Impinj (PI)

• Market cap: $2.76B
• 1 day: -4.03%
• 5 days: -6.61%
• 1 month: -30.46%
• 3 months: -48.62%
• 6 months: -41.22%
• Year to date: -34.07%
• 1 year: -4.07%
• 5 years: 174.31%
• 10 years: 438.40%
• Sector: Information Technology
• Industry: Electronic Components

About: Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

Employees: 451

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

34% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 91

7% more call options, than puts

Call options by funds: $50.2M | Put options by funds: $46.8M

1% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 70

4% less funds holding

Funds holding: 320 [Q3] → 306 (-14) [Q4]

6.73% less ownership

Funds ownership: 106.73% [Q3] → 100.0% (-6.73%) [Q4]

37% less capital invested

Capital invested by funds: $6.5B [Q3] → $4.11B (-$2.39B) [Q4]

75% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 2 (-6) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $130 34% upside
• Avg. target: $151 56% upside
• High target: $220 127% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Goldman Sachs Toshiya Hari 60% 1-year accuracy 60 / 100 met price target	36% upside $132	Neutral Maintained	6 Feb 2025
Cantor Fitzgerald Troy Jensen 41% 1-year accuracy 14 / 34 met price target	37% upside $133	Overweight Maintained	6 Feb 2025
Piper Sandler Harsh Kumar 49% 1-year accuracy 20 / 41 met price target	45% upside $140	Overweight Maintained	6 Feb 2025
Needham James Ricchiuti 45% 1-year accuracy 54 / 120 met price target	34% upside $130	Buy Maintained	6 Feb 2025
Susquehanna Christopher Rolland 47% 1-year accuracy 70 / 150 met price target	127% upside $220	Positive Maintained	22 Jan 2025