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Impinj

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.

Impinj Inc

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It was reported on November 12, that SYLEBRA CAPITAL LLC, 10% Owner at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) executed a significant insider sell, according to an SEC filing.
What Happened: LLC's decision to sell 328,616 shares of Impinj was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000200307424000020//Archives/edgar/data/1114995/000200307424000020/0002003074-24-000020-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $66,614,240.
Monitoring the market, Impinj's shares down by 0.0% at $199.3 during Tuesday's morning.
<h3>All You Need to Know About Impinj</h3>
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.
<h3>Impinj: A Financial Overview</h3>
Revenue Growth: Impinj displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 46.45%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company shows a low gross margin of 49.97%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Impinj's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.01.
</li>
</ul>
Debt Management: Impinj's debt-to-equity ratio surpasses industry norms, standing at 2.15. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Impinj's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 216.64.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 17.73 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 124.57 reflects market recognition of Impinj's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Massive Insider Trade At Impinj

SYLEBRA CAPITAL LLC, 10% Owner at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), reported an insider sell on November 8, according to a new SEC filing. 
What Happened: LLC's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000200307424000017//Archives/edgar/data/1114995/000200307424000017/0002003074-24-000017-index.htm">U.S. Securities and Exchange Commission</a> on Friday unveiled the sale of 431,153 shares of Impinj. The total transaction value is $85,906,409.
The latest update on Friday morning shows Impinj shares down by 1.42%, trading at $200.1.
<h3>Delving into Impinj's Background</h3>
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.
<h3>Financial Milestones: Impinj's Journey</h3>
Revenue Growth: Over the 3 months period, Impinj showcased positive performance, achieving a revenue growth rate of 46.45% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 49.97%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Impinj's EPS is below the industry average. The company faced challenges with a current EPS of 0.01. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Impinj's debt-to-equity ratio stands notably higher than the industry average, reaching 2.15. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 220.64 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 18.06, Impinj's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 126.82, Impinj demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SYLEBRA CAPITAL LLC Executes Sell Order: Offloads $85.91M In Impinj Stock

A substantial insider sell was reported on November 1, by SYLEBRA CAPITAL LLC, 10% Owner at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), based on the recent SEC filing.
What Happened: LLC's decision to sell 175,804 shares of Impinj was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000200307424000010//Archives/edgar/data/1114995/000200307424000010/0002003074-24-000010-index.htm">U.S. Securities and Exchange Commission</a> on Friday. The total value of the sale is $35,291,942.
Impinj shares are trading down 2.74% at $200.0 at the time of this writing on Friday morning.
<h3>Discovering Impinj: A Closer Look</h3>
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.
<h3>A Deep Dive into Impinj's Financials</h3>
Revenue Growth: Impinj's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 46.45%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 49.97%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Impinj's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.01.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.15, caution is advised due to increased financial risk.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Impinj's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 206.51.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 16.9 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Impinj's EV/EBITDA ratio stands at 118.87, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: SYLEBRA CAPITAL LLC Offloads $35.29M Worth Of Impinj Stock

Disclosed in a recent SEC filing on October 31, Diorio, Chief Executive Officer at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Diorio, Chief Executive Officer at Impinj, exercised stock options for 35,000 shares of PI stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000141588924025839//Archives/edgar/data/1114995/000141588924025839/0001415889-24-025839-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The exercise price of the options was $22.4 per share.
As of Friday morning, Impinj shares are down by 2.74%, with a current price of $200.0. This implies that Diorio's 35,000 shares have a value of $6,215,999.
<h3>Delving into Impinj's Background</h3>
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.
<h3>Impinj: Delving into Financials</h3>
Revenue Growth: Impinj displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 46.45%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 49.97%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Impinj's EPS reflects a decline, falling below the industry average with a current EPS of 0.01.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 2.15, Impinj faces challenges in effectively managing its debt levels, indicating potential financial strain.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 206.51 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 16.9 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 118.87, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Witnessing An Insider Decision, Chris Diorio Exercises Options Valued At $6.22M At Impinj

