Insider Selling: Illumina, Inc. (ILMN) Director Sells 15,000 Shares of Stock
Illumina, Inc. (NASDAQ:ILMN) Director Jay T. Flatley sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $170.77, for a total value of $2,561,550.00. Following the completion of the transaction, the director now directly owns 534,176 shares in the company, valued at approximately $91,221,235.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Illumina, Inc. (ILMN) traded down 1.10% during mid-day trading on Thursday, reaching $171.97. The company had a trading volume of 653,969 shares. Illumina, Inc. has a one year low of $119.37 and a one year high of $189.48. The firm has a 50 day moving average of $175.68 and a 200-day moving average of $170.24. The stock has a market capitalization of $25.11 billion, a P/E ratio of 34.80 and a beta of 0.84.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, April 25th. The life sciences company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $598 million for the quarter, compared to the consensus estimate of $590.51 million. Illumina had a return on equity of 21.21% and a net margin of 30.75%. Illumina’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts forecast that Illumina, Inc. will post $3.63 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Advocacy Wealth Management Services LLC acquired a new position in shares of Illumina during the first quarter valued at approximately $102,000. Gemmer Asset Management LLC increased its position in shares of 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. Advisory Services Network LLC acquired a new position in shares of Illumina during the first quarter valued at approximately $117,000. Patten Group Inc. increased its position 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 last quarter. Finally, NN Investment Partners Holdings N.V. increased its position 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 last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.
Several research analysts have weighed in on ILMN shares. Piper Jaffray Companies reissued an “overweight” rating and issued a $187.00 price objective (up previously from $170.00) on shares of Illumina in a research report on Friday, April 14th. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Tuesday, April 4th. Vetr cut Illumina from a “strong-buy” rating to a “buy” rating and set a $188.84 price objective on the stock. in a research report on Monday, March 27th. Cantor Fitzgerald boosted their price objective on Illumina from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Finally, Leerink Swann reissued a “buy” rating on shares of Illumina in a research report on Wednesday, April 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Illumina presently has a consensus rating of “Hold” and a consensus target price of $166.54.
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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