Impinj, Inc. Price & Performance (PI)

Victory Capital Management Inc. has expanded its holdings in Impinj, Inc. by 7% during the fourth quarter, now owning 20,825 shares valued at $3,025,000. This growth reflects an ongoing trend among institutional investors who are either increasing or initiating positions in the RFID solutions provider.12

Impinj, Inc. has seen its stock hit a 52-week low of $89.41, reflecting a year-to-date decline of over 33%. Despite the downturn, analysts maintain price targets between $129 and $160, citing long-term RFID adoption potential. However, near-term earnings and revenue forecasts have fallen below expectations, raising investor concerns.34

Charles Schwab Investment Management Inc. increased its investment in Impinj, Inc. by 10.4% in Q4, now holding 213,398 shares worth $30,998,000. This move underscores confidence in the company's RFID technology, despite recent market challenges and significant stock price volatility.23