Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 175.47

-6.4%

Nov 4 3:59 PM EST

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From: Cooters	3/14/2024 9:19:44 AM
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Impinj Inc (PI) PT Raised to $125 at Roth/MKM The analyst comments "NXP and Impinj reached a settlement and cross-licensing arrangement that will 1) pay Impinj a $45M one-time payment, 2) provide an annual royalty payment of $15M+ and 3) reduce litigation expenses which peaked at $15.7M in 2023. Collectively, this translates to an incremental $0.40-0.50 fully taxed EPS ($0.30+ from ongoing royalties and $0.15+ from litigation savings). Additionally, this strongly reinforces Impinj’s IP leadership position in RAIN RFID. We maintain our Buy rating and modestly raise our PT to $125."

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