PI

BEARISH

$110.44 Live

Impinj, Inc. · NASDAQ

Target $167.0 (+51.2%)

$65.52 52W Range $247.06

PI Impinj, Inc. - Fundamental Analysis

BEARISH

Console Chart News

PI Stock | Fundamental Analysis & Investment Insights

NASDAQ • Technology • Semiconductors

Current Price Live

$110.44

Analyst Target

$167.0

+51.2% Upside

52W High

$247.06

52W Low

$65.52

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 17, 2026

Market cap

$3.34B

P/E

N/A

ROE

-6.0%

Profit margin

-3.0%

Debt/Equity

1.45

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

85%

Impinj, Inc. presents a precarious profile characterized by a stable but mediocre Piotroski F-Score of 4/9 and a complete lack of valuation support from traditional metrics. The company is trading at an extreme premium with a Price/Book of 15.95 and Price/Sales of 9.25, despite negative profit margins (-3.00%) and stagnant revenue growth of only 1.40% YoY. This fundamental disconnect is compounded by aggressive insider selling totaling over $106 million and a severe 6-month price decline of 45.1%. While analyst targets remain optimistic, the data suggests a significant valuation bubble relative to current operational performance.

Key Strengths

Strong Gross Margin of 52.53% indicating good product pricing power

Healthy liquidity position with a Current Ratio of 2.68

Consistent track record of beating quarterly earnings estimates

Significant analyst upside potential with a target price of $167.00

Positive 5-year long-term price appreciation (+107.6%)

Key Risks

Extreme valuation multiples (P/B 15.95, P/S 9.25) not supported by growth

Negative profitability (Profit Margin -3.00%, ROE -6.04%)

Stagnant revenue growth (1.40% YoY) for a technology company

Heavy insider liquidation ($106.36M sold, 0 bought)

Negative short-term momentum with a 45.1% drop over 6 months

AI Fair Value Estimate

Based on comprehensive analysis

$82.5

-25.3% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Weak

Value

Future

Past

Health

Dividend

AI Verdict

Overvalued Speculative

Key drivers: Extreme P/B and P/S ratios, Negative net margins, Aggressive insider selling, Stagnant revenue growth

Confidence

90%

Value

15/100

Forward P/E of 35.60 is high given the lack of current profitability.

Positives

No standout positives identified.

Watchpoints

P/B of 15.95 is excessively high
P/S of 9.25 is unsustainable for 1.4% growth
Negative earnings preclude Graham Number calculation

Future

30/100

Growth metrics are currently insufficient to justify the valuation premium.

Positives

High analyst target price ($167)

Watchpoints

Revenue growth stalled at 1.40%
Recent Q/Q EPS growth declined by 13.8%

Past

55/100

Historical performance was strong, but recent trends have reversed sharply.

Positives

Strong 5-year growth
Frequent EPS surprises

Watchpoints

Severe 6-month price correction (-45.1%)

Health

50/100

Liquidity is strong, but operational health is mediocre.

Positives

Strong Current Ratio (2.68)
Quick Ratio (1.95) shows good short-term solvency

Watchpoints

Piotroski F-Score of 4/9 is only 'Stable'
Debt/Equity of 1.45 is higher than sector average (0.68)

Dividend

0/100

Company is in a growth/recovery phase and does not return capital to shareholders.

Positives

No standout positives identified.

Watchpoints

No dividend payments
0% payout ratio

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$110.44

Analyst Target

$167.0

Upside/Downside

+51.2%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for PI and closest competitors.

Updated 2026-04-16

Company	5Y	3Y	1Y	6M	1M	1W
PI Impinj, Inc. Primary	+107.6%	-20.9%	+67.3%	-45.1%	+11.2%	+4.7%
DIOD Diodes Incorporated Peer	-9.8%	-15.3%	+99.8%	+43.6%	+17.6%	+7.3%
GTLB GitLab Inc. Peer	-81.3%	-41.3%	-54.8%	-56.5%	-16.1%	-14.0%
BL BlackLine, Inc. Peer	-60.8%	-23.5%	-12.2%	-5.2%	-7.6%	+0.8%
SYNA Synaptics Incorporated Peer	-37.3%	-12.7%	+69.7%	+14.4%	+16.9%	+12.3%

Impinj, Inc.

