MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.58 Million Stock Position in Impinj, Inc. $PI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Impinj, Inc. (NASDAQ:PI) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,484 shares of the company’s stock after buying an additional 6,748 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of Impinj worth $4,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Impinj by 6.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company’s stock worth $238,000 after buying an additional 106 shares during the period. Advisors Asset Management Inc. boosted 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 worth $45,000 after buying an additional 140 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Impinj by 7.2% in the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company’s stock worth $203,000 after buying an additional 150 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock worth $36,000 after buying an additional 171 shares during the period. Finally, CWM LLC boosted its holdings in shares of Impinj by 3.3% in the first quarter. CWM LLC now owns 5,818 shares of the company’s stock worth $528,000 after buying an additional 185 shares during the period.

Insider Activity at Impinj

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $2,803,650 over the last 90 days. Company insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna increased their price target 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. Cantor Fitzgerald increased their price target 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 increased their price target 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. Finally, Needham & Company LLC raised their price objective on shares of Impinj from $115.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average target price of $163.29.

Impinj Trading Down 3.5%

NASDAQ:PI opened at $183.43 on Friday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $239.88. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 18,361.36 and a beta of 1.81. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $152.73 and its 200-day moving average is $116.43.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS 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 company had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Equities analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Impinj Profile

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.