ImpinjPI
Market Cap: $4.41B
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: 475
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
180% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 25
35% more call options, than puts
Call options by funds: $22.8M | Put options by funds: $16.9M
20% more funds holding
Funds holding: 225 [Q1] → 270 (+45) [Q2]
19% more capital invested
Capital invested by funds: $3.68B [Q1] → $4.37B (+$689M) [Q2]
4.81% less ownership
Funds ownership: 105.31% [Q1] → 100.5% (-4.81%) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 94
56% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 4 (-5) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Cantor Fitzgerald Troy Jensen 13% 1-year accuracy 3 / 24 met price target | 31%upside $205 | Overweight Reiterated | 26 Jul 2024 |
Lake Street Troy Jensen 13% 1-year accuracy 3 / 24 met price target | 21%upside $190 | Buy Maintained | 25 Jul 2024 |
Evercore ISI Group Mark Lipacis 49% 1-year accuracy 21 / 43 met price target | 31%upside $205 | Outperform Maintained | 25 Jul 2024 |
Roth MKM Scott Searle 54% 1-year accuracy 20 / 37 met price target | 12%upside $175 | Buy Maintained | 25 Jul 2024 |
Cantor Fitzgerald Troy Jensen 13% 1-year accuracy 3 / 24 met price target | 31%upside $205 | Overweight Reiterated | 25 Jul 2024 |