How did the execution price compare to market levels on the transaction dates? The weighted average execution price of approximately $167.25 per share exceeded the Dec. 5, 2025 market open of $158.12 and close of $158.26; this average reflects sales executed over several days at prices above the Dec. 5 market close.Were any shares held directly by Sylebra or its principals? No direct holdings were reported at any point; all shares were held indirectly via entities such as Sylebra Capital Partners Master Fun ...

Impinj, Inc. (NASDAQ:PI – Get Free Report) shares rose 4.2% on Wednesday . The stock traded as high as $176.46 and last traded at $175.6350. Approximately 479,217 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 605,618 shares. The stock had previously closed at $168.60. Get Impinj alerts: Wall Street Analysts Forecast GrowthSeveral equities analysts recently commented on the stock. Needham & Company LLC upped their target price on shares of Impinj from $195.00 to ...

Company Overview - Impinj (PI) shares increased by 3.4% to close at $166.49, with notable trading volume exceeding typical levels, contributing to an 11.2% gain over the past four weeks [1] - The stock's performance is driven by better-than-expected execution, rising RFID adoption, and positive sentiment regarding its multi-year growth and margin profile [1] Earnings Expectations - Impinj is expected to report quarterly earnings of $0.50 per share, reflecting a year-over-year increase of 4.2%, with revenues projected at $92.15 million, up 0.6% from the previous year [2] - The consensus EPS estimate for Impinj has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Impinj operates within the Zacks Electronics - Semiconductors industry, where Lattice Semiconductor (LSCC) is another key player, having closed 3.5% lower at $71.86, but returning 15.2% over the past month [3] - Lattice's consensus EPS estimate for the upcoming report is $0.32, representing a significant year-over-year change of 113.3%, with a Zacks Rank of 3 (Hold) [4]

Core Insights - The Wasatch Micro-Cap Fund reported a return of 9.52% in Q3 2025, underperforming the benchmark Russell Microcap® Growth Index, which returned 19.93% [1] - Microcap stocks showed strong performance due to a consistent risk appetite among investors [1] Company Highlights - Impinj, Inc. (NASDAQ:PI) is highlighted as a key stock in the Wasatch Micro-Cap Fund's Q3 2025 investor letter, with a one-month return of 12.54% and a 52-week gain of 16.73% [2] - As of December 17, 2025, Impinj, Inc. had a market capitalization of $5.013 billion, with shares closing at $166.49 [2] - Impinj's RFID technology is noted for its superior reading ability and range, with significant applications in inventory tracking and supply-chain logistics, particularly with major clients like Walmart, UPS, and FedEx [3] Investment Strategy - The fund purchased Impinj shares earlier in the year due to tariff-related weaknesses but exited the position in Q3 2025 as the valuation became less favorable and inconsistent with the fund's micro-cap focus [3] - Impinj's revenue for Q2 was reported at $96.1 million, reflecting a 2% sequential increase and a 1% year-over-year increase [4] - While Impinj is recognized for its potential, the fund suggests that certain AI stocks may offer greater upside potential with less downside risk [4]

SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced findings from its Supply Chain Integrity Outlook 2026 research report, highlighting growing tension between escalating consumer expectations and the ability of global supply chains to keep pace. Based on a survey of 1,000 US consumers and 750 US supply chain leaders, the report reveals: Meanwhile, fraudulent shipping is on the rise. Seventy-six percent of retailers and retail goo ...

Investment Rating - The report does not explicitly state an overall investment rating for the semiconductor industry or specific companies within it Core Insights - The semiconductor industry is experiencing a significant AI super cycle, with companies like AMD expecting substantial growth in AI workloads and custom ASICs capturing 20-25% of the total addressable market [2][15] - KLAC anticipates growth in its TSMC business and higher investment from INTC, indicating a positive outlook for memory and advanced packaging sectors [3][16] - CoreWeave reports an "insatiable" demand for compute resources, highlighting the shift in AI workloads from training to more compute-intensive inferencing [17] - ARM is making strides in data center CPU development, with expectations of increased revenue opportunities through its CSS model [5][18] - MCHP has raised guidance due to strong order flow and backlog, indicating robust demand across multiple sectors [6][19] - INTC is cautious about supply constraints peaking in 1Q26, while also seeing increased demand driven by AI applications [9][20] Summary by Company AMD - AMD is in a ten-year AI super cycle, expecting significant capital deployment from large companies [2] - The company anticipates multiple GW-scale customers beyond OpenAI, indicating strong market confidence [15] KLAC - KLAC expects low to mid-single-digit growth in C1H:26 due to memory pull-ins and reassured investors about N2 monetization continuing into C2026 [3][16] CoreWeave - CoreWeave's backlog is approximately 55 billion, indicating a strong demand for AI compute resources [17] ARM - ARM is progressing on a data center CPU chip for a major customer and sees significant revenue potential through its CSS model [5][18] MCHP - MCHP reported phenomenal orders in November and expects CQ1 to be significantly above normal seasonal levels [6][19] INTC - INTC reiterated that supply constraints are expected to peak in 1Q26, with a focus on AI-driven demand for CPUs [9][20] PI - PI sees growth from deeper apparel adoption and logistics deployments, with a focus on improving gross margins [10][21] AMBQ - AMBQ's customer base is stable, with expectations for diversified growth in 2027 [11][22] ENTG - ENTG is focused on improving gross margins and may consider consolidating capacity to enhance sentiment [12] SMTC - SMTC is optimistic about its CopperEdge ramp and the adoption of LPO technology among hyperscalers [13][23] Anthropic - Anthropic is constrained by compute capacity, indicating strong demand for AI resources [14] Impinj - Impinj is focused on expanding its RAIN market presence, with significant growth opportunities in logistics and food sectors [21] Semtech - Semtech is preparing for a ramp in its ACC technology to support major hyperscaler deployments [23]

