Illumina, Inc. (NASDAQ:ILMN)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity in a report released on Wednesday. They presently have a $170.00 target price on the life sciences company’s stock. Canaccord Genuity’s price target indicates a potential downside of 2.21% from the stock’s previous close.

Several other analysts have also recently weighed in on ILMN. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Tuesday, April 4th. Vetr raised Illumina from a “buy” rating to a “strong-buy” rating and set a $190.90 price target for the company in a research note on Tuesday, April 4th. Leerink Swann reaffirmed a “buy” rating on shares of Illumina in a research note on Wednesday, April 5th. TheStreet raised Illumina from a “c+” rating to a “b” rating in a research note on Thursday, April 6th. Finally, Bank of America Corporation upped their price target on Illumina from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $167.49.

Illumina (NASDAQ ILMN) opened at 173.85 on Wednesday. The firm has a 50 day moving average of $175.17 and a 200 day moving average of $171.09. Illumina has a one year low of $119.37 and a one year high of $189.48. The firm has a market capitalization of $25.38 billion, a PE ratio of 35.19 and a beta of 0.84.

Illumina (NASDAQ:ILMN) last announced its quarterly earnings data on Tuesday, April 25th. The life sciences company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The firm had revenue of $598 million during the quarter, compared to analysts’ expectations of $590.51 million. Illumina had a return on equity of 21.21% and a net margin of 30.75%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Equities analysts forecast that Illumina will post $3.63 EPS for the current year.

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In other Illumina news, Director Jay T. Flatley sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $170.77, for a total transaction of $2,561,550.00. Following the completion of the transaction, the director now owns 534,176 shares of the company’s stock, valued at approximately $91,221,235.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Charles Dadswell sold 1,609 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 10,936 shares of the company’s stock, valued at approximately $2,045,797.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,248 shares of company stock valued at $22,281,673. Insiders own 1.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management increased its stake in Illumina by 2.2% in the third quarter. Perigon Wealth Management now owns 4,340 shares of the life sciences company’s stock valued at $763,000 after buying an additional 94 shares during the last quarter. KBC Group increased its stake in Illumina by 159.3% in the third quarter. KBC Group now owns 32,352 shares of the life sciences company’s stock valued at $5,688,000 after buying an additional 19,876 shares during the last quarter. EQIS Capital Management increased its stake in Illumina by 137.2% in the fourth quarter. EQIS Capital Management now owns 10,567 shares of the life sciences company’s stock valued at $2,028,000 after buying an additional 6,113 shares during the last quarter. Osborn Rohs Williams & Donohoe bought a new stake in Illumina during the fourth quarter valued at approximately $691,000. Finally, Private Asset Management bought a new stake in Illumina during the fourth quarter valued at approximately $293,000. 93.75% of the stock is owned by institutional investors.

About Illumina

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.

Analyst Recommendations for Illumina (NASDAQ:ILMN)

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