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Impinj Inc (PI)



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Upturn Advisory Summary
06/27/2025: PI (1-star) is currently NOT-A-BUY. Pass it for now.
Year Target Price $126.62
Year Target Price $126.62
5 | Strong Buy |
3 | Buy |
0 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.23% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.24B USD | Price to earnings Ratio - | 1Y Target Price 125.71 |
Price to earnings Ratio - | 1Y Target Price 125.71 | ||
Volume (30-day avg) - | Beta 1.67 | 52 Weeks Range 60.85 - 239.88 | Updated Date 06/29/2025 |
52 Weeks Range 60.85 - 239.88 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.06 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.26% | Operating Margin (TTM) -12.88% |
Management Effectiveness
Return on Assets (TTM) -0.54% | Return on Equity (TTM) -0.78% |
Valuation
Trailing PE - | Forward PE 98.04 | Enterprise Value 3386191090 | Price to Sales(TTM) 8.92 |
Enterprise Value 3386191090 | Price to Sales(TTM) 8.92 | ||
Enterprise Value to Revenue 9.31 | Enterprise Value to EBITDA 220.54 | Shares Outstanding 28983100 | Shares Floating 25895748 |
Shares Outstanding 28983100 | Shares Floating 25895748 | ||
Percent Insiders 4.24 | Percent Institutions 109.67 |
Analyst Ratings
Rating 4.62 | Target Price 126.62 | Buy 3 | Strong Buy 5 |
Buy 3 | Strong Buy 5 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Impinj Inc

Company Overview
History and Background
Impinj Inc. was founded in 2000. It pioneered RAIN RFID technology, focusing on connecting everyday items to the internet. The company has evolved from research and development to a leading provider of RAIN RFID solutions.
Core Business Areas
- Endpoint ICs: Impinj's endpoint ICs (integrated circuits) are embedded in items and provide a unique digital identity. They enable wireless identification and tracking.
- Readers: Impinj's readers communicate with endpoint ICs to identify, locate, and authenticate tagged items. These can be fixed or mobile readers.
- Software: Impinj provides software that manages and processes the data collected from RAIN RFID readers and endpoints, enabling various applications like inventory management and supply chain tracking.
- Reader ICs: Chips that reside inside RAIN RFID readers to provide better performance and lower solution cost for partners.
Leadership and Structure
Chris Diorio is the CEO of Impinj. The company operates with a functional organizational structure, focusing on engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Impinj Monza Endpoint ICs: These ICs are integrated into tags and labels to wirelessly connect items to the internet. They are used in retail, healthcare, and supply chain applications. Impinj is a market leader in RAIN RFID endpoint ICs. Competitors include NXP Semiconductors and Alien Technology.
- Impinj Speedway Readers: High-performance readers that identify and locate tagged items over a wide area. Used for inventory tracking, asset management, and loss prevention. Competitors include Zebra Technologies and Alien Technology.
- Impinj ItemSense Software Platform: A software platform for managing and analyzing RAIN RFID data. It provides real-time visibility into item location and status. Competitors include Zebra Technologies and SML Group.
- Impinj E Family Reader ICs: Chips that reside inside RAIN RFID readers to provide better performance and lower solution cost for partners. Competitors include NXP Semiconductors and STMicroelectronics.
Market Dynamics
Industry Overview
The RAIN RFID market is growing due to increasing demand for supply chain visibility, inventory management, and asset tracking. Adoption is expanding across retail, healthcare, logistics, and manufacturing.
Positioning
Impinj is a leading provider of RAIN RFID solutions. It holds a significant market share in endpoint ICs and reader ICs. Its competitive advantage lies in its technology, partnerships, and ecosystem.
Total Addressable Market (TAM)
The RAIN RFID market is expected to reach billions of dollars in the coming years. Impinj is positioned to capture a significant share of this market due to its comprehensive product portfolio and established market presence.
Upturn SWOT Analysis
Strengths
- Leading RAIN RFID technology
- Strong market share in endpoint ICs and reader ICs
- Established ecosystem of partners
- Comprehensive product portfolio
- Strong relationships with leading retail brands
Weaknesses
- Dependence on the adoption rate of RAIN RFID technology
- Susceptibility to economic cycles affecting customer spending
- Concentration of revenue from a few key customers
- Relatively high price compared to other technologies like barcodes in some applications.
Opportunities
- Expanding RAIN RFID adoption in new industries (e.g., healthcare, manufacturing)
- Developing new applications for RAIN RFID technology
- Growth in the Internet of Things (IoT) market
- Increasing demand for supply chain visibility
- Government initiatives promoting RFID adoption
Threats
- Competition from other RFID technologies (e.g., NFC)
- Slower-than-expected adoption of RAIN RFID technology
- Economic downturns affecting customer spending
- Disruptive technologies emerging in the item identification market
- Security vulnerabilities in RFID systems
Competitors and Market Share
Key Competitors
- NXPI
- ZBRA
- SMTC
Competitive Landscape
Impinj has advantages in endpoint ICs and reader ICs. Competitors such as NXP and Zebra have strengths in other areas of RFID and related technologies.
Growth Trajectory and Initiatives
Historical Growth: Impinj has experienced growth driven by the increasing adoption of RAIN RFID technology.
Future Projections: Analyst estimates vary, but projections generally indicate continued growth in revenue and profitability.
Recent Initiatives: Recent initiatives may include product development, partnerships, and market expansion efforts.
Summary
Impinj is a leader in the RAIN RFID market, benefiting from increasing adoption across industries. Its strengths lie in its technology and partnerships, but it faces competition and relies on continued market growth. Potential threats include economic downturns and alternative technologies. Impinj's future hinges on expanding its market reach and maintaining its technological edge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Impinj Investor Relations
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for general informational purposes only and does not constitute investment advice. Market share data is approximate and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Impinj Inc
Exchange NASDAQ | Headquaters Seattle, WA, United States | ||
IPO Launch date 2016-07-21 | Co-Founder, Vice Chairman & CEO Dr. Chris Diorio Ph.D. | ||
Sector Technology | Industry Semiconductors | Full time employees 451 | Website https://www.impinj.com |
Full time employees 451 | Website https://www.impinj.com |
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. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
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