Illumina’s (ILMN) “Hold” Rating Reaffirmed at BTIG Research
ILMN has been the topic of a number of other research reports. Barclays upped their price target on shares of Illumina from $150.00 to $185.00 and gave the stock an equal weight rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Illumina from a hold rating to a buy rating and set a $229.00 price target on the stock in a research note on Friday, October 27th. Canaccord Genuity reiterated a buy rating and issued a $230.00 price target (up previously from $215.00) on shares of Illumina in a research note on Thursday, October 12th. Piper Jaffray Companies reiterated an overweight rating and issued a $226.00 price target (up previously from $202.00) on shares of Illumina in a research note on Monday, October 9th. Finally, Janney Montgomery Scott upgraded shares of Illumina from a sell rating to a neutral rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $220.13.
Illumina (NASDAQ ILMN) opened at $243.55 on Tuesday. The stock has a market cap of $35,560.00, a PE ratio of 45.95, a P/E/G ratio of 3.25 and a beta of 0.79. Illumina has a one year low of $156.50 and a one year high of $248.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.22 and a quick ratio of 3.73.
In other news, Director Jay T. Flatley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $210.43, for a total value of $4,208,600.00. Following the transaction, the director now owns 539,176 shares in the company, valued at approximately $113,458,805.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay T. Flatley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $243.72, for a total transaction of $3,655,800.00. Following the completion of the transaction, the director now owns 449,201 shares in the company, valued at approximately $109,479,267.72. The disclosure for this sale can be found here. Insiders have sold a total of 154,671 shares of company stock worth $33,626,228 in the last 90 days. Company insiders own 0.89% of the company’s stock.
Large investors have recently modified their holdings of the company. Dupont Capital Management Corp bought a new position in shares of Illumina in the 3rd quarter worth approximately $153,000. Advisory Services Network LLC lifted its stake in shares of Illumina by 13.0% in the 2nd quarter. Advisory Services Network LLC now owns 772 shares of the life sciences company’s stock worth $134,000 after purchasing an additional 89 shares during the period. West Coast Financial LLC bought a new position in shares of Illumina in the 3rd quarter worth approximately $216,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Illumina in the 2nd quarter worth approximately $226,000. Finally, Colony Group LLC bought a new position in shares of Illumina in the 2nd quarter worth approximately $239,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.
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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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