Illumina, Inc. (NASDAQ:ILMN) was upgraded by research analysts at Janney Montgomery Scott from a “sell” rating to a “neutral” rating in a research note issued on Monday.

Several other brokerages also recently commented on ILMN. Deutsche Bank AG set a $175.00 price target on Illumina and gave the stock a “hold” rating in a research report on Friday, July 28th. Canaccord Genuity raised Illumina from a “hold” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $215.00 in a research report on Monday, August 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $122.00 price target (up from $115.00) on shares of Illumina in a research report on Monday, July 10th. Barclays PLC reaffirmed a “hold” rating and issued a $150.00 price target on shares of Illumina in a research report on Wednesday, July 19th. Finally, Vetr downgraded Illumina from a “strong-buy” rating to a “hold” rating and set a $202.18 price target on the stock. in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $189.71.

Shares of Illumina (NASDAQ ILMN) opened at 209.88 on Monday. The stock’s 50 day moving average is $205.74 and its 200-day moving average is $186.97. Illumina has a 52-week low of $119.37 and a 52-week high of $214.34. The firm has a market cap of $30.64 billion, a P/E ratio of 42.11 and a beta of 0.76.

Illumina (NASDAQ:ILMN) last issued its quarterly 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. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $642.38 million. Illumina had a return on equity of 19.69% and a net margin of 30.27%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Equities analysts anticipate that Illumina will post $3.65 earnings per share for the current fiscal year.

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In other Illumina news, SVP Oene Mark Van sold 9,729 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $211.33, for a total value of $2,056,029.57. Following the transaction, the senior vice president now owns 24,908 shares of the company’s stock, valued at $5,263,807.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mostafa Ronaghi sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $195.00, for a total value of $1,950,000.00. Following the completion of the transaction, the senior vice president now directly owns 76,585 shares in the company, valued at approximately $14,934,075. The disclosure for this sale can be found here. In the last three months, insiders sold 182,766 shares of company stock worth $36,411,334. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ILMN. Winslow Capital Management LLC acquired a new position in Illumina in the second quarter worth $211,584,000. HPM Partners LLC lifted its stake in shares of Illumina by 29,103.8% during the second quarter. HPM Partners LLC now owns 751,999 shares of the life sciences company’s stock valued at $107,724,000 after acquiring an additional 749,424 shares during the period. Fred Alger Management Inc. lifted its stake in shares of Illumina by 611.9% during 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 acquiring an additional 548,030 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Illumina by 55.6% during 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 acquiring an additional 527,548 shares during the period. Finally, Capital World Investors lifted its stake in shares of Illumina by 23.8% during the second quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock valued at $370,465,000 after acquiring an additional 410,000 shares during the period. 93.32% of the stock is currently owned by 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.

Analyst Recommendations for Illumina (NASDAQ:ILMN)

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