Illumina, Inc. (NASDAQ:ILMN) – Investment analysts at William Blair lowered their FY2018 earnings per share estimates for shares of Illumina in a research report issued on Tuesday. William Blair analyst A. Murphy now expects that the life sciences company will earn $4.36 per share for the year, down from their previous estimate of $4.37.

Illumina (NASDAQ:ILMN) last issued its quarterly earnings data on Tuesday, August 1st. The life sciences company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The company had revenue of $662 million during the quarter, compared to analysts’ expectations of $642.38 million. Illumina had a net margin of 30.27% and a return on equity of 19.69%. Illumina’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share.

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A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Illumina from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Vetr upgraded shares of Illumina from a “hold” rating to a “buy” rating and set a $209.78 target price on the stock in a research note on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and set a $150.00 target price on shares of Illumina in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Illumina from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, First Analysis upgraded shares of Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 target price on the stock in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $177.01.

Shares of Illumina (NASDAQ ILMN) traded down 0.39% during trading on Wednesday, reaching $193.16. 412,965 shares of the company traded hands. The company’s 50-day moving average price is $180.27 and its 200-day moving average price is $174.41. The company has a market capitalization of $28.20 billion, a P/E ratio of 38.76 and a beta of 0.83. Illumina has a 52 week low of $119.37 and a 52 week high of $199.95.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its position in Illumina by 69.0% in the first quarter. Jennison Associates LLC now owns 5,254,274 shares of the life sciences company’s stock valued at $896,589,000 after buying an additional 2,144,576 shares during the last quarter. Winslow Capital Management LLC purchased a new position in Illumina during the second quarter valued at approximately $211,584,000. HPM Partners LLC raised its position in Illumina by 29,103.8% in the second quarter. HPM Partners LLC now owns 751,999 shares of the life sciences company’s stock valued at $107,724,000 after buying an additional 749,424 shares during the last quarter. Fred Alger Management Inc. raised its position in Illumina by 611.9% in the second quarter. Fred Alger Management Inc. now owns 637,597 shares of the life sciences company’s stock valued at $110,636,000 after buying an additional 548,030 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Illumina by 55.6% in the second quarter. TIAA CREF Investment Management LLC now owns 1,475,669 shares of the life sciences company’s stock valued at $256,058,000 after buying an additional 527,548 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

In related news, Director Jay T. Flatley sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $180.24, for a total value of $3,604,800.00. Following the completion of the transaction, the director now directly owns 539,176 shares of the company’s stock, valued at $97,181,082.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Charles Dadswell sold 1,609 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $197.00, for a total transaction of $316,973.00. Following the completion of the transaction, the senior vice president now directly owns 9,037 shares of the company’s stock, valued at $1,780,289. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,010 shares of company stock valued at $23,946,015. 1.60% of the stock is currently owned by insiders.

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.

Earnings History and Estimates for Illumina (NASDAQ:ILMN)

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