Chevy Chase Trust Holdings LLC Has $118.32 Million Holdings in Impinj, Inc. (NASDAQ:PI)

Chevy Chase Trust Holdings LLC lowered its stake in Impinj, Inc. (NASDAQ:PI) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 814,543 shares of the company’s stock after selling 43,800 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Impinj were worth $118,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in shares of Impinj during the 3rd quarter worth about $30,000. Farther Finance Advisors LLC lifted its position in shares of Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Impinj during the 4th quarter worth about $87,000. Asset Management One Co. Ltd. acquired a new position in shares of Impinj during the 3rd quarter worth about $138,000. Finally, KBC Group NV lifted its position in shares of Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after purchasing an additional 156 shares during the last quarter.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,504 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the transaction, the chief executive officer now owns 331,572 shares of the company’s stock, valued at approximately $48,482,457.84. This represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jeffrey Dossett sold 580 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $84,714.80. Following the transaction, the executive now directly owns 66,180 shares in the company, valued at approximately $9,666,250.80. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,466 shares of company stock worth $789,298 in the last three months. Insiders own 51.00% of the company’s stock.

Impinj Price Performance

NASDAQ PI opened at $103.54 on Friday. The firm has a market cap of $2.93 billion, a PE ratio of 76.13 and a beta of 1.88. Impinj, Inc. has a one year low of $97.77 and a one year high of $239.88. The stock’s 50 day simple moving average is $140.29 and its 200 day simple moving average is $171.07.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.69% and a net margin of 11.15%. As a group, equities analysts expect that Impinj, Inc. will post 1.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PI. Cantor Fitzgerald cut their price objective on Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Susquehanna lowered their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. Lake Street Capital boosted their price target on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC lowered their price target on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI restated an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.10.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.