A large exercise of company stock options by Cary Baker, Chief Financial Officer at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) was disclosed in a new SEC filing on October 30, as part of an insider exercise.
What Happened: Disclosed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000141588924025782//Archives/edgar/data/1114995/000141588924025782/0001415889-24-025782-index.htm">U.S. Securities and Exchange Commission</a>, Baker, Chief Financial Officer at Impinj, executed a strategic derivative sale. This involved exercising stock options for 15,000 shares of PI, resulting in a transaction value of $2,503,027.
During Thursday's morning session, Impinj shares down by 2.74%, currently priced at $200.0. Considering the current price, Baker's 15,000 shares have a total value of $2,503,027.
<h3>Get to Know Impinj Better</h3>
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.
<h3>Understanding the Numbers: Impinj's Finances</h3>
Revenue Growth: Impinj displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 46.45%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 49.97%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Impinj's EPS is below the industry average. The company faced challenges with a current EPS of 0.01. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Impinj's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.15, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 208.3, Impinj's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 17.05 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 119.88 reflects market recognition of Impinj's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Strategic Sale: Cary Baker Decides To Exercise Options Worth $2.50M At Impinj

In a new SEC filing on October 30, it was revealed that Mecklai, Chief Operating Officer at Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), executed a significant exercise of company stock options.
What Happened: Mecklai, Chief Operating Officer at Impinj, made a strategic move by exercising stock options for 10,000 shares of PI as detailed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001114995/000141588924025784//Archives/edgar/data/1114995/000141588924025784/0001415889-24-025784-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $1,791,476.
Currently, Impinj shares are trading down 2.74%, priced at $200.0 during Thursday's morning. This values Mecklai's 10,000 shares at $1,791,476.
<h3>Delving into Impinj's Background</h3>
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.
<h3>Impinj's Financial Performance</h3>
Positive Revenue Trend: Examining Impinj's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 46.45% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 49.97%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Impinj exhibits below-average bottom-line performance with a current EPS of 0.01.
</li>
</ul>
Debt Management: Impinj's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.15, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 208.3, Impinj's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 17.05 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 119.88 reflects market recognition of Impinj's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001114995">Check Out The Full List Of Impinj's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Witnessing An Insider Decision, Hussein Mecklai Exercises Options Valued At $1.79M At Impinj

Goldman Sachs analyst Toshiya Hari maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Neutral and raises the price target from $165 to $200.

Price Target

Analyst Ratings

Goldman Sachs Maintains Neutral on Impinj, Raises Price Target to $200

Deep-pocketed investors have adopted a bearish approach towards Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Impinj. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 70% bearish. Among these notable options, 7 are puts, totaling $212,297, and 3 are calls, amounting to $121,392.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $250.0 for Impinj over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Impinj stands at 89.2, with a total volume reaching 577.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Impinj, situated within the strike price corridor from $140.0 to $250.0, throughout the last 30 days.
<h3>Impinj 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729798238_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.5</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$230.00</td>
<td>$44.8K</td>
<td style="text-align: right;">151</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>PI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$20.6</td>
<td>$18.5</td>
<td>$19.66</td>
<td>$190.00</td>
<td>$39.3K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>PI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$64.5</td>
<td>$61.5</td>
<td>$62.15</td>
<td>$140.00</td>
<td>$37.2K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>PI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$11.6</td>
<td>$10.4</td>
<td>$11.6</td>
<td>$200.00</td>
<td>$35.9K</td>
<td style="text-align: right;">235</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>PI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.7</td>
<td>$12.5</td>
<td>$12.7</td>
<td>$200.00</td>
<td>$32.8K</td>
<td style="text-align: right;">235</td>
<td style="text-align: right;">165</td>
</tr>
</tbody>
</table>

<h3>About Impinj</h3>
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.
After a thorough review of the options trading surrounding Impinj, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Impinj</h3>
<ul>
<li>Currently trading with a volume of 1,708,011, the PI's price is down by -5.6%, now at $210.0. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 105 days.</li>
</ul>
<h3>Professional Analyst Ratings for Impinj</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $253.2.
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&#x2A; In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $270. 
&#x2A; An analyst from Lake Street persists with their Buy rating on Impinj, maintaining a target price of $251. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Impinj, targeting a price of $260. 
&#x2A; Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $225. 
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Impinj, which currently sits at a price target of $260. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Impinj with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Unpacking the Latest Options Trading Trends in Impinj

Cantor Fitzgerald analyst Troy Jensen maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Overweight and raises the price target from $205 to $260.

Cantor Fitzgerald Maintains Overweight on Impinj, Raises Price Target to $260

Lake Street analyst Troy Jensen maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Buy and raises the price target from $190 to $251.

