Insider Selling: Illumina, Inc. (ILMN) Director Sells 20,000 Shares of Stock
Illumina, Inc. (NASDAQ:ILMN) Director Jay T. Flatley sold 20,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $203.27, for a total value of $4,065,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Illumina, Inc. (NASDAQ ILMN) traded up 0.75% during trading on Thursday, reaching $208.24. 657,641 shares of the company traded hands. Illumina, Inc. has a 12-month low of $119.37 and a 12-month high of $214.34. The stock has a market capitalization of $30.40 billion, a P/E ratio of 41.78 and a beta of 0.76. The firm’s 50 day moving average is $204.12 and its 200-day moving average is $185.47.
Illumina (NASDAQ:ILMN) last announced its quarterly earnings data on Tuesday, August 1st. The life sciences company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. The business had revenue of $662.00 million for 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%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, equities research analysts anticipate that Illumina, Inc. will post $3.65 earnings per share for the current fiscal year.
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ILMN has been the subject of a number of recent research reports. Vetr downgraded Illumina from a “strong-buy” rating to a “buy” rating and set a $197.84 price objective for the company. in a report on Wednesday, June 21st. Zacks Investment Research upgraded Illumina from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Thursday, July 27th. Canaccord Genuity upgraded Illumina from a “hold” rating to a “buy” rating and increased their price objective for the company from $170.00 to $215.00 in a report on Monday, August 7th. Argus increased their price objective on Illumina from $205.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, First Analysis upgraded Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 price objective for the company in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Illumina currently has an average rating of “Hold” and a consensus price target of $187.85.
A number of institutional investors and hedge funds have recently made changes to their positions in ILMN. Municipal Employees Retirement System of Michigan grew its holdings in Illumina by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,740 shares of the life sciences company’s stock worth $809,000 after purchasing an additional 70 shares during the period. Teachers Advisors LLC grew its holdings in Illumina by 60.7% in the first quarter. Teachers Advisors LLC now owns 384,300 shares of the life sciences company’s stock worth $65,577,000 after purchasing an additional 145,231 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Illumina in the first quarter worth about $2,404,000. Cleararc Capital Inc. grew its holdings in Illumina by 1.3% in the first quarter. Cleararc Capital Inc. now owns 3,326 shares of the life sciences company’s stock worth $568,000 after purchasing an additional 44 shares during the period. Finally, Global X Management Co. LLC grew its holdings in Illumina by 30.7% in the first quarter. Global X Management Co. LLC now owns 1,281 shares of the life sciences company’s stock worth $219,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 93.32% of the company’s stock.
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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