Illumina (ILMN) Rating Reiterated by BTIG Research
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Illumina from a hold rating to a buy rating and set a $229.00 target price for the company in a report on Friday, October 27th. Deutsche Bank raised Illumina from a hold rating to a buy rating and decreased their price target for the company from $195.00 to $160.00 in a research note on Monday, October 23rd. Canaccord Genuity reissued 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. Vetr raised Illumina from a hold rating to a buy rating and set a $217.50 price target for the company in a research note on Tuesday, September 19th. Finally, Bank of America increased their price target on Illumina from $215.00 to $240.00 and gave the company a buy rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $220.13.
Shares of Illumina (ILMN) traded up $2.24 on Tuesday, reaching $243.55. The company’s stock had a trading volume of 894,757 shares, compared to its average volume of 1,098,233. Illumina has a fifty-two week low of $156.50 and a fifty-two week high of $248.97. The company has a current ratio of 4.22, a quick ratio of 3.73 and a debt-to-equity ratio of 0.41. The firm has a market cap of $35,560.00, a PE ratio of 45.95, a PEG ratio of 3.25 and a beta of 0.79.
In related news, Director Jay T. Flatley sold 15,000 shares of the firm’s 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 sale, the director now owns 449,201 shares of the company’s stock, valued at $109,479,267.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marc Stapley sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $205.48, for a total value of $410,960.00. Following the sale, the executive vice president now directly owns 30,370 shares of the company’s stock, valued at approximately $6,240,427.60. The disclosure for this sale can be found here. Insiders have sold 154,671 shares of company stock valued at $33,626,228 in the last ninety days. 0.89% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Dupont Capital Management Corp bought a new position in Illumina in the third quarter worth approximately $153,000. Advisory Services Network LLC boosted its holdings in Illumina by 13.0% in the second quarter. Advisory Services Network LLC now owns 772 shares of the life sciences company’s stock worth $134,000 after acquiring an additional 89 shares in the last quarter. West Coast Financial LLC bought a new position in Illumina in the third quarter worth approximately $216,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Illumina in the second quarter worth approximately $226,000. Finally, Colony Group LLC bought a new position in Illumina in the second quarter worth approximately $239,000. Institutional investors and hedge funds 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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