Impinj (PI) Stock

Impinj (PI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

SEZL, PI and ZIM are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.

This Industry Outlook article has featured Broadcom, Marvell Technology, and Impinj.

PI's stock prices are increasing due to high demand for RFID solutions, a growing customer base, and new market possibilities.

Impinj, listed on NASDAQ as PI, is a mid-sized chip company that has performed exceptionally well in 2024. Its stock has increased by more than 93%, making it one of the top five semiconductor stocks in the United States this year.

Impinj Inc. is seeing rapid growth due to high demand for its Endpoint IC products and increasing profit margins, indicating a new phase of growth. The most recent earnings report reveals a 46% year-over-year rise in revenue, particularly in the Endpoint IC segment, along with better EBITDA margins. However, even with strong fundamentals and growth potential, the current valuation reflects expectations for short-term gains.

Impinj reported good results for the third quarter, thanks to high demand. However, their weak predictions for the future have raised some worries.

Impinj, Inc. (NASDAQ:PI) will hold its Q3 2024 Earnings Conference Call on October 23, 2024, at 5:00 PM ET. The call will feature company leaders, including the CEO and CFO, as well as analysts from various financial firms. Participants will be in listen-only mode during the call.

Impinj (PI) reported quarterly earnings of $0.56 per share, which is higher than the Zacks Consensus Estimate of $0.47 per share. This is an improvement compared to last year's earnings, which were at break-even.