Impinj (PI)

• Market cap: $4.2B
• 1 day: 2.04%
• 5 days: 0.69%
• 1 month: -0.56%
• 3 months: -37.42%
• 6 months: -15.22%
• Year to date: 1.74%
• 1 year: 82.64%
• 5 years: 412.04%
• 10 years: 730.88%
• 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: 475

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

133% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 39

100% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 8 (+4) [Q3]

43% more capital invested

Capital invested by funds: $4.54B [Q2] → $6.5B (+$1.95B) [Q3]

34% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 86

18% more funds holding

Funds holding: 271 [Q2] → 319 (+48) [Q3]

2.16% more ownership

Funds ownership: 104.56% [Q2] → 106.73% (+2.16%) [Q3]

14% less call options, than puts

Call options by funds: $41.7M | Put options by funds: $48.7M

Research analyst outlook

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

• Low target: $200 34% upside
• Avg. target: $246 65% upside
• High target: $270 81% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Goldman Sachs Toshiya Hari 61% 1-year accuracy 69 / 113 met price target	34% upside $200	Neutral Maintained	25 Oct 2024
Cantor Fitzgerald Troy Jensen 34% 1-year accuracy 11 / 32 met price target	74% upside $260	Overweight Maintained	24 Oct 2024
Lake Street Troy Jensen 34% 1-year accuracy 11 / 32 met price target	68% upside $251	Buy Maintained	24 Oct 2024
Evercore ISI Group Mark Lipacis 53% 1-year accuracy 28 / 53 met price target	81% upside $270	Outperform Reiterated	24 Oct 2024
Piper Sandler Harsh Kumar 53% 1-year accuracy 19 / 36 met price target	57% upside $235	Overweight Reiterated	24 Oct 2024