Illumina, Inc. (NASDAQ:ILMN) has been given a consensus rating of “Hold” by the twenty-four research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $174.59.
A number of research firms have recently weighed in on ILMN. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Thursday, July 27th. BidaskClub raised Illumina from a “sell” rating to a “hold” rating in a research note on Monday. Cowen and Company reaffirmed an “outperform” rating and set a $200.00 price target on shares of Illumina in a research note on Wednesday, August 2nd. First Analysis raised Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 price target for the company in a research note on Wednesday, August 2nd. Finally, Vetr downgraded Illumina from a “strong-buy” rating to a “hold” rating and set a $202.18 price objective on the stock. in a research note on Wednesday, August 2nd.
In other news, SVP Charles Dadswell sold 145 shares of Illumina stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $184.75, for a total transaction of $26,788.75. Following the sale, the senior vice president now owns 10,791 shares of the company’s stock, valued at approximately $1,993,637.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michel Bouchard sold 246 shares of Illumina stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $178.91, for a total value of $44,011.86. Following the sale, the insider now directly owns 19,139 shares in the company, valued at approximately $3,424,158.49. The disclosure for this sale can be found here. Insiders have sold a total of 134,639 shares of company stock worth $24,037,438 in the last three months. 1.60% of the stock is owned by insiders.
Illumina (ILMN) traded down 0.42% on Friday, hitting $198.74. 333,018 shares of the stock were exchanged. The company’s 50-day moving average is $174.66 and its 200-day moving average is $171.89. The company has a market cap of $29.02 billion, a PE ratio of 39.88 and a beta of 0.83. Illumina has a 52 week low of $119.37 and a 52 week high of $199.86.
Illumina (NASDAQ:ILMN) last posted its quarterly earnings results 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. Illumina had a return on equity of 19.69% and a net margin of 30.27%. The company had revenue of $662 million during the quarter, compared to the consensus estimate of $642.38 million. During the same period last year, the business earned $0.86 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Illumina will post $3.65 earnings per share for the current year.
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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