Illumina (ILMN) Given a $275.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $275.00 target price on Illumina (NASDAQ:ILMN) in a research note published on Tuesday morning. The firm currently has a buy rating on the life sciences company’s stock.

Several other research firms have also recently weighed in on ILMN. BTIG Research assumed coverage on shares of Illumina in a research report on Friday, January 5th. They set a neutral rating on the stock. BidaskClub upgraded shares of Illumina from a hold rating to a buy rating in a research report on Friday, January 5th. William Blair cut shares of Illumina from an outperform rating to a market perform rating in a research report on Friday, January 5th. Evercore ISI assumed coverage on shares of Illumina in a research report on Wednesday, January 3rd. They set an outperform rating and a $250.00 price objective on the stock. Finally, Piper Jaffray Companies lifted their price objective on shares of Illumina to $274.00 and gave the stock an overweight rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $220.13.

Illumina (NASDAQ ILMN) traded up $2.24 during midday trading on Tuesday, reaching $243.55. 894,788 shares of the company’s stock traded hands, compared to its average volume of 877,997. Illumina has a 12-month low of $156.50 and a 12-month high of $248.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.73 and a current ratio of 4.22. The stock has a market cap of $35,890.00, a PE ratio of 45.95, a price-to-earnings-growth ratio of 3.24 and a beta of 0.79.

Illumina (NASDAQ:ILMN) last posted its quarterly earnings data 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. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The firm had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $692.77 million. During the same period in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts expect that Illumina will post 3.77 earnings per share for the current fiscal year.

In related news, Director Jay T. Flatley sold 20,000 shares of Illumina stock in a transaction 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 completion of the sale, the director now owns 539,176 shares of the company’s stock, valued at approximately $113,458,805.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Epstein sold 1,250 shares of Illumina stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.55, for a total transaction of $283,187.50. Following the completion of the sale, the director now directly owns 9,088 shares of the company’s stock, valued at approximately $2,058,886.40. The disclosure for this sale can be found here. Insiders have sold a total of 154,671 shares of company stock valued at $33,626,228 in the last three months. Company insiders own 0.89% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ILMN. Federated Investors Inc. PA lifted its stake in shares of Illumina by 46.2% in the 2nd quarter. Federated Investors Inc. PA now owns 3,704 shares of the life sciences company’s stock valued at $642,000 after purchasing an additional 1,171 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Illumina by 35.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,893 shares of the life sciences company’s stock valued at $849,000 after purchasing an additional 1,286 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Illumina in the 2nd quarter valued at $226,000. Eaton Vance Management lifted its stake in shares of Illumina by 0.5% in the 2nd quarter. Eaton Vance Management now owns 15,927 shares of the life sciences company’s stock valued at $2,764,000 after purchasing an additional 84 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in shares of Illumina by 20.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,313 shares of the life sciences company’s stock valued at $401,000 after purchasing an additional 397 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

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About Illumina

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.

Analyst Recommendations for Illumina (NASDAQ:ILMN)

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