Nordea Investment Management AB Takes Position in Impinj, Inc. (NASDAQ:PI)

Nordea Investment Management AB purchased a new position in Impinj, Inc. (NASDAQ:PIFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 22,756 shares of the company’s stock, valued at approximately $3,341,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First Bank & Trust raised its holdings in shares of Impinj by 3.2% in the third quarter. First Bank & Trust now owns 1,768 shares of the company’s stock worth $383,000 after buying an additional 55 shares during the period. National Bank of Canada FI bought a new position in Impinj in the 3rd quarter valued at $30,000. Farther Finance Advisors LLC increased its stake in Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the period. KBC Group NV lifted its position in shares of Impinj by 29.7% during the third quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after purchasing an additional 156 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Impinj by 7.3% during the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock valued at $432,000 after purchasing an additional 190 shares during the period.

Impinj Trading Down 4.5 %

PI opened at $143.62 on Friday. Impinj, Inc. has a 12 month low of $78.17 and a 12 month high of $239.88. The stock has a fifty day moving average price of $169.26 and a 200-day moving average price of $176.74. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 161.37 and a beta of 1.88.

Impinj (NASDAQ:PIGet Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.86 million. During the same period in the prior year, the firm posted ($0.36) earnings per share. The company’s quarterly revenue was up 46.5% on a year-over-year basis. On average, equities research analysts forecast that Impinj, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

PI has been the subject of a number of research analyst reports. Lake Street Capital lifted their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Cantor Fitzgerald lifted their price target on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Susquehanna lifted their target price on Impinj from $215.00 to $260.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, Needham & Company LLC increased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.

Get Our Latest Analysis on PI

Insider Buying and Selling at Impinj

In other news, CEO Chris Ph.D. Diorio sold 1,219 shares of Impinj stock in a transaction on Monday, October 14th. The shares were sold at an average price of $237.82, for a total transaction of $289,902.58. Following the completion of the sale, the chief executive officer now directly owns 294,438 shares in the company, valued at approximately $70,023,245.16. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Hussein Mecklai sold 427 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $237.75, for a total value of $101,519.25. Following the completion of the transaction, the chief operating officer now directly owns 60,041 shares in the company, valued at approximately $14,274,747.75. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 655,691 shares of company stock worth $131,398,769 over the last three months. Corporate insiders own 51.00% of the company’s stock.

Impinj Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Impinj, Inc. (NASDAQ:PIFree Report).

Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

Receive News & Ratings for Impinj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj and related companies with MarketBeat.com's FREE daily email newsletter.