49,000 after buying an additional 229 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Impinj by 7,100.0% during the 4th quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock valued at $63,000 after buying an additional 355 shares during the period.

Impinj Stock Performance

NASDAQ:PI opened at $120.93 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The business has a fifty day moving average price of $127.24 and a 200-day moving average price of $139.22.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.Impinj’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Sell-side analysts forecast that Impinj, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

PI has been the topic of several research analyst reports. UBS Group increased their price target on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Needham & Company LLC reissued a “buy” rating and set a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Barclays increased their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.00.

Insider Activity at Impinj

In other news, Director Sylebra Capital Llc sold 6,313 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $139.17, for a total value of $878,580.21. Following the completion of the sale, the director directly owned 921,467 shares in the company, valued at $128,240,562.39. This represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 126,600 shares of company stock valued at $18,691,471. Corporate insiders own 6.80% of the company’s stock.

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).