We recently released a list 10 tech stocks purchased by Trump’s Republican compatriots in the market crash. In this article, we will look at Impinj, Inc. (NASDAQ:PI) position, against other tech stocks purchased by Trump Republicans amid the market crash.
Tracking politicians’ stock investments is a great way to determine which stocks may receive favorable policy treatment from the government. By looking at the committees of these politicians, and the policy issues they are dealing with, investors can gain insight into the compliance of certain industries.
The Stock Act requires these politicians to report their industry within 45 days of placement. These disclosures are then made public to make the process as transparent as possible. While looking at some recent disclosures, we noticed that some politicians stood out. One such politician is Trump’s Republican fellow Marjorie Taylor Greene, who bought stocks on April 3 and 4, and the two days of S&P lost more than 10% of its value!
Some of these stocks have recovered from the trough of the day, which shows how Ms. Green was able to buy stocks that could recover quickly despite the ongoing struggles of the market.
To put a list of 10 technical stocks we acquired in the market crash, we reported two recent Republican documents on April 7 and 11, where she reported the deals. We then ranked by the number of hedge funds that put the company's stock into its portfolio.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
Close-up of computer engineer, code for cloud-connected platform.
Number of hedge fund holders: 37
Impinj, Inc. (NASDAQ:PI) is a cloud connection platform operator. The company's platform wireless linking project and provides data on linked projects for consumer and business applications. It mainly serves supply chain and logistics, aviation, data centers, retail, automotive, healthcare, banking, industry and manufacturing, and other markets.
According to Impinj, co-founder and CEO of Chris Diorio, the company has provided double-digit revenue growth for four consecutive years. This growth was driven by strong demand for general commodities, supply chains and logistics, as well as retail clothing. PI reported a 30% increase in revenue in the latest quarter, while the company's revenue grew by 19% in full year 2024.
Based on strong revenue, the company offers a positive future prospect for the company. According to the guidelines, PI Management expects revenue to be between $70 million and $73 million in the first quarter of 2025. This represents a sequential decline due to the lack of large planned ramps and out-of-end IC inventory. Gross margins will reach their lowest point in the first quarter due to lower average sales prices and product portfolios. However, with cost efficiency and new product launches, improvements are expected in the coming quarters.
Overall, pi Ranked 10th In our tech stocks, Trump’s Republican compatriots bought in a market crash. Although we acknowledge the potential of PI as an investment, our belief is that certain AI stocks have greater hope to offer higher returns and perform within a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than PI but have less than 5 times its earnings, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.