Impinj, Inc. (NASDAQ:PI) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,864 shares of the company's stock after acquiring an additional 10,594 shares during the quarter. Royce & Associates LP owned about 0.74% of Impinj worth $30,340,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Impinj by 2.0% during the 4th quarter. Swiss National Bank now owns 47,000 shares of the company's stock worth $6,827,000 after acquiring an additional 900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Impinj by 77.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,391 shares of the company's stock worth $9,063,000 after purchasing an additional 27,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Impinj by 17.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,329 shares of the company's stock valued at $919,000 after purchasing an additional 923 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Impinj by 57.5% in the 4th quarter. AlphaQuest LLC now owns 1,482 shares of the company's stock worth $215,000 after purchasing an additional 541 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Impinj during the 4th quarter worth $1,126,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PI shares. StockNews.com downgraded Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Cantor Fitzgerald upgraded shares of Impinj to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler dropped their target price on shares of Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Finally, Susquehanna lowered their price objective on shares of Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.44.

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Insider Activity at Impinj

In other Impinj news, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total value of $30,672.60. Following the completion of the transaction, the insider now owns 6,979 shares of the company's stock, valued at approximately $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Ph.D. Diorio sold 1,504 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the completion of the transaction, the chief executive officer now owns 331,572 shares of the company's stock, valued at approximately $48,482,457.84. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,323 shares of company stock worth $2,454,588. 51.00% of the stock is owned by corporate insiders.

Impinj Stock Down 4.3 %

Shares of NASDAQ:PI traded down $4.01 during midday trading on Thursday, reaching $90.05. The company's stock had a trading volume of 359,764 shares, compared to its average volume of 525,030. The stock has a fifty day moving average of $112.58 and a 200 day moving average of $160.61. Impinj, Inc. has a twelve month low of $84.17 and a twelve month high of $239.88. The firm has a market capitalization of $2.57 billion, a PE ratio of 66.21 and a beta of 1.98.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. Sell-side analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Impinj Company 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.