What happened Shares of Impinj (NASDAQ: PI) gained 26.5% in July, according to data from S&P Global Market Intelligence. The stock gained ground amid momentum for the broader market and excitement surrounding the prospect that the company could be successful in its patent-infringement suit against NXP Semiconductors. PI data by YCharts. Impinj published a press release on June 6, detailing its contention that 26 of its radio-frequency identification (RFID) patents had been used in products from NXP without proper licensing. The stock also saw a spike following the company's second-quarter earnings release, but much of the post-earnings gains receded by the month's close. Image source: Impinj. So what Impinj reported second-quarter earnings results on July 29. Revenue for the period came in at $38.2 million, representing growth of 34% year over year and topping the average analyst estimate's call for sales of $35 million. The company posted a non-GAAP (adjusted) net income of $0.8 million -- working out to earnings of $0.03 per share and topping the average analyst target for a per-share loss of $0.09. Now what Impinj stock has managed to rise above volatility for the broader market and continue climbing in August. Shares are up roughly 3.5% in the month so far -- a notable performance because global markets have been pressured by another turn for the worse in trade relations between the U.S. and because China is Impinj's largest market and core manufacturing base. PI data by YCharts. For the third quarter, the company's revenue guidance calls for sales between $37 million and $39 million and its net income target ranges from a per-share loss of $0.04 to per-share earnings of $0.03. 10 stocks we like better than ImpinjWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Impinj wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends Impinj and NXP Semiconductors. The Motley Fool has a disclosure policy.Source