Impinj: A Favorable Settlement Gives The Stock The Boost It Needed [Seeking Alpha]
Impinj, Inc. (PI)
Last impinj, inc. earnings: 4/27 04:15 pm
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US:NASDAQ Investor Relations:
investor.impinj.com
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Source: Seeking Alpha
NXPI will pay PI $60M this year and at least $15M in each of the next nine years to settle their patent dispute. The stock looks primed to head back to the all-time high reached early last year, but to get in on the action requires a steep entry fee. Long PI is worth considering, provided multiples are not an issue, but not everyone is likely to be on board. Impinj ( NASDAQ: PI ), a provider of RFID hardware and software solutions, struggled for much of 2023 with the stock suffering major losses, but PI has been able to recoup most of the losses with a powerful rally that has seen the stock more than double in value. However, the rally stalled in recent weeks with resistance in the way. PI needed a catalyst to break through and that is what it appears to have gotten with a favorable legal settlement. Why will be covered next. Impinj faced off against resistance A previous article from July 2023 rated PI a hold after concluding that even though the stock price had already be
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PI
News
- Impinj, Inc. (NASDAQ: PI) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $130.00 to $156.00. They now have a "buy" rating on the stock.MarketBeat
- Impinj, Inc. (NASDAQ:PI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Impinj Stock Is Soaring Today [Yahoo! Finance]Yahoo! Finance
- Impinj (PI) Shares Skyrocket, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Impinj, Inc. (NASDAQ: PI) had its price target raised by analysts at Roth Mkm from $125.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
PI
Earnings
- 4/24/24 - Beat
PI
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- PI's page on the SEC website