Illumina, Inc. (NASDAQ:ILMN) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They currently have a $197.84 target price on the life sciences company’s stock. Vetr‘s target price suggests a potential upside of 11.53% from the company’s previous close.

A number of other brokerages have also commented on ILMN. Deutsche Bank AG reaffirmed a “hold” rating and issued a $175.00 price target (up previously from $165.00) on shares of Illumina in a research note on Saturday, April 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Illumina in a research note on Wednesday, April 26th. Cantor Fitzgerald raised their price target on Illumina from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $115.00 price target (up previously from $108.00) on shares of Illumina in a research note on Monday, May 15th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $187.00 price target (up previously from $170.00) on shares of Illumina in a research note on Friday, April 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $165.02.

Analyst Recommendations for Illumina (NASDAQ:ILMN)

Illumina (ILMN) traded up 1.19% during mid-day trading on Wednesday, hitting $177.38. The company’s 50 day moving average price is $178.46 and its 200 day moving average price is $163.46. The company has a market capitalization of $25.90 billion, a P/E ratio of 35.90 and a beta of 0.76. Illumina has a one year low of $119.37 and a one year high of $189.48.

Illumina (NASDAQ:ILMN) last announced its quarterly earnings results on Tuesday, April 25th. The life sciences company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. Illumina had a return on equity of 21.21% and a net margin of 30.75%. The company had revenue of $598 million during the quarter, compared to analyst estimates of $590.51 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Illumina will post $3.63 EPS for the current fiscal year.

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In related news, EVP Omead Ostadan sold 1,672 shares of Illumina stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $170.00, for a total value of $284,240.00. Following the completion of the sale, the executive vice president now directly owns 29,586 shares in the company, valued at approximately $5,029,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay T. Flatley sold 20,000 shares of Illumina stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $184.14, for a total value of $3,682,800.00. Following the completion of the sale, the director now owns 539,176 shares of the company’s stock, valued at $99,283,868.64. The disclosure for this sale can be found here. Insiders sold a total of 76,457 shares of company stock valued at $13,761,498 over the last quarter. 1.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in ILMN. Advocacy Wealth Management Services LLC acquired a new stake in Illumina during the first quarter valued at approximately $102,000. Advisory Services Network LLC acquired a new stake in Illumina during the first quarter valued at approximately $117,000. 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 during the last quarter. Patten Group Inc. increased its stake in 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 last quarter. Finally, Probity Advisors Inc. acquired a new stake in Illumina during the first quarter valued at approximately $204,000. Institutional investors own 96.85% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

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