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Impinj, Inc. (PI) Stock Analysis

Recovery setup

SellVALUE-TRAP 1/5Moderate Confidence

Technology · Semiconductors

Sell if holding. Engine safety override at $141.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: High short interest: 20%; Below-average business quality; Below long-term trend.

Impinj designs and sells a RAIN RFID platform including endpoint ICs (tags), reader ICs, finished readers/gateways, and tag production systems targeting item-to-cloud connectivity in retail, supply chain, healthcare, and other industries. Revenue is concentrated in a small... Read more

$141.03+0.7% A.UpsideScore 4.4/10#41 of 45 Semiconductors
Stop $131.66Target $142.57(analyst − 13%)A.R:R 0.1:1
Analyst target$163.88+16.2%8 analysts
$142.57our TP
$141.03price
$163.88mean
$112
$180

Sell if holding. Engine safety override at $141.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: High short interest: 20%; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 88. Score 4.4/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news boost earnings 0.70, earnings proximity no date, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

Thesis

Rewards
Recent Earnings detected in news
Risks
Concentration risk — Customer: Customer A (34.0%)
Concentration risk — Supplier: TSMC
Target reached (0.7% upside)

Key Metrics

P/E (TTM)
P/E (Fwd)38.5
Mkt Cap$3.6B
EV/EBITDA262.7
Profit Mgn-3.0%
ROE-6.0%
Rev Growth1.4%
Beta1.66
DividendNone
Rating analysts16

Quality Signals

Piotroski F6/9

Options Flow

P/C0.26bullish
IV89%elevated
Max Pain$50-64.5% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHCustomerCustomer A34%
    10-K Item 1A: 'Customer A | | | 34 | % | | | 28 | % | | | 33 | %'
  • MEDIUMCustomerCustomer B15%
    10-K Item 1A: 'Customer B | | | 15 | | | | 15 | | | * |'
  • LOWCustomerCustomer C12%
    10-K Item 1A: 'Customer C | | | 12 | | | | 17 | | | | 11 |'
  • HIGHSupplierTSMC
    10-K Item 1A: 'we do not have long-term supply contracts ... TSMC, manufactures our endpoint IC wafers primarily in Taiwan and has been our supplier since 2003'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

4 floor-breakers

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
1.2
Quality Rank
1.4
Value Rank
4.5

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.0
52w Position
1.5
Gap
3.0
Support Resistance
3.3
Extreme gap up (29.1%) - may pull back

Growth below the gate floor. Component breakdown shows what dragged the score down.static

Revenue Growth
2.8
Low model confidence on this dimension (33%).

Unprofitable operations — net margin -3.0%. Quality floor flags this regardless of sector context.static

Roe
0.0
Roa
0.0
Operating Margin
0.0
Net Margin
0.0
Moat
5.0
Fcf Quality
5.1
Gross Margin
6.5
Piotroski F
6.7
Current Ratio
9.0
FCF-positive but moderate margins (FCF margin 11%, FCF yield 1.1%)No competitive moat
GatesA.R:R 0.1 < 1.5@spotDeath cross (50MA < 200MA)Momentum 7.0>=5.5Insider activity: OKNo SEC red flagsNEWS BOOST EARNINGS 0.70EARNINGS PROXIMITY NO DATESEMI CYCLE PEAK CLEARRecoverySuitability: Aggressive
RSI
88 · Overbought
20D MA 50D MA 200D MADEATH CROSSSupport $97.50Resistance $163.40

Price Targets

$132
$143
A.Upside+1.1%
A.R:R0.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (0.7% upside)
! Quality below floor (3.6 < 4.0)
! Reward/Risk 0.1:1 at current price — below 1.5:1 minimum

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-04-29 (nulld)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is PI stock a buy right now?

Sell if holding. Engine safety override at $141.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: High short interest: 20%; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 88. Prior stop was $131.66. Score 4.4/10, moderate confidence.

What is the PI stock price target?

Take-profit target: $142.57 (+0.7% upside). Prior stop was $131.66. Stop-loss: $131.66.

What are the risks of investing in PI?

Concentration risk — Customer: Customer A (34.0%); Concentration risk — Supplier: TSMC; Target reached (0.7% upside).

Is PI overvalued or undervalued?

Impinj, Inc. trades at a P/E of N/A (forward 38.5). TrendMatrix value score: 4.9/10. Verdict: Sell.

What do analysts say about PI?

16 analysts cover PI with a consensus score of 4.1/5. Average price target: $164.

What does Impinj, Inc. do?Impinj designs and sells a RAIN RFID platform including endpoint ICs (tags), reader ICs, finished readers/gateways, and...

Impinj designs and sells a RAIN RFID platform including endpoint ICs (tags), reader ICs, finished readers/gateways, and tag production systems targeting item-to-cloud connectivity in retail, supply chain, healthcare, and other industries. Revenue is concentrated in a small number of customers: top 3 customers represented 61% of 2025 revenue. TSMC manufactures all endpoint and reader IC wafers exclusively without long-term supply agreements.

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