Impinj, Inc. (NASDAQ:PI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Impinj, Inc. (NASDAQ:PI) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,398 shares of the company’s stock after purchasing an additional 20,158 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Impinj worth $30,998,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Impinj in the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new stake in Impinj during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp increased its stake in Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. IFP Advisors Inc increased its stake in Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company’s stock worth $53,000 after buying an additional 198 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in Impinj during the 4th quarter worth approximately $87,000.

Impinj Price Performance

PI stock opened at $90.34 on Monday. The business has a 50 day simple moving average of $116.06 and a 200-day simple moving average of $162.14. The firm has a market capitalization of $2.58 billion, a PE ratio of 66.43 and a beta of 1.98. Impinj, Inc. has a 1 year low of $84.17 and a 1 year high of $239.88.

Impinj (NASDAQ:PI) last released 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%. On average, equities research analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,504 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the transaction, the chief executive officer now directly owns 331,572 shares in the company, valued at $48,482,457.84. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cathal G. Phelan sold 210 shares of the company’s stock in a transaction 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 transaction, the insider now owns 6,979 shares in the company, valued at $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. Over the last three months, insiders have sold 22,323 shares of company stock worth $2,454,588. Insiders own 51.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PI shares. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Needham & Company LLC cut their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Piper Sandler cut their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.44.

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.