Illumina, Inc. (ILMN) Stock Rating Reaffirmed by Canaccord Genuity
Canaccord Genuity restated their hold rating on shares of Illumina, Inc. (NASDAQ:ILMN) in a research note issued to investors on Wednesday. They currently have a $170.00 price target on the life sciences company’s stock.
A number of other analysts also recently issued reports on the company. BidaskClub downgraded Illumina from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Barclays PLC restated a hold rating and issued a $150.00 price target on shares of Illumina in a research report on Wednesday, July 19th. Morgan Stanley restated an underweight rating and issued a $122.00 price target (up from $115.00) on shares of Illumina in a research report on Monday, July 10th. Finally, Vetr upgraded Illumina from a buy rating to a strong-buy rating and set a $197.84 price target for the company in a research report on Monday, July 3rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $167.02.
Illumina (NASDAQ ILMN) opened at 174.92 on Wednesday. Illumina has a 12 month low of $119.37 and a 12 month high of $189.48. The stock has a market capitalization of $25.54 billion, a P/E ratio of 35.40 and a beta of 0.84. The firm’s 50-day moving average is $174.65 and its 200-day moving average is $171.62.
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In other Illumina news, insider Michel Bouchard sold 5,740 shares of Illumina stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $184.68, for a total value of $1,060,063.20. Following the transaction, the insider now owns 22,255 shares in the company, valued at $4,110,053.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles Dadswell sold 1,609 shares of Illumina stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $187.07, for a total value of $300,995.63. Following the completion of the transaction, the senior vice president now owns 10,936 shares in the company, valued at approximately $2,045,797.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,248 shares of company stock worth $22,281,673. Insiders own 1.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. raised its position in Illumina by 0.4% in the second quarter. First Citizens Bank & Trust Co. now owns 3,088 shares of the life sciences company’s stock valued at $536,000 after buying an additional 12 shares during the period. Patten Group Inc. raised its position in Illumina by 2.7% in the first quarter. Patten Group Inc. now owns 965 shares of the life sciences company’s stock valued at $166,000 after buying an additional 25 shares during the period. Puzo Michael J raised its position in Illumina by 0.4% in the second quarter. Puzo Michael J now owns 5,955 shares of the life sciences company’s stock valued at $1,032,000 after buying an additional 25 shares during the period. Forte Capital LLC ADV raised its position in Illumina by 1.6% in the first quarter. Forte Capital LLC ADV now owns 2,185 shares of the life sciences company’s stock valued at $373,000 after buying an additional 35 shares during the period. Finally, Gemmer Asset Management LLC raised its position in Illumina by 5.7% in the first quarter. Gemmer Asset Management LLC now owns 686 shares of the life sciences company’s stock valued at $117,000 after buying an additional 37 shares during the period. Institutional investors own 93.75% of the company’s stock.
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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