Impinj, Inc. $PI Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in shares of Impinj, Inc. (NASDAQ:PI) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 13,644 shares of the company’s stock after selling 234 shares during the period. MetLife Investment Management LLC’s holdings in Impinj were worth $1,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock worth $36,000 after acquiring an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Impinj during the first quarter worth approximately $43,000. GAMMA Investing LLC grew its position in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock worth $65,000 after acquiring an additional 294 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Impinj during the fourth quarter worth approximately $156,000. Finally, KBC Group NV grew its position in shares of Impinj by 35.0% during the first quarter. KBC Group NV now owns 1,227 shares of the company’s stock worth $111,000 after acquiring an additional 318 shares during the last quarter.

Analyst Ratings Changes

PI has been the topic of a number of research reports. Cantor Fitzgerald raised their target price on shares of Impinj from $133.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Piper Sandler raised their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Susquehanna raised their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Finally, Needham & Company LLC raised their target price on shares of Impinj from $115.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.29.

Insiders Place Their Bets

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $180.64, for a total value of $903,200.00. Following the transaction, the chief executive officer directly owned 351,109 shares in the company, valued at $63,424,329.76. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.40% of the stock is currently owned by company insiders.

Impinj Stock Performance

NASDAQ:PI opened at $188.13 on Friday. The firm’s fifty day moving average price is $144.81 and its 200 day moving average price is $113.26. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 18,831.83 and a beta of 1.81.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The firm had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. During the same period last year, the firm posted $0.83 EPS. Impinj’s quarterly revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, sell-side analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.