Illumina, Inc. (ILMN) Receives $203.39 Consensus Price Target from Analysts
Illumina, Inc. (NASDAQ:ILMN) has been given an average rating of “Hold” by the twenty-five ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $203.39.
A number of analysts recently weighed in on ILMN shares. Deutsche Bank AG set a $175.00 price target on shares of Illumina and gave the company a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. increased their price target on shares of Illumina from $180.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Canaccord Genuity upgraded shares of Illumina from a “hold” rating to a “buy” rating and increased their price target for the company from $170.00 to $215.00 in a research report on Monday, August 7th. Robert W. Baird upgraded shares of Illumina from a “neutral” rating to an “outperform” rating and increased their price target for the company from $184.00 to $228.00 in a research report on Wednesday, October 25th. Finally, Zacks Investment Research upgraded shares of Illumina from a “hold” rating to a “buy” rating and set a $229.00 price target on the stock in a research report on Friday, October 27th.
In related news, SVP Charles Dadswell sold 145 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $205.71, for a total value of $29,827.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Oene Mark Van sold 9,729 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $211.33, for a total transaction of $2,056,029.57. Following the completion of the transaction, the senior vice president now directly owns 24,908 shares of the company’s stock, valued at $5,263,807.64. The disclosure for this sale can be found here. Insiders sold 172,446 shares of company stock valued at $35,486,114 over the last three months. 1.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ILMN. Dimensional Fund Advisors LP boosted its position in Illumina by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 264,925 shares of the life sciences company’s stock worth $45,211,000 after purchasing an additional 9,017 shares during the period. KCG Holdings Inc. bought a new position in Illumina during the first quarter worth $290,000. Tudor Investment Corp ET AL bought a new position in Illumina during the first quarter worth $289,000. NN Investment Partners Holdings N.V. boosted its position in Illumina by 11.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 985 shares of the life sciences company’s stock worth $171,000 after purchasing an additional 100 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Illumina during the second quarter worth $345,000. 92.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Illumina (NASDAQ ILMN) traded up $0.51 during midday trading on Monday, hitting $209.02. 545,558 shares of the stock traded hands, compared to its average volume of 716,627. The company has a market cap of $30,520.00, a price-to-earnings ratio of 60.25, a PEG ratio of 3.40 and a beta of 0.74. 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 has a one year low of $119.37 and a one year high of $214.50.
Illumina (NASDAQ:ILMN) last issued its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. The company had revenue of $714.00 million for the quarter, compared to analyst estimates of $692.77 million. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. equities research analysts expect that Illumina will post 3.75 EPS for the current year.
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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