Taylor Frigon Capital Management LLC lessened its stake in IMPINJ Inc (NASDAQ:PI) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,245 shares of the company’s stock after selling 6,514 shares during the quarter. IMPINJ accounts for about 2.4% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Taylor Frigon Capital Management LLC’s holdings in IMPINJ were worth $3,278,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Rainier Group Investment Advisory LLC acquired a new position in shares of IMPINJ in the first quarter valued at approximately $104,000. MetLife Investment Advisors LLC bought a new stake in shares of IMPINJ in the fourth quarter worth $193,000. Guggenheim Capital LLC lifted its position in shares of IMPINJ by 81.0% in the fourth quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock worth $239,000 after purchasing an additional 4,790 shares in the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of IMPINJ in the second quarter worth $320,000. Finally, LPL Financial LLC lifted its position in shares of IMPINJ by 72.6% in the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock worth $285,000 after purchasing an additional 9,214 shares in the last quarter. Institutional investors own 70.95% of the company’s stock.
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Shares of PI stock traded down $0.38 during trading on Thursday, reaching $21.53. The company’s stock had a trading volume of 9,262 shares, compared to its average volume of 318,400. The company has a quick ratio of 4.67, a current ratio of 8.00 and a debt-to-equity ratio of 0.20. The firm has a market cap of $455.73 million, a PE ratio of -74.24 and a beta of 1.72. IMPINJ Inc has a one year low of $9.95 and a one year high of $50.73.
IMPINJ (NASDAQ:PI) last announced its quarterly earnings data on Monday, May 7th. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.01). The business had revenue of $25.10 million during the quarter, compared to the consensus estimate of $23.95 million. IMPINJ had a negative return on equity of 11.89% and a negative net margin of 24.95%. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. equities analysts predict that IMPINJ Inc will post -1.36 earnings per share for the current fiscal year.
A number of brokerages have recently commented on PI. BidaskClub raised shares of IMPINJ from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Piper Jaffray Companies reissued an “overweight” rating and issued a $19.00 price objective on shares of IMPINJ in a research report on Tuesday, June 19th. Canaccord Genuity raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, May 8th. ValuEngine raised shares of IMPINJ from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research lowered shares of IMPINJ from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. IMPINJ currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's 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.
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