Illumina, Inc. (NASDAQ:ILMN) EVP Omead Ostadan sold 3,540 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.91, for a total value of $803,261.40. Following the completion of the transaction, the executive vice president now directly owns 26,827 shares in the company, valued at approximately $6,087,314.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Illumina, Inc. (ILMN) traded down $2.39 on Wednesday, hitting $211.06. 1,050,000 shares of the stock traded hands, compared to its average volume of 958,333. Illumina, Inc. has a twelve month low of $119.37 and a twelve month high of $230.72. The firm has a market capitalization of $31,163.70, a P/E ratio of 62.41, a price-to-earnings-growth ratio of 3.53 and a beta of 0.79. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41.
Illumina (NASDAQ:ILMN) last announced its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. The business had revenue of $714.00 million during the quarter, compared to the consensus estimate of $692.77 million. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. sell-side analysts forecast that Illumina, Inc. will post 3.75 earnings per share for the current fiscal year.
Several research firms recently commented on ILMN. BidaskClub lowered Illumina from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays reissued an “equal weight” rating and issued a $150.00 target price on shares of Illumina in a report on Wednesday, August 9th. Vetr raised Illumina from a “hold” rating to a “buy” rating and set a $209.78 target price on the stock in a report on Wednesday, August 9th. Goldman Sachs Group restated a “neutral” rating and issued a $200.00 price objective on shares of Illumina in a research note on Tuesday, September 26th. Finally, Canaccord Genuity restated a “buy” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Illumina in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Illumina currently has an average rating of “Buy” and an average target price of $201.98.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dupont Capital Management Corp purchased a new position in Illumina during the third quarter worth about $153,000. Advisory Services Network LLC raised its holdings in Illumina by 13.0% during the second 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 in the last quarter. Penserra Capital Management LLC raised its holdings in Illumina by 13.0% during the second quarter. Penserra Capital Management LLC now owns 884 shares of the life sciences company’s stock worth $153,000 after purchasing an additional 102 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in Illumina by 5.6% during the second quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the life sciences company’s stock worth $165,000 after purchasing an additional 50 shares in the last quarter. Finally, West Coast Financial LLC purchased a new position in Illumina during the third quarter worth about $216,000. 91.75% of the stock is owned by hedge funds and other institutional investors.
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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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