Piper Jaffray Companies restated their buy rating on shares of Illumina (NASDAQ:ILMN) in a research note released on Tuesday. They currently have a $269.00 target price on the life sciences company’s stock.
ILMN has been the topic of several other reports. Canaccord Genuity reiterated a buy rating and issued a $230.00 price target (up from $215.00) on shares of Illumina in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Illumina from a buy rating to a hold rating in a research report on Tuesday, October 31st. Goldman Sachs Group reiterated a neutral rating and issued a $200.00 price target on shares of Illumina in a research report on Tuesday, September 26th. Wells Fargo & Co upgraded Illumina from a market perform rating to an outperform rating and set a $205.00 price objective on the stock in a report on Tuesday, January 2nd. Finally, Janney Montgomery Scott upgraded Illumina from a sell rating to a neutral rating in a report on Monday, October 23rd. One research 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. Illumina has a consensus rating of Buy and a consensus target price of $214.38.
Shares of Illumina (NASDAQ ILMN) traded up $4.68 during trading on Tuesday, reaching $244.72. 975,763 shares of the company’s stock traded hands, compared to its average volume of 900,526. The company has a current ratio of 4.22, a quick ratio of 3.73 and a debt-to-equity ratio of 0.41. Illumina has a 12-month low of $156.50 and a 12-month high of $245.96. The company has a market capitalization of $35,730.00, a PE ratio of 46.17, a PEG ratio of 3.13 and a beta of 0.79.
In other Illumina news, Director Jay T. Flatley sold 20,000 shares of Illumina stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $210.43, for a total transaction of $4,208,600.00. Following the transaction, the director now owns 539,176 shares of the company’s stock, valued at approximately $113,458,805.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Omead Ostadan sold 3,540 shares of Illumina stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.91, for a total value of $803,261.40. Following the transaction, the executive vice president now directly owns 26,827 shares in the company, valued at approximately $6,087,314.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,671 shares of company stock worth $29,485,768. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ILMN. Winslow Capital Management LLC purchased a new position in Illumina during the 2nd quarter valued at about $211,584,000. Fred Alger Management Inc. grew its stake in Illumina by 611.9% during the 2nd quarter. Fred Alger Management Inc. now owns 637,597 shares of the life sciences company’s stock valued at $110,636,000 after acquiring an additional 548,030 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Illumina by 55.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,475,669 shares of the life sciences company’s stock valued at $256,058,000 after acquiring an additional 527,548 shares in the last quarter. Capital World Investors grew its stake in Illumina by 23.8% during the 2nd quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock valued at $370,465,000 after acquiring an additional 410,000 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Illumina by 1,556.2% during the 2nd quarter. Janus Henderson Group PLC now owns 330,010 shares of the life sciences company’s stock valued at $57,263,000 after acquiring an additional 310,084 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.
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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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