Invesco Cuts Impinj Stake to 7.2% as of Dec 29, 2023

TL;DR

**Invesco trimmed its Impinj stake to 7.2%, signaling a potential shift in sentiment.**

AI Summary

Invesco Ltd. filed an amended SC 13G/A on February 1, 2024, disclosing its ownership of 1,848,600 shares of Impinj Inc. common stock as of December 29, 2023. This represents a 7.2% stake in Impinj, a decrease from their previous filing. This matters to investors because a large institutional investor like Invesco reducing its stake could signal a change in their outlook on Impinj's future performance or valuation, potentially influencing other investors' decisions.

Why It Matters

This filing shows Invesco, a major institutional investor, has reduced its ownership in Impinj, which could be interpreted as a less bullish stance on the company's prospects.

Risk Assessment

Risk Level: medium — A significant institutional investor reducing its stake can create uncertainty and potentially put downward pressure on the stock price.

Analyst Insight

An investor might consider researching the reasons behind Invesco's reduction in its Impinj stake, looking for any underlying changes in Impinj's fundamentals or market conditions, before making any investment decisions.

Key Numbers

• 1,848,600 — Shares Owned (The total number of Impinj Inc. common stock shares beneficially owned by Invesco Ltd.)
• 7.2% — Ownership Percentage (The percentage of Impinj Inc.'s common stock that Invesco Ltd. beneficially owns.)
• December 29, 2023 — Reporting Date (The specific date as of which Invesco Ltd.'s ownership stake is being reported.)

Key Players & Entities

• Invesco Ltd. (company) — the reporting person and institutional investor
• Impinj Inc. (company) — the subject company whose shares are being reported
• 1,848,600 (dollar_amount) — number of shares of Impinj Inc. beneficially owned by Invesco Ltd.
• 7.2% (dollar_amount) — percentage of Impinj Inc. common stock owned by Invesco Ltd.
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Impinj Inc. following Invesco's reduced stake. (Impinj Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000029.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Impinj Inc (Name of Issuer) Common Stock (Title of Class of Securities) 453204109 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 453204109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 522,933 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 526,272 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 526,272 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Impinj Inc (b) Address of Issuer's Principal Executive Offices 400 Fairview Avenue North, Suite 1200, Seattle, WA 98109 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Common Stock (e) CUSIP Number 453204109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 526,272 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 1.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 522,933 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 526,272 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco Advisers, Inc. Invesco Capital Management LLC Item 8. Identification and Classification of Members of the Group. Not Applicable. This schedule is not being filed pursuant to Rule 13d-1(b)(1)(ii)(J) or Rule

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View this SC 13G/A filing on SEC EDGAR