Illumina, Inc. (ILMN) Given Consensus Rating of “Hold” by Analysts
Illumina, Inc. (NASDAQ:ILMN) has earned a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $175.02.
ILMN has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and issued a $115.00 price target (up previously from $108.00) on shares of Illumina in a research report on Monday, May 15th. Vetr upgraded Illumina from a “buy” rating to a “strong-buy” rating and set a $196.89 price target on the stock in a research report on Wednesday, May 17th. BidaskClub upgraded Illumina from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Barclays PLC reiterated a “hold” rating and issued a $150.00 price target on shares of Illumina in a research report on Wednesday, July 19th.
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Illumina (ILMN) traded up 1.94% during mid-day trading on Wednesday, reaching $199.74. The company’s stock had a trading volume of 798,549 shares. Illumina has a 12 month low of $119.37 and a 12 month high of $200.00. The stock’s 50 day moving average is $183.92 and its 200 day moving average is $176.00. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 40.08 and a beta of 0.83.
Illumina (NASDAQ:ILMN) last released its quarterly earnings results on Tuesday, August 1st. The life sciences company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $642.38 million. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Illumina will post $3.65 EPS for the current year.
In other news, SVP Charles Dadswell sold 145 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $184.75, for a total value of $26,788.75. Following the completion of the sale, the senior vice president now directly owns 10,791 shares of the company’s stock, valued at $1,993,637.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay T. Flatley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $194.73, for a total value 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 $104,993,742.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,185 shares of company stock worth $25,063,480. 1.60% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of ILMN. First Citizens Bank & Trust Co. increased its stake in shares of Illumina by 0.4% in the second quarter. First Citizens Bank & Trust Co. now owns 3,088 shares of the life sciences company’s stock valued at $536,000 after buying an additional 12 shares during the period. Patten Group Inc. increased its stake 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 period. Puzo Michael J increased its stake in shares of Illumina by 0.4% in the second quarter. Puzo Michael J now owns 5,955 shares of the life sciences company’s stock valued at $1,032,000 after buying an additional 25 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Illumina by 1.7% in the second quarter. Flagship Harbor Advisors LLC now owns 2,046 shares of the life sciences company’s stock valued at $345,000 after buying an additional 35 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in shares of Illumina by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 6,914 shares of the life sciences company’s stock valued at $1,200,000 after buying an additional 38 shares during the period. 93.32% of the stock is owned by hedge funds and other institutional investors.
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.
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