Lake Street Maintains Buy on Impinj, Raises Price Target to $251

Evercore ISI Group analyst Mark Lipacis reiterates Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Outperform and raises the price target from $205 to $270.

Reiteration

Evercore ISI Group Reiterates Outperform on Impinj, Raises Price Target to $270

Piper Sandler analyst Harsh Kumar reiterates Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Overweight and raises the price target from $225 to $235.

Piper Sandler Reiterates Overweight on Impinj, Raises Price Target to $235

Needham analyst James Ricchiuti maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Buy and raises the price target from $195 to $245.

Needham Maintains Buy on Impinj, Raises Price Target to $245

WIIM

Impinj shares are trading higher following a Q3 earnings beta and guidance above estimates.

Fourth Quarter 2024 Financial Outlook
Impinj provides guidance based on current market conditions and expectations; actual results may differ materially. Please refer to the comments below regarding forward-looking statements. The following table presents Impinj's financial outlook for the fourth quarter of 2024 (in millions, except per share data):
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Three Months Ending</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">December 31, 2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$91.0 to $94.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP Net loss</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($3.8) to ($2.3)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$13.6 to $15.1</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP Weighted-average shares — basic and diluted</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">28.4 to 28.6</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP Net loss per share — basic and diluted</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.14) to ($0.08)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Net income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$13.4 to $14.9</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Weighted-average shares — diluted(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">32.6 to 32.8</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Net income per share — diluted(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.45 to $0.49</td>
</tr>
<tr>
<td colspan="3" rowspan="1">(1) Non-GAAP diluted net income per share includes the impact of our convertible debt using the if-converted method, which assumes full share settlement. Interest expense is added back to net income and weighted average shares includes total shares issuable at conversion of 2.6 million.</td>
</tr>
</tbody>
</table>
</figure>
A reconciliation between GAAP and non-GAAP financial measures is provided in the "Non-GAAP Financial Measures" section below.

Guidance

Impinj Sees Q4 EPS $0.45-$0.49 Vs $0.40 Est.; Revenue $91M-$94M Vs $90.09M Est.

Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.48 by 16.67 percent. The company reported quarterly sales of $95.20 million which beat the analyst consensus estimate of $92.88 million by 2.50 percent. This is a 46.45 percent increase over sales of $65.00 million the same period last year.

Earnings

Earnings Beats

Impinj Q3 Adj $0.56 Beats $0.48 Estimate, Sales $95.20M Beat $92.88M Estimate

Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Impinj to report an earnings per share (EPS) of $0.48.
Investors in Impinj are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.09, leading to a 4.41% increase in the share price the following trading session.
Here's a look at Impinj's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.74</td>
<td>0.11</td>
<td>0.02</td>
<td>-0.1</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.83</td>
<td>0.21</td>
<td>0.09</td>
<td>0</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>28.999999999999996%</td>
<td>4.0%</td>
<td>24.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729616563_0.png" alt="eps graph" />
<h3>Performance of Impinj Shares</h3>
Shares of Impinj were trading at $227.14 as of October 21. Over the last 52-week period, shares are up 353.69%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Impinj</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Impinj.
The consensus rating for Impinj is Outperform, derived from 8 analyst ratings. An average one-year price target of $207.5 implies a potential 8.65% downside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Credo Technology Group, Cirrus Logic and Lattice Semiconductor, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Credo Technology Group is maintaining an Buy status according to analysts, with an average 1-year price target of $35.44, indicating a potential 84.4% downside.</li>
<li>As per analysts' assessments, Cirrus Logic is favoring an Outperform trajectory, with an average 1-year price target of $146.25, suggesting a potential 35.61% downside.</li>
<li>The consensus among analysts is an Buy trajectory for Lattice Semiconductor, with an average 1-year price target of $59.58, indicating a potential 73.77% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
In the peer analysis summary, key metrics for Credo Technology Group, Cirrus Logic and Lattice Semiconductor are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Impinj</td>
<td>Outperform</td>
<td>19.20%</td>
<td>$57.52M</td>
<td>9.82%</td>
</tr>
<tr>
<td>Credo Technology Group</td>
<td>Buy</td>
<td>70.15%</td>
<td>$37.28M</td>
<td>-1.75%</td>
</tr>
<tr>
<td>Cirrus Logic</td>
<td>Outperform</td>
<td>17.98%</td>
<td>$188.93M</td>
<td>2.30%</td>
</tr>
<tr>
<td>Lattice Semiconductor</td>
<td>Buy</td>
<td>-34.72%</td>
<td>$84.75M</td>
<td>3.28%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Impinj is positioned in the middle for Consensus rating among its peers. It ranks at the bottom for Revenue Growth. In terms of Gross Profit, Impinj is at the top among its peers. For Return on Equity, Impinj is positioned in the middle compared to its peers.
<h3>Discovering Impinj: A Closer Look</h3>
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.
<h3>Impinj's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Impinj's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 19.2%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Impinj's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.72%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Impinj's ROE excels beyond industry benchmarks, reaching 9.82%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Impinj's ROA stands out, surpassing industry averages. With an impressive ROA of 2.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Impinj's debt-to-equity ratio stands notably higher than the industry average, reaching 2.51. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/PI/earnings">To track all earnings releases for Impinj visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Impinj's Earnings Preview