Core Insights - The total addressable market (TAM) for the industry is recognized as substantial, but penetrating this market presents challenges [1] - The industry must first establish a robust hardware foundation before fully realizing its potential, similar to the evolution of mobile phones [2] Market Penetration Challenges - There are various impediments to penetrating the TAM, which may vary across key end markets [1] - The historical context of the information industry indicates that foundational hardware development is crucial for future monetization opportunities [2]

Impinj Conference Call Summary Company Overview - **Company**: Impinj (NasdaqGS:PI) - **Industry**: RAIN RFID technology Key Points and Arguments Market Potential and Growth - The Total Addressable Market (TAM) for the RAIN industry is significant, with a unit Compound Annual Growth Rate (CAGR) of 28% since 2010, reaching a total volume of **$52.8 billion** in 2024, an increase of **$8 billion** from the previous year [6][7] - The primary growth driver is the retail apparel sector, but there is expansion into logistics, general merchandise, and item-level food [7] Challenges in Market Penetration - The industry must build a robust hardware foundation before fully realizing its potential, similar to the mobile phone evolution [6] - Key verticals such as automotive and pharmaceuticals are lagging in adoption despite having use cases [10] Competitive Advantage - Impinj's platform is a competitive advantage, with unique functionalities in their Integrated Circuits (ICs) that cannot be replicated by mix-and-match solutions [11] - The introduction of Gen2X features in their ICs enhances read speed and range, providing a significant edge in the market [12][15] Retail Market Dynamics - Retail apparel is currently using handheld readers for inventory, but the goal is to achieve 100% tagging to unlock additional use cases like self-checkout and loss prevention [19][20] - The transition to fixed or autonomous reading systems is expected to drive market share for Impinj as retailers strive for full tagging [20][22] Supply Chain Management - Impinj manages supply chain risks by obtaining monthly inventory reports from channel partners and tracking macro trends in retail [24] - Lead times for inventory are typically **six to seven weeks**, with a 50% turnover rate each quarter [25] Food Market Opportunities - The item-level food market is seen as the largest RAIN market, with several global food retailers exploring RAIN technology [29] - Challenges in tagging high moisture and metal-containing items are being addressed through innovative solutions [33][34] Financial Performance and Margins - The ramp-up of the M800 IC is expected to drive a **300 basis points** gross margin uplift, with further improvements anticipated as the product mix evolves [45][46] - The company is focused on optimizing its balance sheet, including refinancing convertible debt to reduce dilution and improve financial flexibility [47] Future Outlook - Impinj anticipates growth opportunities in apparel, general merchandise, logistics, and food sectors in 2026, driven by increased penetration and new programs [31][32] - The company is also exploring software solutions to enhance its offerings and drive recurring revenue streams [48][49] Revenue Mix Evolution - Endpoint ICs currently account for approximately **80%** of revenue, but growth in systems and software is expected to diversify the revenue mix over the coming years [50] Additional Important Insights - The company is actively working on solutions for hard-to-tag items, demonstrating a commitment to innovation and customer support [36] - Impinj's partnerships with major retailers and logistics providers are crucial for driving adoption and showcasing the ROI of RAIN technology [43][44]

Group 1 - Barclays raised the price target for Impinj, Inc. from $200 to $211, maintaining an "Overweight" rating, citing a "potentially huge opportunity" due to growing momentum in grocery deployments [1] - Impinj reported third-quarter results with non-GAAP EPS of $0.58, exceeding the consensus of $0.51, and revenue of $96.1 million, which is a 1% year-over-year increase [2] - The company experienced a 30% sequential revenue surge in its Systems segment, driven by large deployments in North America and Europe [2] Group 2 - Impinj achieved record adjusted EBITDA of $19.1 million in the quarter, with improved gross margins attributed to product mix and licensing contributions [3] - The company is well-positioned for growth in e-commerce, food, and grocery markets, supported by disciplined operating expenses and investments in Gen2X-enabled solutions [3] - Strategic leadership hires are identified as a key growth driver for the company [3] Group 3 - Impinj enables real-time tracking and connection of items for retailers, supply chain operators, and businesses through its RAIN RFID and IoT solutions [4]

Core Viewpoint - Impinj (PI) has experienced significant selling pressure, resulting in a 28.6% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - Currently, PI's RSI is at 28.81, suggesting that the heavy selling may be exhausting itself and a price reversal could be imminent [5]. Fundamental Analysis - There has been a strong consensus among sell-side analysts to raise earnings estimates for PI, leading to a 264% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - PI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8].