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Illumina (NASDAQ:ILMN) SVP Mostafa Ronaghi unloaded 10,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $179.66, for a total transaction of $1,796,600.00. Following the sale, the senior vice president now directly owns 28,604 shares in the company, valued at approximately $5,138,995. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Illumina (NASDAQ:ILMN) traded down 1.08% on Wednesday, hitting $177.78. The stock had a trading volume of 1,178,291 shares. Illumina has a one year low of $72.77 and a one year high of $185.00. The stock has a 50-day moving average of $170.1 and a 200-day moving average of $161.7. The company has a market cap of $24.782 billion and a P/E ratio of 120.06.

Illumina (NASDAQ:ILMN) last announced its earnings results on Wednesday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.07. The company had revenue of $448.00 million for the quarter, compared to the consensus estimate of $426.50 million. During the same quarter last year, the company posted $0.43 earnings per share. Illumina’s revenue was up 29.5% compared to the same quarter last year. On average, analysts predict that Illumina will post $2.29 earnings per share for the current fiscal year.

A number of research firms have recently commented on ILMN. Analysts at Wedbush upgraded shares of Illumina from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 20th. They now have a $200.00 price target on the stock, up previously from $165.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Illumina in a research note on Monday, August 11th. They set a “buy” rating and a $200.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Illumina from $184.00 to $187.00 in a research note on Tuesday, August 5th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Illumina currently has a consensus rating of “Buy” and a consensus price target of $178.92.

Illumina, Inc (NASDAQ:ILMN) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.

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