Illumina (ILMN) PT Raised to $135.00
Illumina (NASDAQ:ILMN) had its price target boosted by equities researchers at Morgan Stanley from $122.00 to $135.00 in a note issued to investors on Thursday. The firm currently has an “underweight” rating on the life sciences company’s stock. Morgan Stanley’s price target indicates a potential downside of 37.66% from the company’s current price.
A number of other research analysts have also weighed in on the company. BidaskClub lowered Illumina from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a report on Tuesday, December 5th. Citigroup boosted their target price on Illumina from $180.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Barclays boosted their target price on Illumina from $150.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 25th. Finally, Bank of America boosted their target price on Illumina from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $202.60.
Illumina (ILMN) opened at $216.55 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.73 and a current ratio of 4.22. The firm has a market capitalization of $30,784.10, a P/E ratio of 61.65, a P/E/G ratio of 3.48 and a beta of 0.79. Illumina has a 1-year low of $126.18 and a 1-year high of $230.72.
In other Illumina news, SVP Charles Dadswell sold 145 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Oene Mark Van sold 1,232 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $207.78, for a total value of $255,984.96. Following the completion of the transaction, the senior vice president now directly owns 11,691 shares of the company’s stock, valued at approximately $2,429,155.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,421 shares of company stock valued at $28,489,101. 0.89% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ILMN. Winslow Capital Management LLC acquired a new position in Illumina in the 2nd quarter worth about $211,584,000. HPM Partners LLC increased its holdings in Illumina by 29,103.8% in the 2nd quarter. HPM Partners LLC now owns 751,999 shares of the life sciences company’s stock worth $107,724,000 after purchasing an additional 749,424 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Illumina by 611.9% in the 2nd quarter. Fred Alger Management Inc. now owns 637,597 shares of the life sciences company’s stock worth $110,636,000 after purchasing an additional 548,030 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Illumina by 55.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,475,669 shares of the life sciences company’s stock worth $256,058,000 after purchasing an additional 527,548 shares in the last quarter. Finally, Capital World Investors increased its holdings in Illumina by 23.8% in the 2nd quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock worth $370,465,000 after purchasing an additional 410,000 shares in the last quarter. 91.75% of the stock is owned by institutional investors and hedge funds.
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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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