Primary

+107.6%

-20.9%

+67.3%

-45.1%

+11.2%

+4.7%

DIO

Diodes Incorporated

Peer

-9.8%

-15.3%

+99.8%

+43.6%

+17.6%

+7.3%

GTL

GitLab Inc.

Peer

-81.3%

-41.3%

-54.8%

-56.5%

-16.1%

-14.0%

BlackLine, Inc.

Peer

-60.8%

-23.5%

-12.2%

-5.2%

-7.6%

+0.8%

SYN

Synaptics Incorporated

Peer

-37.3%

-12.7%

+69.7%

+14.4%

+16.9%

+12.3%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

N/A

35.6

N/A

15.95

9.25

9.6

242.44

$3.34B

Profitability

Profit margins and return metrics

Profit Margin -3.0%

Operating Margin -2.91%

Gross Margin 52.53%

ROE -6.04%

ROA -0.09%

Growth

Revenue and earnings growth rates

Revenue Growth +1.4%

Earnings Growth N/A

Q/Q Revenue Growth +1.4%

Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

1.45

Moderate

Current Ratio

2.68

Strong

Quick Ratio

1.95

Excellent

Cash/Share

$5.8

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.1B

Gross Margin

51.8%

Op. Margin

-2.9%

Net Margin

-1.2%

Total Assets

$0.5B

Liabilities

$0.3B

Equity

$0.2B

Debt/Equity

1.61x

Operating CF

$0.0B

CapEx

$-0.0B

Free Cash Flow

$0.0B

FCF Yield

90%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-29

$N/A

2026-02-05

$0.5

-1.3% surprise

2025-10-29

$0.58

+16.9% surprise

2025-07-30

$0.8

+13.6% surprise

Technology Sector Comparison

Comparing PI against 490 companies in the Technology sector (40 bullish, 167 neutral, 283 bearish)

Return on Equity (ROE)

-6.04%

This Stock

-34.81%

Sector Avg

-82.6% (Below Avg)

Profit Margin

-3.0%

This Stock

-12.62%

Sector Avg

-76.2% (Weaker)

Debt to Equity

1.45

This Stock

0.71

Sector Avg

+104.0% (Higher)

Revenue Growth

1.4%

This Stock

5058.57%

Sector Avg

-100.0% (Slower)

Current Ratio

2.68

This Stock

3.77

Sector Avg

-28.8% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
PI Impinj, Inc.	BEARISH	$3.34B	-	-6.0%	-3.0%	$110.44
DIOD Diodes Incorporated	NEUTRAL	$3.37B	51.24	3.6%	4.5%	$73.28	Compare
GTLB GitLab Inc.	BEARISH	$3.3B	-	-6.3%	-5.9%	$19.42	Compare
BL BlackLine, Inc.	BEARISH	$3.29B	48.25	22.2%	11.1%	$53.08	Compare
SYNA Synaptics Incorporated	NEUTRAL	$3.24B	-	-4.5%	-5.4%	$83.06	Compare

PI Impinj, Inc.

BEARISH

Mkt Cap

$3.3B

P/E

ROE

-6.0%

Price

$110.44

DIOD Diodes Incorporated

Compare with PI

Compare with PI

Compare with PI

SYNA Synaptics Incorporated

Compare with PI

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-03-23	BAKER CARY	Chief Financial Officer	Stock Award	1,858	-
2026-03-23	DIORIO CHRIS	Chief Executive Officer	Stock Award	5,635	-
2026-02-20	BAKER CARY	Chief Financial Officer	Stock Award	8,508	-
2026-02-20	DIORIO CHRIS	Chief Executive Officer	Stock Award	21,734	-
2026-02-17	DIORIO CHRIS	Chief Executive Officer	Gift	1,836	-
2025-12-23	BAKER CARY	Chief Financial Officer	Stock Award	1,856	-
2025-12-23	DIORIO CHRIS	Chief Executive Officer	Stock Award	5,635	-
2025-12-15	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	280,547	$42,233,220
2025-12-10	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	87,138	$13,562,557
2025-12-05	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	45,761	$7,653,588
2025-12-02	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	72,932	$12,231,770
2025-11-28	SYLEBRA CAPITAL, L.L.C.	Unknown	Sale	56,853	$9,785,629
2025-11-25	BAKER CARY	Chief Financial Officer	Gift	1,000	-
2025-11-25	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	78,062	$12,827,818
2025-11-21	SYLEBRA CAPITAL, L.L.C.	Beneficial Owner of more than 10% of a Class of Security	Sale	11,127	$1,735,688

