Illumina (ILMN) Stock Price Down 5.3% After Insider Selling

Illumina, Inc. (NASDAQ:ILMN) was down 5.3% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $209.48 and last traded at $209.54. Approximately 1,292,868 shares changed hands during trading, an increase of 18% from the average daily volume of 1,092,243 shares. The stock had previously closed at $221.20.

Specifically, SVP Oene Mark Van sold 1,250 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $207.76, for a total value of $259,700.00. Following the transaction, the senior vice president now directly owns 11,691 shares of the company’s stock, valued at approximately $2,428,922.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Omead Ostadan sold 3,540 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.91, for a total transaction of $803,261.40. Following the completion of the transaction, the executive vice president now directly owns 26,827 shares in the company, valued at $6,087,314.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,922 shares of company stock worth $26,245,549. 0.89% of the stock is owned by insiders.

Several research analysts have weighed in on ILMN shares. Deutsche Bank raised shares of Illumina from a “hold” rating to a “buy” rating and lowered their price target for the company from $195.00 to $160.00 in a report on Monday, October 23rd. Janney Montgomery Scott raised shares of Illumina from a “sell” rating to a “neutral” rating in a report on Monday, October 23rd. Robert W. Baird raised shares of Illumina from a “neutral” rating to an “outperform” rating and increased their price target for the company from $184.00 to $228.00 in a report on Wednesday, October 25th. Wells Fargo & Co reissued a “market perform” rating and issued a $205.00 price target (up from $200.00) on shares of Illumina in a report on Wednesday, October 25th. Finally, Bank of America increased their price target on shares of Illumina from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $241.39.

The company has a quick ratio of 3.55, a current ratio of 3.99 and a debt-to-equity ratio of 0.42. The stock has a market cap of $32,870.00, a PE ratio of 44.05, a PEG ratio of 2.77 and a beta of 0.92.

Illumina (NASDAQ:ILMN) last posted its quarterly earnings results on Tuesday, January 30th. The life sciences company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. The business had revenue of $778.00 million for the quarter, compared to analyst estimates of $752.04 million. Illumina had a net margin of 26.56% and a return on equity of 21.52%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. equities research analysts expect that Illumina, Inc. will post 4.59 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Illumina by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 266,817 shares of the life sciences company’s stock valued at $46,304,000 after buying an additional 1,892 shares in the last quarter. Numeric Investors LLC bought a new position in Illumina during the second quarter worth $347,000. Employees Retirement System of Texas raised its stake in Illumina by 40.0% during the second quarter. Employees Retirement System of Texas now owns 7,000 shares of the life sciences company’s stock worth $1,215,000 after buying an additional 2,000 shares during the last quarter. AHL Partners LLP acquired a new stake in Illumina in the second quarter worth $2,041,000. Finally, Janus Henderson Group PLC grew its holdings in Illumina by 1,556.2% in the second quarter. Janus Henderson Group PLC now owns 330,010 shares of the life sciences company’s stock worth $57,263,000 after purchasing an additional 310,084 shares during the period. Hedge funds and other institutional investors own 92.09% of the company’s stock.

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About Illumina

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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