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Technology Stocks : Impinj, Inc.
PI 163.81-3.1%3:59 PM EST

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From: Cooters12/12/2023 2:48:27 PM
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Small-Cap Tech Stocks Could Shine in 2024. Here Are 13 Top Ideas.

Small-Cap Tech Stocks Could Shine in 2024. Here Are 13 Top Ideas. (msn.com)

Satori Fund hedgie Dan Niles says one of his favorite small-caps is Impinj, a $2.3 billion market cap company that makes RFID tags to track merchandise through the global supply chain. Niles notes that Impinj took a double hit during the pandemic from supply-chain issues and the slowdown in retail sales, particularly in apparel, which caused inventories to balloon. But he says Impinj is benefiting from declining component costs, while expanding its reach into a broader set of retail categories. FedEx and UPS both use Impinj technology to track packages, Niles says. While Impinj shares have rebounded from recent lows, the stock is down 43% since April.

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First I've heard Fedex mentioned specifically as the other large NA logistics customer. Niles is a brilliant guy, love having him on board. Cooters
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