175,700 Shares in IMPINJ Inc (PI) Acquired by UBS Oconnor LLC

UBS Oconnor LLC acquired a new position in shares of IMPINJ Inc (NYSE:PI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 175,700 shares of the company’s stock, valued at approximately $5,318,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PI. Teachers Advisors LLC boosted its position in shares of IMPINJ by 6.5% in the first quarter. Teachers Advisors LLC now owns 11,890 shares of the company’s stock worth $360,000 after buying an additional 726 shares during the last quarter. Capital Asset Advisory Services LLC raised its stake in shares of IMPINJ by 25.8% in the first quarter. Capital Asset Advisory Services LLC now owns 7,310 shares of the company’s stock worth $221,000 after buying an additional 1,500 shares during the period. Geode Capital Management LLC raised its stake in shares of IMPINJ by 4.6% in the first quarter. Geode Capital Management LLC now owns 69,703 shares of the company’s stock worth $2,109,000 after buying an additional 3,050 shares during the period. American International Group Inc. acquired a new stake in shares of IMPINJ during the first quarter worth $112,000. Finally, First Washington CORP acquired a new stake in shares of IMPINJ during the first quarter worth $122,000.

Shares of IMPINJ Inc (NYSE PI) traded down 9.0620% during mid-day trading on Tuesday, hitting $53.9899. The stock had a trading volume of 733,742 shares. The company’s market capitalization is $1.11 billion. The stock’s 50-day moving average price is $44.14 and its 200 day moving average price is $35.46. IMPINJ Inc has a 1-year low of $16.36 and a 1-year high of $57.50.

IMPINJ (NYSE:PI) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. IMPINJ had a negative return on equity of 6.95% and a negative net margin of 6.81%. The business had revenue of $31.70 million during the quarter, compared to the consensus estimate of $30.81 million. The firm’s quarterly revenue was up 46.8% on a year-over-year basis. On average, analysts predict that IMPINJ Inc will post $0.24 EPS for the current fiscal year.

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PI has been the subject of a number of research reports. Morgan Stanley restated a “buy” rating and issued a $40.00 target price on shares of IMPINJ in a research note on Tuesday, March 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 target price (up from $42.00) on shares of IMPINJ in a research note on Sunday, May 28th. Canaccord Genuity restated a “buy” rating and issued a $38.00 target price on shares of IMPINJ in a research note on Friday, May 12th. Zacks Investment Research lowered IMPINJ from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of IMPINJ in a research note on Thursday, March 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.38.

In related news, CFO Evan Fein sold 9,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $43.68, for a total transaction of $393,120.00. Following the completion of the sale, the chief financial officer now directly owns 19,000 shares in the company, valued at approximately $829,920. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric Brodersen sold 7,000 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $36.64, for a total value of $256,480.00. Following the sale, the insider now owns 119,943 shares of the company’s stock, valued at $4,394,711.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,573 shares of company stock valued at $4,339,208.

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.

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Institutional Ownership by Quarter for IMPINJ (NYSE:PI)

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