IMPINJ Inc (PI) Position Cut by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lessened its stake in IMPINJ Inc (NASDAQ:PI) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,245 shares of the company’s stock after selling 6,514 shares during the quarter. IMPINJ accounts for about 2.4% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Taylor Frigon Capital Management LLC’s holdings in IMPINJ were worth $3,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Rainier Group Investment Advisory LLC acquired a new position in shares of IMPINJ in the first quarter valued at approximately $104,000. MetLife Investment Advisors LLC bought a new stake in shares of IMPINJ in the fourth quarter worth $193,000. Guggenheim Capital LLC lifted its position in shares of IMPINJ by 81.0% in the fourth quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock worth $239,000 after purchasing an additional 4,790 shares in the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of IMPINJ in the second quarter worth $320,000. Finally, LPL Financial LLC lifted its position in shares of IMPINJ by 72.6% in the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock worth $285,000 after purchasing an additional 9,214 shares in the last quarter. Institutional investors own 70.95% of the company’s stock.

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Shares of PI stock traded down $0.38 during trading on Thursday, reaching $21.53. The company’s stock had a trading volume of 9,262 shares, compared to its average volume of 318,400. The company has a quick ratio of 4.67, a current ratio of 8.00 and a debt-to-equity ratio of 0.20. The firm has a market cap of $455.73 million, a PE ratio of -74.24 and a beta of 1.72. IMPINJ Inc has a one year low of $9.95 and a one year high of $50.73.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings data on Monday, May 7th. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.01). The business had revenue of $25.10 million during the quarter, compared to the consensus estimate of $23.95 million. IMPINJ had a negative return on equity of 11.89% and a negative net margin of 24.95%. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. equities analysts predict that IMPINJ Inc will post -1.36 earnings per share for the current fiscal year.

A number of brokerages have recently commented on PI. BidaskClub raised shares of IMPINJ from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Piper Jaffray Companies reissued an “overweight” rating and issued a $19.00 price objective on shares of IMPINJ in a research report on Tuesday, June 19th. Canaccord Genuity raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, May 8th. ValuEngine raised shares of IMPINJ from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research lowered shares of IMPINJ from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. IMPINJ currently has a consensus rating of “Hold” and a consensus price target of $27.00.

IMPINJ Profile

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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Wells Fargo & Company MN Purchases 939 Shares of Franco Nevada Corp (FNV)

Wells Fargo & Company MN boosted its position in shares of Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,654 shares of the basic materials company’s stock after purchasing an additional 939 shares during the quarter. Wells Fargo & Company MN’s holdings in Franco Nevada were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Franco Nevada by 3.3% in the 4th quarter. BlackRock Inc. now owns 115,792 shares of the basic materials company’s stock valued at $9,258,000 after acquiring an additional 3,723 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Franco Nevada in the 4th quarter valued at about $551,000. Alliancebernstein L.P. increased its stake in shares of Franco Nevada by 5.5% in the 4th quarter. Alliancebernstein L.P. now owns 61,114 shares of the basic materials company’s stock valued at $4,886,000 after acquiring an additional 3,169 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Franco Nevada by 133.0% in the 4th quarter. Two Sigma Advisers LP now owns 78,416 shares of the basic materials company’s stock valued at $6,283,000 after acquiring an additional 44,761 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Franco Nevada by 4.5% in the 4th quarter. Raymond James & Associates now owns 66,460 shares of the basic materials company’s stock valued at $5,314,000 after acquiring an additional 2,838 shares during the last quarter. 61.21% of the stock is owned by hedge funds and other institutional investors.

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Shares of Franco Nevada opened at $74.56 on Friday, according to Marketbeat Ratings. Franco Nevada Corp has a 52-week low of $66.19 and a 52-week high of $86.06. The company has a market capitalization of $13.87 billion, a P/E ratio of 63.73, a price-to-earnings-growth ratio of 15.28 and a beta of -0.02.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Franco Nevada had a return on equity of 4.67% and a net margin of 31.64%. The business had revenue of $173.10 million during the quarter, compared to analyst estimates of $169.26 million. During the same period in the previous year, the firm earned $0.25 EPS. Franco Nevada’s quarterly revenue was up .2% compared to the same quarter last year. research analysts anticipate that Franco Nevada Corp will post 1.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Thursday, June 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, June 13th. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Franco Nevada’s payout ratio is currently 88.89%.

A number of analysts have recently commented on FNV shares. Clarkson Capital reaffirmed a “neutral” rating on shares of Franco Nevada in a research note on Monday, April 2nd. Desjardins raised Franco Nevada from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Macquarie cut Franco Nevada from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 10th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $93.71.

Franco Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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