Impinj, Inc.

PI

US4532041096

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
150.9 ^USD	-2.98%		+29.74%	+67.62%

Apr. 25	Top Midday Gainers	MT
Apr. 25	Impinj Share Jump Despite Reporting Q1 Adjusted Earnings, Revenue Decline	MT

Impinj Shares Rise 14% After Patent Settlement

March 14, 2024 at 11:01 am EDT

By Chris Wack

Impinj shares were up 14% to $129.06 after the company said it got a successful settlement of its patent disputes with NXP Semiconductors N.V.

The Internet technology company said the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party's patents to the other.

The agreement also releases resellers and end users from infringement claims for the sale or use of the parties' UHF RFID products before the date of the agreement.

The agreement, which concludes a multiyear patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

03-14-24 1059ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	NXP SEMICONDUCTORS N.V.	242.7 USD	+1.94%	+12.82%	62.15B
	IMPINJ, INC.	150.9 USD	-2.98%	+29.74%	4.18B

Latest news about Impinj, Inc.

Top Midday Gainers	Apr. 25	MT
Impinj Share Jump Despite Reporting Q1 Adjusted Earnings, Revenue Decline	Apr. 25	MT
Needham Adjusts Impinj's Price Target to $160 From $130, Keeps Buy Rating	Apr. 25	MT
Piper Sandler Adjusts Impinj Price Target to $150 From $130, Maintains Overweight Rating	Apr. 25	MT
Impinj Q1 Adjusted Earnings, Revenue Decline	Apr. 25	MT
Transcript : Impinj, Inc., Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Earnings Flash (PI) IMPINJ Reports Q1 Revenue $76.8M, vs. Street Est of $73.6M	Apr. 24	MT
Impinj, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Earnings Flash (PI) IMPINJ Posts Q1 EPS $0.21, vs. Street Est of $0.11	Apr. 24	MT
Susquehanna Adjusts Impinj's Price Target to $140 From $130, Maintains Positive Rating	Apr. 23	MT
Evercore ISI Starts Impinj With Outperform Rating	Apr. 16	MT
Impinj Insider Sold Shares Worth $358,430, According to a Recent SEC Filing	Mar. 21	MT
Sector Update: Tech Stocks Mixed Thursday Afternoon	Mar. 14	MT
Impinj Shares Jump After Patent Settlement with NXP Semiconductors	Mar. 14	MT
Roth MKM Raises Price Target on Impinj to $125 From $115, Maintains Buy Rating	Mar. 14	MT
Impinj Shares Rise 14% After Patent Settlement	Mar. 14	DJ
Canaccord Genuity Raises Price Target on Impinj to $150 From $130, Maintains Buy Rating	Mar. 14	MT
Impinj to Receive Payments as Part of Patents Settlement with NXP Semiconductors	Mar. 13	MT
Impinj, Inc. and NXP Semiconductors N.V. and NXP USA, Inc. Enter into Settlement and Patent Cross- License Agreement	Mar. 13	CI
Microchip Technology Insider Sold Shares Worth $3,392,789, According to a Recent SEC Filing	Mar. 08	MT
Impinj Insider Sold Shares Worth $252,745, According to a Recent SEC Filing	Feb. 22	MT
Impinj Insider Sold Shares Worth $2,042,755, According to a Recent SEC Filing	Feb. 16	MT
Goldman Sachs Adjusts Impinj's Price Target to $115 From $89, Keeps Buy Rating	Feb. 09	MT
Susquehanna Adjusts Price Target on Impinj to $130 From $115, Maintains Positive Rating	Feb. 09	MT
Needham Adjusts Price Target on Impinj to $120 From $115, Maintains Buy Rating	Feb. 09	MT

Chart Impinj, Inc.

Duration

Period

More charts

Company Profile

Impinj, Inc. (Impinj) is engaged in developing of Internet of things (IoT) solutions. The Company helps businesses and people to analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. The Company uses a type of radio-frequency identification (RFID) technology known as RAIN for the wireless item-to-cloud connectivity. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless IoT. It sells a suite of products that enable the Company and its partner ecosystem use to connect and deliver item data to enterprises. It sells two types of silicon integrated circuit (IC) radios. The first are endpoint ICs that store a serialized number to wirelessly identify an item. The second are reader ICs that its partners use in finished readers to wirelessly discover, inventory and engage the endpoint ICs.

Sector

Semiconductors

Calendar

2024-06-06 - Annual General Meeting

Related indices

Russell 2000

More about the company