Illumina, Inc. (NASDAQ:ILMN) PT Set at $175.00 by Deutsche Bank AG
ILMN has been the topic of a number of other reports. Zacks Investment Research raised shares of Illumina from a hold rating to a buy rating and set a $195.00 price objective on the stock in a report on Thursday, July 27th. Vetr raised shares of Illumina from a buy rating to a strong-buy rating and set a $196.75 price objective on the stock in a report on Monday, April 24th. Canaccord Genuity reissued a hold rating and set a $170.00 price objective on shares of Illumina in a report on Wednesday, July 26th. Barclays PLC reissued a hold rating and set a $150.00 price objective on shares of Illumina in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of Illumina from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $167.02.
Illumina (NASDAQ ILMN) traded down 1.00% during trading on Friday, hitting $172.12. The stock had a trading volume of 243,333 shares. Illumina has a 12 month low of $119.37 and a 12 month high of $189.48. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 34.84 and a beta of 0.84. The firm has a 50 day moving average of $174.64 and a 200-day moving average of $171.82.
In other Illumina news, SVP Charles Dadswell sold 1,609 shares of the company’s 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 $2,045,797.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay T. Flatley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $170.77, for a total transaction of $2,561,550.00. Following the completion of the transaction, the director now owns 534,176 shares of the company’s stock, valued at approximately $91,221,235.52. The disclosure for this sale can be found here. Insiders have sold 125,248 shares of company stock valued at $22,281,673 over the last 90 days. 1.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ILMN. Advocacy Wealth Management Services LLC purchased a new position in shares of Illumina during the first quarter worth $102,000. Gemmer Asset Management LLC increased its position in shares of Illumina by 5.7% in the first quarter. Gemmer Asset Management LLC now owns 686 shares of the life sciences company’s stock worth $117,000 after buying an additional 37 shares during the period. Advisory Services Network LLC purchased a new position in shares of Illumina during the first quarter worth $117,000. Patten Group Inc. increased its position in shares of Illumina by 2.7% in the first quarter. Patten Group Inc. now owns 965 shares of the life sciences company’s stock worth $166,000 after buying an additional 25 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Illumina by 11.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 985 shares of the life sciences company’s stock worth $171,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.
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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