Jay T. Flatley Sells 20,000 Shares of Illumina, Inc. (ILMN) Stock
Illumina, Inc. (NASDAQ:ILMN) Director Jay T. Flatley sold 20,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $210.59, for a total transaction of $4,211,800.00. Following the completion of the sale, the director now owns 536,717 shares of the company’s stock, valued at approximately $113,027,233.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Illumina, Inc. (ILMN) opened at $209.61 on Friday. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41. Illumina, Inc. has a 1-year low of $119.37 and a 1-year high of $214.50. The company has a market cap of $30,835.20, a PE ratio of 61.75, a price-to-earnings-growth ratio of 3.49 and a beta of 0.74.
Illumina (NASDAQ:ILMN) last posted its quarterly earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $692.77 million. During the same period last year, the company posted $0.97 EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts predict that Illumina, Inc. will post 3.75 earnings per share for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Zeke Capital Advisors LLC boosted its stake in shares of Illumina by 60.2% in the 3rd quarter. Zeke Capital Advisors LLC now owns 2,574 shares of the life sciences company’s stock valued at $513,000 after purchasing an additional 967 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Illumina by 2.3% in the 3rd quarter. Amalgamated Bank now owns 17,564 shares of the life sciences company’s stock valued at $3,499,000 after purchasing an additional 388 shares in the last quarter. Twin Capital Management Inc. acquired a new stake in shares of Illumina in the 3rd quarter valued at approximately $812,000. Cadence Capital Management LLC acquired a new stake in shares of Illumina in the 3rd quarter valued at approximately $799,000. Finally, Axiom International Investors LLC DE boosted its stake in shares of Illumina by 60.9% in the 3rd quarter. Axiom International Investors LLC DE now owns 186,457 shares of the life sciences company’s stock valued at $37,142,000 after purchasing an additional 70,572 shares in the last quarter. Institutional investors own 93.07% of the company’s stock.
Several brokerages have recently weighed in on ILMN. Wells Fargo & Company reissued a “market perform” rating and issued a $205.00 price objective (up from $200.00) on shares of Illumina in a research report on Wednesday, October 25th. First Analysis raised shares of Illumina from an “underweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Illumina from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and issued a $150.00 price objective on shares of Illumina in a research report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $170.00 price objective on shares of Illumina in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $200.88.
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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