In the preceding three months, 8 analysts have released ratings for Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Impinj and provided 12-month price targets. The average target is $207.5, accompanied by a high estimate of $260.00 and a low estimate of $175.00. This upward trend is evident, with the current average reflecting a 12.77% increase from the previous average price target of $184.00.
<img src="https://www.benzinga.com/files/images/story/2024/1729522841_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Impinj among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$260.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Mark Lipacis</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Scott Searle</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Impinj. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Impinj compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Impinj's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Impinj's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Impinj analyst ratings.</a>
<h2>Unveiling the Story Behind Impinj</h2>
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.
<h3>Unraveling the Financial Story of Impinj</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Impinj's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 19.2%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.72%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Impinj's ROE excels beyond industry benchmarks, reaching 9.82%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Impinj's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 2.51, Impinj faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Impinj Analyst Ratings: What You Need To Know

Across the recent three months, 8 analysts have shared their insights on Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $207.5, a high estimate of $260.00, and a low estimate of $175.00. Marking an increase of 12.77%, the current average surpasses the previous average price target of $184.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1729519211_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Impinj among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$260.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Mark Lipacis</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Scott Searle</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Impinj. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Impinj compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Impinj's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Impinj's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Impinj analyst ratings.</a>
<h2>Unveiling the Story Behind Impinj</h2>
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.
<h3>Impinj's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Impinj's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 19.2%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Impinj's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.72% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Impinj's ROE stands out, surpassing industry averages. With an impressive ROE of 9.82%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Impinj's ROA stands out, surpassing industry averages. With an impressive ROA of 2.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Impinj's debt-to-equity ratio surpasses industry norms, standing at 2.51. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Impinj

Susquehanna analyst Christopher Rolland maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Positive and raises the price target from $215 to $260.

Susquehanna Maintains Positive on Impinj, Raises Price Target to $260

Piper Sandler raised the firm's price target on Impinj (PI) to $235 from $225 and keeps an Overweight rating on the shares. The firm notes Impinj r...

Impinj price target raised to $235 from $225 at Piper Sandler

Evercore ISI analyst Mark Lipacis reiterated a Buy rating on IMPINJ (PI – Research Report) today and set a price target of $270.00. The company's s...

IMPINJ (PI) Receives a Rating Update from a Top Analyst

IMPINJ (PI – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Christopher Rolland from Susque...

Impinj: Strong Market Position and Growth Potential Drive Buy Rating

Lake Street raised the firm's price target on Impinj (PI) to $251 from $190 and keeps a Buy rating on the shares after the company's "beat and guid...

Impinj price target raised to $251 from $190 at Lake Street

Impinj tumbles 10% despite strong Q3 results, guidance

IMPINJ Inc (PI) has disclosed a new risk, in the Regulation category. IMPINJ Inc. faces significant challenges in expanding its nascent RAIN intell...

IMPINJ Inc.'s RAIN Licensing Program: Navigating Challenges and Risks for Growth

Impinj: Solid Performance, But The Near-Term Upside Is Limited

Impinj: Great Potential Comes At A Cost

Meeting to be held in Boston on November 5 hosted by Cantor Firtzgerald. Published first on TheFly – the ultimate source for real-time, market-movi...

Impinj management to meet with Cantor Fitzgerald

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