Teachers Advisors LLC Has $1.59 Million Holdings in IMPINJ Inc (PI)

Teachers Advisors LLC boosted its stake in IMPINJ Inc (NYSE:PI) by 174.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,599 shares of the company’s stock after acquiring an additional 20,709 shares during the quarter. Teachers Advisors LLC owned 0.16% of IMPINJ worth $1,586,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PI. BNP Paribas Arbitrage SA increased its stake in IMPINJ by 1,261.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after purchasing an additional 1,942 shares during the period. American International Group Inc. acquired a new position in shares of IMPINJ during the first quarter worth about $112,000. Turner Investments LLC acquired a new position in shares of IMPINJ during the second quarter worth about $146,000. First Mercantile Trust Co. acquired a new position in IMPINJ in the second quarter valued at approximately $178,000. Finally, Legal & General Group Plc boosted its holdings in shares of IMPINJ by 221.3% in the second quarter. Legal & General Group Plc now owns 4,520 shares of the company’s stock valued at $223,000 after acquiring an additional 3,113 shares during the period.

In related news, CFO Evan Fein sold 9,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.00, for a total transaction of $342,000.00. Following the sale, the chief financial officer now directly owns 15,300 shares in the company, valued at approximately $581,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $35.81, for a total value of $250,670.00. Following the sale, the insider now owns 101,443 shares in the company, valued at $3,632,673.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,000 shares of company stock worth $1,392,420.

Several equities research analysts have recently weighed in on the company. Dougherty & Co decreased their price objective on IMPINJ from $62.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Royal Bank of Canada cut their price target on IMPINJ from $50.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Canaccord Genuity restated a “buy” rating and set a $50.00 price target (down previously from $57.00) on shares of IMPINJ in a research note on Friday, August 4th. Piper Jaffray Companies cut IMPINJ from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of IMPINJ in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.67.

Shares of IMPINJ Inc (PI) traded up $1.39 during trading hours on Friday, reaching $26.44. The company’s stock had a trading volume of 830,578 shares, compared to its average volume of 767,862. IMPINJ Inc has a 12-month low of $19.97 and a 12-month high of $60.85.

IMPINJ (NYSE:PI) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $32.60 million during the quarter, compared to analysts’ expectations of $32.58 million. IMPINJ had a negative return on equity of 3.11% and a negative net margin of 2.86%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share.

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IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Institutional Ownership by Quarter for IMPINJ (NYSE:PI)

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