BAKER CARY

Chief Financial Officer

Stock Award

2026-03-23

1,858 shares

DIORIO CHRIS

Chief Executive Officer

Stock Award

2026-03-23

5,635 shares

BAKER CARY

Chief Financial Officer

Stock Award

2026-02-20

8,508 shares

DIORIO CHRIS

Chief Executive Officer

Stock Award

2026-02-20

21,734 shares

DIORIO CHRIS

Chief Executive Officer

Gift

2026-02-17

1,836 shares

BAKER CARY

Chief Financial Officer

Stock Award

2025-12-23

1,856 shares

DIORIO CHRIS

Chief Executive Officer

Stock Award

2025-12-23

5,635 shares

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-12-15

280,547 shares · $42,233,220

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-12-10

87,138 shares · $13,562,557

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-12-05

45,761 shares · $7,653,588

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-12-02

72,932 shares · $12,231,770

SYLEBRA CAPITAL, L.L.C.

Unknown

Sell

2025-11-28

56,853 shares · $9,785,629

BAKER CARY

Chief Financial Officer

Gift

2025-11-25

1,000 shares

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-11-25

78,062 shares · $12,827,818

SYLEBRA CAPITAL, L.L.C.

Beneficial Owner of more than 10% of a Class of Security

Sell

2025-11-21

11,127 shares · $1,735,688

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A

2026-04-16

PI filed a definitive proxy statement on April 16, 2026, to provide shareholders with necessary information for voting at its upcoming meeting.

8-K

2026-03-16

PI filed an 8-K on March 16, 2026, likely to announce its annual financial results.

10-K

2026-02-09

PI submitted its annual 10-K filing on February 9, 2026, which includes sections on business operations, risk factors, and management's discussion and analysis of financial condition. Specific financial highlights and risk details were not provided in the available excerpts.

8-K

2026-02-05

PI filed an 8-K on February 5, 2026, likely to announce its fourth-quarter and full-year financial results.

8-K

2026-01-13

8-K

2025-12-22

8-K

2025-10-30

PI likely reported its third-quarter financial results in this 8-K filing dated October 30, 2025.

10-Q

2025-10-29

PI submitted its 10-Q filing on October 29, 2025. While the document includes a section for Risk Factors under Item 1A, the provided excerpt contains no specific financial highlights or detailed risk disclosures.

8-K

2025-10-29

PI filed an 8-K on October 29, 2025, likely to announce its third-quarter financial results.

8-K

2025-10-20

PI filed an 8-K on October 20, 2025, likely to announce its third-quarter financial results.

8-K

2025-09-08

8-K

2025-09-02

10-Q

2025-07-30

8-K

2025-07-30

8-K

2025-06-09

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

NONE

8 analysts

Roth Capital

2026-03-16

Maintains

Buy Buy

Barclays

2026-03-16

Maintains

Overweight Overweight

Barclays

2026-02-06

Maintains

Overweight Overweight

Cantor Fitzgerald

2026-02-06

Maintains

Overweight Overweight

Piper Sandler

2026-02-06

reit

Overweight Overweight

Needham

2026-02-06

Maintains

Buy Buy

Evercore ISI Group

2026-02-06

down

Outperform In-Line

UBS

2026-01-26

Maintains

Neutral Neutral

Needham

2026-01-16

reit

Buy Buy

UBS

2025-11-07

init

Neutral

Past News Coverage

Recent headlines mentioning PI from our newsroom.

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PI

PI Impinj, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Technology Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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