Swiss National Bank Sells 200 Shares of Impinj, Inc. (NASDAQ:PI)

Swiss National Bank reduced its stake in Impinj, Inc. (NASDAQ:PI) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,100 shares of the company’s stock after selling 200 shares during the period. Swiss National Bank’s holdings in Impinj were worth $9,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Bank & Trust grew its holdings in Impinj by 3.2% during the third quarter. First Bank & Trust now owns 1,768 shares of the company’s stock valued at $383,000 after purchasing an additional 55 shares during the period. Farther Finance Advisors LLC increased its position in shares of Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. KBC Group NV raised its stake in Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after buying an additional 156 shares during the period. Hsbc Holdings PLC lifted its holdings in Impinj by 7.3% during the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after acquiring an additional 190 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Impinj by 0.8% in the second quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock valued at $5,158,000 after acquiring an additional 248 shares during the period.

Insiders Place Their Bets

In other news, CRO Jeffrey Dossett sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the transaction, the executive now directly owns 65,294 shares in the company, valued at $11,829,313.98. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cathal G. Phelan sold 209 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $209.15, for a total transaction of $43,712.35. Following the completion of the sale, the insider now owns 17,647 shares of the company’s stock, valued at $3,690,870.05. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 655,674 shares of company stock valued at $131,623,305 in the last 90 days. 51.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their price target on Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI restated an “outperform” rating and set a $270.00 target price (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Susquehanna increased their price objective on shares of Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, Cantor Fitzgerald boosted their price objective on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $224.60.

Impinj Trading Up 1.5 %

Impinj stock opened at $191.04 on Monday. Impinj, Inc. has a 1-year low of $78.17 and a 1-year high of $239.88. The company has a fifty day simple moving average of $206.17 and a 200 day simple moving average of $176.83. The company has a market cap of $5.40 billion, a P/E ratio of 214.65 and a beta of 1.81.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The company had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. During the same quarter last year, the company earned ($0.36) EPS. Impinj’s revenue for the quarter was up 46.5% compared to the same quarter last year. On average, equities research analysts forecast that Impinj, Inc. will post 0.4 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.