Illumina, Inc. (ILMN) Rating Lowered to Sell at BidaskClub
Illumina, Inc. (NASDAQ:ILMN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also recently commented on ILMN. Barclays PLC reissued an “equal weight” rating and set a $150.00 target price on shares of Illumina in a research note on Wednesday, August 9th. Vetr raised Illumina from a “hold” rating to a “buy” rating and set a $209.78 target price for the company in a research note on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and set a $200.00 target price on shares of Illumina in a research note on Wednesday, August 2nd. Zacks Investment Research cut Illumina from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, First Analysis raised Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 target price for the company in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Illumina presently has a consensus rating of “Hold” and an average target price of $177.01.
Shares of Illumina (NASDAQ ILMN) traded down 0.98% during midday trading on Thursday, hitting $189.32. The company had a trading volume of 882,072 shares. The firm has a market capitalization of $27.64 billion, a PE ratio of 37.99 and a beta of 0.83. The company has a 50-day moving average of $181.43 and a 200 day moving average of $174.88. Illumina has a 12 month low of $119.37 and a 12 month high of $199.95.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, August 1st. The life sciences company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. Illumina had a return on equity of 19.69% and a net margin of 30.27%. The firm had revenue of $662 million during the quarter, compared to analysts’ expectations of $642.38 million. During the same period in the previous year, the firm posted $0.86 EPS. Illumina’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect that Illumina will post $3.65 EPS for the current fiscal year.
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In other Illumina news, Director Jay T. Flatley sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $194.73, for a total transaction of $3,894,600.00. Following the completion of the sale, the director now directly owns 539,176 shares of the company’s stock, valued at approximately $104,993,742.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Charles Dadswell sold 145 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $184.75, for a total value of $26,788.75. Following the sale, the senior vice president now directly owns 10,791 shares of the company’s stock, valued at $1,993,637.25. The disclosure for this sale can be found here. Insiders sold a total of 154,010 shares of company stock valued at $27,840,615 over the last three months. Company insiders own 1.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ILMN. Nisa Investment Advisors LLC increased its stake in Illumina by 41.0% in the first quarter. Nisa Investment Advisors LLC now owns 6,190 shares of the life sciences company’s stock valued at $1,056,000 after buying an additional 1,800 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Illumina by 7.8% in the first quarter. State of Tennessee Treasury Department now owns 97,850 shares of the life sciences company’s stock valued at $16,697,000 after buying an additional 7,040 shares in the last quarter. Bank of Nova Scotia increased its stake in Illumina by 265.4% in the first quarter. Bank of Nova Scotia now owns 86,202 shares of the life sciences company’s stock valued at $14,710,000 after buying an additional 62,612 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Illumina by 8.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 27,981 shares of the life sciences company’s stock valued at $4,775,000 after buying an additional 2,158 shares in the last quarter. Finally, Columbus Circle Investors bought a new stake in Illumina during the first quarter valued at approximately $10,121,000. 93.91% of the stock is owned by hedge funds and other institutional investors.
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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