Handelsbanken Fonder AB Buys 3,800 Shares of Impinj, Inc. $PI

Handelsbanken Fonder AB increased its stake in shares of Impinj, Inc. (NASDAQ:PI) by 59.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the company’s stock after buying an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Impinj were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Impinj by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after acquiring an additional 85,882 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Impinj by 6.5% during the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after purchasing an additional 78,587 shares in the last quarter. State Street Corp increased its position in shares of Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Impinj by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after purchasing an additional 18,263 shares during the period. Finally, Geode Capital Management LLC raised its stake in Impinj by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock valued at $116,195,000 after purchasing an additional 42,792 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. UBS Group increased their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.22.

Insiders Place Their Bets

In other news, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at approximately $16,321,810. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 240,657 shares of company stock worth $32,875,156. Insiders own 6.80% of the company’s stock.

Impinj Stock Down 2.1%

Shares of NASDAQ PI opened at $168.07 on Wednesday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of -182.68 and a beta of 1.94. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The stock has a 50-day moving average price of $145.12 and a two-hundred day moving average price of $130.29.

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

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).