227 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 227 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC boosted its holdings in Impinj by 210.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 8,569 shares of the company’s stock valued at $1,855,000 after purchasing an additional 5,807 shares during the period. Nordea Investment Management AB bought a new stake in Impinj in the 4th quarter valued at about $3,341,000. Thrivent Financial for Lutherans bought a new stake in Impinj in the 3rd quarter valued at about $3,872,000. Teachers Retirement System of The State of Kentucky bought a new stake in Impinj in the 3rd quarter valued at about $846,000. Finally, Intech Investment Management LLC bought a new stake in Impinj in the 3rd quarter valued at about $1,437,000.

Analysts Set New Price Targets

Several brokerages have recently commented on PI. Cantor Fitzgerald upgraded shares of Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their target price on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Piper Sandler dropped their target price on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC dropped their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

Impinj Stock Performance

NASDAQ:PI opened at $91.16 on Thursday. The firm’s fifty day moving average is $118.43 and its 200-day moving average is $163.18. Impinj, Inc. has a 52 week low of $84.17 and a 52 week high of $239.88. The firm has a market cap of $2.60 billion, a P/E ratio of 67.03 and a beta of 1.98.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. As a group, sell-side analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Chris Ph.D. Diorio sold 8,334 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.78, for a total value of $823,232.52. Following the transaction, the chief executive officer now owns 354,076 shares of the company’s stock, valued at approximately $34,975,627.28. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cathal G. Phelan sold 210 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the completion of the sale, the insider now directly owns 6,979 shares of the company’s stock, valued at approximately $1,019,352.74. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,323 shares of company stock valued at $2,454,588. 51.00% of the stock is owned by company insiders.

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.