2 weeks Ago By ABMN Staff
Wells Fargo & Company MN boosted its holdings in shares of Impinj, Inc. ( NASDAQ:PI – Free Report ) by 41.0% in the fourth quarter, HoldingsChannel reports.
The firm owned 26,283 shares of the company’s stock after acquiring an additional 7,647 shares during the period. Wells Fargo & Company MN’s holdings in Impinj were worth $3,818,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently made changes to their positions in PI.
Vanguard Group Inc. increased its position in shares of Impinj by 3.1% in the 4th quarter.
Vanguard Group Inc. now owns 3,442,164 shares of the company’s stock valued at $500,009,000 after buying an additional 104,861 shares in the last quarter. Geode Capital Management LLC increased its holdings in Impinj by 0.
7% during the fourth quarter. Geode Capital Management LLC now owns 546,823 shares of the company’s stock worth $79,654,000 after buying an additional 3,899 shares during the last quarter. Norges Bank bought a new stake in shares of Impinj in the 4th quarter valued at about $40,100,000.
Charles Schwab Investment Management Inc. raised its stake in Impinj by 10.4% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 213,398 shares of the company’s stock valued at $30,998,000 after buying an additional 20,158 shares during the period. Finally, Royce & Associates LP lifted its holdings in Impinj by 5.
3% during the 4th quarter. Royce & Associates LP now owns 208,864 shares of the company’s stock valued at $30,340,000 after purchasing an additional 10,594 shares during the last quarter. Wall Street Analyst Weigh In PI has been the topic of several recent research reports.
Cantor Fitzgerald upgraded Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group cut their target price on Impinj from $200.00 to $132.
00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC decreased their price target on shares of Impinj from $182.00 to $130.
00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Piper Sandler reduced their price objective on Impinj from $235.00 to $140.
00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Susquehanna decreased their price target on shares of Impinj from $260.00 to $220.
00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.44. Insider Transactions at Impinj In other Impinj 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 transaction of $823,232.52. Following the completion of the transaction, the chief executive officer now owns 354,076 shares in the company, valued at approximately $34,975,627.
28. The trade was a 2.30 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, COO Hussein Mecklai sold 3,739 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.
81, for a total transaction of $369,450.59. Following the completion of the transaction, the chief operating officer now owns 70,347 shares in the company, valued at approximately $6,950,987.
07. This represents a 5.05 % decrease in their position.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 16,857 shares of company stock worth $1,665,290. Company insiders own 51.
00% of the company’s stock. Impinj Trading Up 1.5 % Shares of NASDAQ:PI opened at $69.
67 on Tuesday. The stock has a market cap of $1.99 billion, a P/E ratio of 51.
23 and a beta of 1.74. Impinj, Inc.
has a 12 month low of $60.85 and a 12 month high of $239.88.
The company has a 50 day moving average of $86.89 and a 200 day moving average of $140.44.
Impinj ( NASDAQ:PI – Get Free Report ) last posted its quarterly earnings data 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%. On average, equities analysts forecast that Impinj, Inc.
will post -0.47 earnings per share for the current fiscal year. 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. See Also 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:PI – Free Report ). 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.
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