FMR LLC & Abigail Johnson Trim Impinj Stake to 14.999%
Ticker: PI · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1114995
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, ownership-change
TL;DR
**FMR LLC and Abigail Johnson still own a big chunk of Impinj, but slightly less than before.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in IMPINJ INC. As of February 9, 2024, they collectively beneficially own 4,058,341 shares of IMPINJ INC common stock, representing 14.999% of the company. This filing indicates a significant, but slightly reduced, passive investment by a large institutional holder, which matters to investors as it signals continued institutional confidence, albeit at a slightly lower percentage than previously reported, in IMPINJ INC's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a substantial portion of IMPINJ INC, indicating continued belief in the company, but the slight reduction in percentage could signal a minor rebalancing of their portfolio.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, with no immediate signs of hostile action or significant divestment.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial stake in IMPINJ INC, signaling long-term confidence, but the slight reduction in percentage ownership might warrant monitoring future filings for further changes in their position.
Key Numbers
- 4,058,341 — Shares Beneficially Owned (Represents the total common stock of IMPINJ INC held by FMR LLC and Abigail P. Johnson as of February 9, 2024.)
- 14.999% — Percent of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in IMPINJ INC, showing continued institutional interest.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- IMPINJ INC (company) — the issuer of the common stock
- 4,058,341 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 14.999% (dollar_amount) — percentage of IMPINJ INC's class of common stock owned
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially fluctuating, passive investment in IMPINJ INC over the next year. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who filed this SC 13G/A amendment regarding IMPINJ INC?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of IMPINJ INC common shares beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own a total of 4,058,341 shares of IMPINJ INC common stock, as reported in Item 4(a) and Item 9 on the cover page for both reporting persons.
What percentage of IMPINJ INC's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 14.999% of IMPINJ INC's common stock, as indicated in Item 4(b) and Item 11 on the cover page for both reporting persons.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as checked in the appropriate box on the first page of the filing and confirmed in Item 3.
What is the business address of IMPINJ INC?
The business address of IMPINJ INC is 400 FAIRVIEW AVENUE NORTH, SUITE 1200, Seattle, WA 98109 USA, as stated in Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding IMPINJ INC (PI).