Illumina, Inc. (ILMN) Upgraded to Hold by BidaskClub
BidaskClub upgraded shares of Illumina, Inc. (NASDAQ:ILMN) from a sell rating to a hold rating in a research report released on Monday.
Several other brokerages have also recently issued reports on ILMN. Deutsche Bank AG set a $175.00 target price on Illumina and gave the company a hold rating in a report on Friday, July 28th. Vetr cut Illumina from a strong-buy rating to a buy rating and set a $193.40 target price for the company. in a report on Tuesday, April 11th. Morgan Stanley restated an underweight rating and issued a $122.00 target price (up from $115.00) on shares of Illumina in a report on Monday, July 10th. Bank of America Corporation upped their target price on Illumina from $175.00 to $195.00 and gave the company a buy rating in a report on Tuesday, April 11th. Finally, Barclays PLC restated a hold rating and issued a $150.00 target price on shares of Illumina in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $176.63.
Illumina (ILMN) traded down 0.4264% on Monday, reaching $198.7289. 134,838 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $174.66 and a 200-day moving average price of $171.89. Illumina has a 52 week low of $119.37 and a 52 week high of $199.86. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 39.8734 and a beta of 0.83.
Illumina (NASDAQ:ILMN) last issued its earnings results on Tuesday, August 1st. The life sciences company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 19.69% and a net margin of 30.27%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, analysts predict that Illumina will post $3.65 earnings per share for the current year.
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In related news, SVP Charles Dadswell sold 1,609 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was 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 in the company, valued at approximately $1,780,289. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay T. Flatley sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 539,176 shares of the company’s stock, valued at $97,181,082.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,639 shares of company stock valued at $24,037,438. Company insiders own 1.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Advocacy Wealth Management Services LLC purchased a new position in shares of Illumina during the first quarter worth approximately $102,000. Gemmer Asset Management LLC boosted its position in shares of Illumina by 5.7% in the first quarter. Gemmer Asset Management LLC now owns 686 shares of the life sciences company’s stock worth $117,000 after buying an additional 37 shares during the period. Advisory Services Network LLC purchased a new position in shares of Illumina during the first quarter worth approximately $117,000. Penserra Capital Management LLC boosted its position in shares of Illumina by 13.0% in the second quarter. Penserra Capital Management LLC now owns 884 shares of the life sciences company’s stock worth $153,000 after buying an additional 102 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Illumina by 5.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the life sciences company’s stock worth $165,000 after buying an additional 50 shares during the period. Institutional investors own 93.81% of the company’s stock.
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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