Integrated Quantitative Investments LLC Takes Position in Impinj, Inc. (NASDAQ:PI)

Integrated Quantitative Investments LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,012 shares of the company’s stock, valued at approximately $873,000.

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

Impinj Price Performance

Impinj stock opened at $73.55 on Friday. The firm’s 50-day moving average is $101.44 and its two-hundred day moving average is $154.38. The stock has a market capitalization of $2.10 billion, a P/E ratio of 54.08 and a beta of 1.74. Impinj, Inc. has a 12-month low of $69.08 and a 12-month high of $239.88.

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

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Chris Ph.D. Diorio sold 8,334 shares of Impinj stock in a transaction on Friday, February 21st. The stock was 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 in the company, valued at approximately $34,975,627.28. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 290 shares of Impinj stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $140.96, for a total value of $40,878.40. Following the completion of the transaction, the chief financial officer now directly owns 71,754 shares in the company, valued at $10,114,443.84. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,704 shares of company stock valued at $1,925,748 over the last quarter. Company insiders own 51.00% of the company’s stock.

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.