Twin Capital Management Inc. Purchases Shares of 4,075 Illumina, Inc. (ILMN)
Twin Capital Management Inc. purchased a new stake in Illumina, Inc. (NASDAQ:ILMN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,075 shares of the life sciences company’s stock, valued at approximately $812,000.
A number of other large investors also recently made changes to their positions in ILMN. Winslow Capital Management LLC bought a new stake in Illumina in the second quarter valued at $211,584,000. HPM Partners LLC grew its position in Illumina by 29,103.8% in the second quarter. HPM Partners LLC now owns 751,999 shares of the life sciences company’s stock valued at $107,724,000 after acquiring an additional 749,424 shares during the period. Fred Alger Management Inc. grew its position in Illumina by 611.9% in the second 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 during the period. TIAA CREF Investment Management LLC grew its position in Illumina by 55.6% in the second 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 during the period. Finally, Capital World Investors grew its position in Illumina by 23.8% in the second 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 during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Illumina, Inc. (NASDAQ:ILMN) opened at $225.24 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.22 and a quick ratio of 3.73. The company has a market capitalization of $33,584.38, a price-to-earnings ratio of 67.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.79. Illumina, Inc. has a one year low of $119.37 and a one year high of $230.72.
Illumina (NASDAQ:ILMN) last issued its quarterly earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The business had revenue of $714.00 million for the quarter, compared to analyst estimates of $692.77 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. sell-side analysts expect that Illumina, Inc. will post 3.75 EPS for the current year.
In other news, EVP Marc Stapley sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $205.93, for a total transaction of $411,860.00. Following the transaction, the executive vice president now owns 36,179 shares of the company’s stock, valued at $7,450,341.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles Dadswell sold 145 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $205.71, for a total value of $29,827.95. The disclosure for this sale can be found here. Insiders have sold 161,360 shares of company stock worth $33,599,137 in the last ninety days. 0.89% of the stock is currently owned by insiders.
A number of brokerages have weighed in on ILMN. BidaskClub cut Illumina from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Illumina from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. 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. 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. Finally, Janney Montgomery Scott raised Illumina from a “sell” rating to a “neutral” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Illumina presently has an average rating of “Hold” and an average price target of $200.88.
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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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