CIBC World Markets Inc. Purchases New Holdings in Illumina, Inc. (ILMN)
CIBC World Markets Inc. purchased a new stake in Illumina, Inc. (NASDAQ:ILMN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 10,712 shares of the life sciences company’s stock, valued at approximately $2,340,000.
Several other large investors also recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of Illumina by 8.8% in the 4th quarter. Jennison Associates LLC now owns 4,412,621 shares of the life sciences company’s stock valued at $964,114,000 after acquiring an additional 355,200 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Illumina by 3.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,512,167 shares of the life sciences company’s stock valued at $500,416,000 after acquiring an additional 76,452 shares during the period. Legal & General Group Plc increased its holdings in shares of Illumina by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 684,955 shares of the life sciences company’s stock valued at $136,442,000 after acquiring an additional 17,081 shares during the period. American Century Companies Inc. increased its holdings in shares of Illumina by 27.4% in the 3rd quarter. American Century Companies Inc. now owns 605,149 shares of the life sciences company’s stock valued at $120,546,000 after acquiring an additional 130,038 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Illumina by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 541,063 shares of the life sciences company’s stock valued at $118,217,000 after acquiring an additional 32,695 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.
ILMN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a research report on Tuesday, December 5th. Deutsche Bank raised Illumina from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $195.00 to $160.00 in a research report on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Illumina in a research report on Thursday, October 12th. Bank of America raised their price objective on Illumina from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, BidaskClub raised Illumina from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $240.61.
Illumina, Inc. (ILMN) opened at $220.18 on Friday. The firm has a market capitalization of $30,740.00, a PE ratio of 44.66, a price-to-earnings-growth ratio of 3.04 and a beta of 0.92. Illumina, Inc. has a 52 week low of $158.02 and a 52 week high of $248.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.73 and a current ratio of 3.99.
Illumina (NASDAQ:ILMN) last released its quarterly earnings data on Tuesday, January 30th. The life sciences company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. The business had revenue of $778.00 million during the quarter, compared to analyst estimates of $752.04 million. Illumina had a return on equity of 21.52% and a net margin of 26.56%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. equities research analysts expect that Illumina, Inc. will post 4.59 earnings per share for the current fiscal year.
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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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