Shares of Illumina, Inc. (NASDAQ:ILMN) have received a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $175.02.
A number of brokerages recently weighed in on ILMN. Vetr lowered shares of Illumina from a “buy” rating to a “hold” rating and set a $209.78 price target for the company. in a report on Thursday. BidaskClub lowered shares of Illumina from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Barclays PLC reissued an “equal weight” rating and issued a $150.00 price target on shares of Illumina in a report on Wednesday, August 9th. Canaccord Genuity raised shares of Illumina from a “hold” rating to a “buy” rating and raised their price target for the company from $170.00 to $215.00 in a report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Illumina from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
In related news, Director Jay T. Flatley sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $180.24, for a total value of $3,604,800.00. Following the sale, the director now directly owns 539,176 shares of the company’s stock, valued at approximately $97,181,082.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles Dadswell sold 145 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $184.75, for a total transaction of $26,788.75. Following the completion of the sale, the senior vice president now directly owns 10,791 shares in the company, valued at $1,993,637.25. The disclosure for this sale can be found here. Insiders sold a total of 165,951 shares of company stock valued at $30,578,030 in the last three months. 1.60% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in shares of Illumina during the first quarter valued at approximately $117,000. Penserra Capital Management LLC boosted its stake in shares of Illumina by 13.0% in the second quarter. Penserra Capital Management LLC now owns 884 shares of the life sciences company’s stock valued at $153,000 after buying an additional 102 shares during the period. Paradigm Asset Management Co. LLC boosted its stake in shares of Illumina by 5.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the life sciences company’s stock valued at $165,000 after buying an additional 50 shares during the period. Patten Group Inc. boosted its stake in shares of Illumina by 2.7% in the first quarter. Patten Group Inc. now owns 965 shares of the life sciences company’s stock valued at $166,000 after buying an additional 25 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Illumina by 11.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 985 shares of the life sciences company’s stock valued at $171,000 after buying an additional 100 shares during the period. 93.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Illumina (NASDAQ ILMN) traded up 1.32% during mid-day trading on Wednesday, hitting $207.15. The stock had a trading volume of 824,566 shares. The firm has a 50 day moving average of $187.91 and a 200 day moving average of $177.34. The stock has a market cap of $30.24 billion, a price-to-earnings ratio of 41.56 and a beta of 0.80. Illumina has a one year low of $119.37 and a one year high of $207.49.
Illumina (NASDAQ:ILMN) last posted its earnings results on Tuesday, August 1st. The life sciences company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. Illumina had a net margin of 30.27% and a return on equity of 19.69%. The company had revenue of $662 million during the quarter, compared to analysts’ expectations of $642.38 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Illumina’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts forecast that Illumina will post $3.65 earnings per share for the current year.
Illumina Company Profile
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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