Illumina, Inc. (ILMN) Receives Average Recommendation of “Hold” from Analysts
Shares of Illumina, Inc. (NASDAQ:ILMN) have earned a consensus rating of “Hold” from the twenty-three brokerages that are presently covering the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $161.86.
A number of analysts have recently issued reports on the company. Vetr raised Illumina from a “buy” rating to a “strong-buy” rating and set a $196.75 price target on the stock in a research note on Monday, April 24th. Zacks Investment Research lowered Illumina from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Evercore ISI raised Illumina from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Monday, February 27th. Leerink Swann raised Illumina from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Monday, March 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $175.00 price target (up from $165.00) on shares of Illumina in a research note on Saturday, April 29th.
In other Illumina news, SVP Charles Dadswell sold 1,609 shares of Illumina stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $187.07, for a total value of $300,995.63. Following the sale, the senior vice president now owns 10,936 shares in the company, valued at $2,045,797.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Blaine Bowman sold 2,300 shares of Illumina stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $181.61, for a total value of $417,703.00. Following the completion of the sale, the director now owns 18,004 shares in the company, valued at approximately $3,269,706.44. The disclosure for this sale can be found here. Insiders sold 35,521 shares of company stock worth $6,465,772 in the last 90 days. Company insiders own 1.60% of the company’s stock.
Several large investors have recently bought and sold shares of ILMN. Advocacy Wealth Management Services LLC purchased a new stake in Illumina during the first quarter valued at about $102,000. Gemmer Asset Management LLC increased its stake in Illumina by 5.7% in the first quarter. Gemmer Asset Management LLC now owns 686 shares of the life sciences company’s stock valued at $117,000 after buying an additional 37 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Illumina during the first quarter valued at about $117,000. Stanford Investment Group Inc. increased its stake in Illumina by 5.7% in the fourth quarter. Stanford Investment Group Inc. now owns 1,400 shares of the life sciences company’s stock valued at $179,000 after buying an additional 75 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Illumina by 3.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,198 shares of the life sciences company’s stock valued at $204,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 92.79% of the company’s stock.
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Illumina (NASDAQ:ILMN) traded down 0.94% during mid-day trading on Monday, reaching $175.35. The company’s stock had a trading volume of 558,495 shares. The company has a market cap of $25.60 billion, a PE ratio of 35.49 and a beta of 0.79. Illumina has a 12-month low of $119.37 and a 12-month high of $189.48. The firm’s 50 day moving average is $178.52 and its 200-day moving average is $156.83.
Illumina (NASDAQ:ILMN) last issued its quarterly earnings data on Tuesday, April 25th. The life sciences company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. Illumina had a return on equity of 22.89% and a net margin of 19.31%. The company had revenue of $598 million for the quarter, compared to analyst estimates of $590.51 million. During the same period last year, the company earned $0.71 earnings per share. Illumina’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Illumina will post $3.63 earnings per share for the current fiscal 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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