Amalgamated Bank Cuts Stake in Impinj, By 14.5% in Q1
August 15, 2023
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Impinj ($NASDAQ:PI), Inc. saw a 14.5% decrease in its position with Amalgamated Bank during the 1st quarter, as reported by the company. Impinj is a global provider of RAIN RFID solutions that empower businesses to identify, locate and authenticate items. Their technology enables businesses to identify and authenticate items and objects, manage inventory, track assets and automate data capture processes for numerous industries including retail, healthcare and manufacturing. The company’s stock has been volatile over the past few months, with Amalgamated Bank cutting its stake in the company by 14.5% during the first quarter. This news has been met with mixed reactions from the investment community, with some analysts viewing the reduction as a sign of caution, while others see it as a potential buying opportunity.
Despite the decrease in ownership, the bank still owns a substantial portion of Impinj’s stock. It remains to be seen how this news will impact Impinj in the coming weeks and months, but investors should closely monitor the company for further developments. With its innovative technology and strong market presence, Impinj remains a stock to watch in the RAIN RFID industry.
Analysis
At GoodWhale, we have conducted an in-depth analysis of IMPINJ‘s financials and have determined it to be a high risk investment in terms of both financial and business aspects. After carefully examining the income sheet, balance sheet, cashflow statement, non financial, and financial journal,our analysis has identified five risk warnings. For investors who are looking into investing in IMPINJ, we recommend registering with us in order to gain access to our full report and to examine the five risk warnings more closely. Our goal is to provide our users with the most reliable and up-to-date information so that they can make more informed and successful investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Impinj. More…
| Total Revenues | Net Income | Net Margin |
| 316.74 | -14.74 | -4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Impinj. More…
| Operations | Investing | Financing |
| -40.82 | 38.81 | 14.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Impinj. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 383.55 | 346.75 | 1.38 |
Key Ratios Snapshot
Some of the financial key ratios for Impinj are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | – | -3.7% |
| FCF Margin | ROE | ROA |
| -19.8% | -22.9% | -1.9% |
Peers
Its product portfolio includes RFID readers, antennas, tags, and other related hardware and software products. The company’s solutions are used in a wide variety of applications, including inventory management, supply chain management, asset tracking, and access control. Impinj also offers a wide range of services, including consulting, support, and education. The company’s products compete against those offered by Ceragon Networks Ltd, u-Blox Holding AG, and Redline Communications Group Inc.
– Ceragon Networks Ltd ($NASDAQ:CRNT)
Ceragon Networks Ltd is a global provider of high-capacity broadband wireless solutions. Its solutions enable mobile operators, fixed-line service providers, private network operators and enterprises to deliver voice, data and multimedia services. Ceragon Networks Ltd has a market cap of 158.42M as of 2022 and a Return on Equity of -0.74%. The company’s solutions are based on its proprietary Ultra High Capacity technology, which delivers high-capacity, high-availability and low-latency connectivity.
– u-Blox Holding AG ($LTS:0QNI)
u-Blox Holding AG is a Swiss technology company that specializes in positioning and wireless communication technologies for the automotive, industrial, and consumer markets. The company has a market capitalization of 781.27 million as of 2022 and a return on equity of 13.55%. u-Blox Holding AG develops and markets global navigation satellite system (GNSS) positioning products and services for automotive, industrial, and consumer applications. The company’s products include GNSS chips and modules, GNSS software, GNSS reference receivers, GNSS antenna solutions, GNSS evaluation kits, and GNSS simulators. u-Blox Holding AG also provides cellular communication products, such as cellular modules, cellular gateways, and cellular IoT products.
Summary
Investing in Impinj, Inc. is a risky venture that requires careful analysis of the stock’s performance. Investors should watch out for potential signs of recovery before investing, as well as any other changes affecting the company’s performance. It is also essential to monitor the company’s financial performance and business strategy, including its competitive landscape and overall market position. Additionally, investors should consider the potential risks of investing in Impinj, such as its debt-to-equity ratio and cash flow.
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