Illumina, Inc. (ILMN) SVP Charles Dadswell Sells 566 Shares
Illumina, Inc. (NASDAQ:ILMN) SVP Charles Dadswell sold 566 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $343.57, for a total value of $194,460.62. Following the sale, the senior vice president now owns 5,606 shares of the company’s stock, valued at approximately $1,926,053.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
ILMN opened at $334.21 on Thursday. The firm has a market capitalization of $49.13 billion, a PE ratio of 83.55, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. Illumina, Inc. has a 12-month low of $207.51 and a 12-month high of $372.61. The company has a quick ratio of 2.24, a current ratio of 2.46 and a debt-to-equity ratio of 0.24.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, October 23rd. The life sciences company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.26. The company had revenue of $853.00 million during the quarter, compared to analyst estimates of $825.65 million. Illumina had a return on equity of 27.10% and a net margin of 21.09%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. Sell-side analysts anticipate that Illumina, Inc. will post 5.75 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Illumina from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Barclays increased their price objective on Illumina from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 24th. BidaskClub downgraded Illumina from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Deutsche Bank increased their price objective on Illumina to $350.00 and gave the company a “buy” rating in a research report on Friday, October 12th. Finally, ValuEngine downgraded Illumina from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $330.94.
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Illumina, Inc provides sequencing and array-based solutions for genetic analysis. The company operates in two segments, Core Illumina and Consolidated VIEs. It offers sequencing by synthesis technology that provides researchers with various applications and the ability to sequence mammalian genomes; and arrays for a range of deoxyribonucleic acid and RNA analysis applications, including single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis, as well as allow the detection of known genetic markers on a single array.
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