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home / news releases / PI - Impinj: A Favorable Settlement Gives The Stock The Boost It Needed

PI - Impinj: A Favorable Settlement Gives The Stock The Boost It Needed

Impinj Inc.

2024-03-17 10:06:06 ET

Summary

  • The stock stalled in recent weeks due to resistance, but a favorable settlement with NXPI has reinvigorated the stock.
  • NXPI will pay PI $60M this year and at least $15M in each of the next nine years to settle their patent dispute.
  • The stock looks primed to head back to the all-time high reached early last year, but to get in on the action requires a steep entry fee.
  • Long PI is worth considering, provided multiples are not an issue, but not everyone is likely to be on board.

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For further details see:

Impinj: A Favorable Settlement Gives The Stock The Boost It Needed
Stock Information
Company Name: Impinj Inc.
Stock Symbol: PI
Market: NASDAQ
Website: impinj.com
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