IFM Investors Pty Ltd Takes Position in Illumina, Inc. (ILMN)
IFM Investors Pty Ltd acquired a new position in shares of Illumina, Inc. (NASDAQ:ILMN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,038 shares of the life sciences company’s stock, valued at approximately $804,000.
Other hedge funds have also made changes to their positions in the company. Paradigm Asset Management Co. LLC grew its holdings in Illumina by 5.6% during the second quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the life sciences company’s stock worth $165,000 after acquiring an additional 50 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in Illumina by 1.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,126 shares of the life sciences company’s stock worth $528,000 after acquiring an additional 43 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Illumina by 298.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,447 shares of the life sciences company’s stock worth $1,813,000 after purchasing an additional 7,827 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Illumina during the second quarter worth $27,175,000. Finally, Intellectus Partners LLC boosted its position in Illumina by 6.6% during the second quarter. Intellectus Partners LLC now owns 10,783 shares of the life sciences company’s stock worth $1,871,000 after purchasing an additional 664 shares in the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Charles Dadswell sold 145 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $202.23, for a total value of $29,323.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jay T. Flatley sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $203.27, for a total value of $4,065,400.00. The disclosure for this sale can be found here. Insiders sold 136,421 shares of company stock worth $28,489,101 over the last 90 days. Company insiders own 0.89% of the company’s stock.
Shares of Illumina, Inc. (NASDAQ ILMN) opened at $214.55 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.22 and a quick ratio of 3.73. Illumina, Inc. has a 12-month low of $124.82 and a 12-month high of $230.72. The stock has a market capitalization of $31,045.44, a price-to-earnings ratio of 62.17, a PEG ratio of 3.51 and a beta of 0.79.
Illumina (NASDAQ:ILMN) last issued its quarterly earnings data on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The business had revenue of $714.00 million for the quarter, compared to the consensus estimate of $692.77 million. During the same period in the prior year, the business earned $0.97 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. sell-side analysts anticipate that Illumina, Inc. will post 3.75 EPS for the current fiscal year.
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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