BidaskClub upgraded shares of Illumina (NASDAQ:ILMN) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
A number of other analysts have also recently issued reports on ILMN. Evercore ISI assumed coverage on shares of Illumina in a research note on Wednesday, January 3rd. They issued an outperform rating and a $250.00 target price for the company. BTIG Research assumed coverage on shares of Illumina in a research note on Friday. They issued a neutral rating for the company. Goldman Sachs Group reiterated a neutral rating and issued a $200.00 target price on shares of Illumina in a research note on Tuesday, September 26th. Piper Jaffray Companies lifted their target price on shares of Illumina to $274.00 and gave the company an overweight rating in a research note on Thursday. Finally, Canaccord Genuity reiterated a buy rating and issued a $230.00 target price (up from $215.00) on shares of Illumina in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $211.88.
Illumina (ILMN) traded down $1.11 during midday trading on Friday, reaching $227.06. 1,000,000 shares of the company’s stock were exchanged, compared to its average volume of 842,922. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.22 and a quick ratio of 3.73. The firm has a market capitalization of $33,150.00, a PE ratio of 42.84, a PEG ratio of 3.13 and a beta of 0.79. Illumina has a 1 year low of $137.40 and a 1 year high of $233.54.
In related news, Director Robert S. Epstein sold 1,250 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $217.38, for a total transaction of $271,725.00. Following the transaction, the director now owns 8,838 shares of the company’s stock, valued at $1,921,204.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay T. Flatley sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $203.27, for a total transaction of $4,065,400.00. The disclosure for this sale can be found here. Insiders have sold 158,921 shares of company stock worth $33,810,181 in the last ninety days. 0.89% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in ILMN. Winslow Capital Management LLC bought a new stake in Illumina in the 2nd quarter valued at $211,584,000. Fred Alger Management Inc. increased its holdings in Illumina by 611.9% in the 2nd quarter. Fred Alger Management Inc. now owns 637,597 shares of the life sciences company’s stock valued at $110,636,000 after buying an additional 548,030 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Illumina by 55.6% in the 2nd 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 buying an additional 527,548 shares during the period. Capital World Investors increased its holdings in Illumina by 23.8% in the 2nd quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock valued at $370,465,000 after buying an additional 410,000 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Illumina by 1,556.2% in the 2nd quarter. Janus Henderson Group PLC now owns 330,010 shares of the life sciences company’s stock valued at $57,263,000 after buying an additional 310,084 shares during the period. 91.60% of the stock is currently 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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