Chevy Chase Trust Holdings Inc. decreased its stake in IMPINJ Inc (NASDAQ:PI) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,202 shares of the company’s stock after selling 70,990 shares during the period. Chevy Chase Trust Holdings Inc. owned 1.53% of IMPINJ worth $7,234,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PI. Sylebra HK Co Ltd grew its stake in IMPINJ by 8.5% during the first quarter. Sylebra HK Co Ltd now owns 4,231,582 shares of the company’s stock worth $55,095,000 after purchasing an additional 332,519 shares during the period. BlackRock Inc. grew its stake in IMPINJ by 0.4% during the fourth quarter. BlackRock Inc. now owns 1,149,501 shares of the company’s stock worth $25,898,000 after purchasing an additional 4,263 shares during the period. Neuberger Berman Group LLC acquired a new stake in IMPINJ during the first quarter worth approximately $6,207,000. UBS Group AG grew its stake in IMPINJ by 28.9% during the first quarter. UBS Group AG now owns 237,949 shares of the company’s stock worth $3,098,000 after purchasing an additional 53,309 shares during the period. Finally, Fred Alger Management Inc. grew its stake in IMPINJ by 1.5% during the second quarter. Fred Alger Management Inc. now owns 233,438 shares of the company’s stock worth $5,161,000 after purchasing an additional 3,555 shares during the period. 70.64% of the stock is owned by institutional investors.
Shares of IMPINJ opened at $19.56 on Monday, MarketBeat reports. The company has a quick ratio of 4.67, a current ratio of 8.00 and a debt-to-equity ratio of 0.20. IMPINJ Inc has a 52 week low of $9.95 and a 52 week high of $41.97. The company has a market capitalization of $409.33 million, a price-to-earnings ratio of -67.45 and a beta of 1.70.
IMPINJ Company Profile
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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