Insider Selling: Illumina, Inc. (ILMN) Director Sells 3,320 Shares of Stock

Illumina, Inc. (NASDAQ:ILMN) Director Jay T. Flatley sold 3,320 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $180.55, for a total value of $599,426.00. Following the completion of the sale, the director now directly owns 519,176 shares of the company’s stock, valued at $93,737,226.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Illumina, Inc. (NASDAQ:ILMN) traded up 0.72% during midday trading on Tuesday, hitting $177.87. The stock had a trading volume of 368,034 shares. Illumina, Inc. has a one year low of $119.37 and a one year high of $189.48. The company has a market cap of $25.97 billion, a P/E ratio of 36.00 and a beta of 0.76. The stock has a 50 day moving average of $178.79 and a 200-day moving average of $163.12.

Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, April 25th. The life sciences company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Illumina had a return on equity of 21.21% and a net margin of 30.75%. The business had revenue of $598 million for the quarter, compared to the consensus estimate of $590.51 million. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts forecast that Illumina, Inc. will post $3.63 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Illumina (NASDAQ:ILMN)

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A number of analysts have issued reports on ILMN shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $187.00 target price (up from $170.00) on shares of Illumina in a research note on Friday, April 14th. Zacks Investment Research upgraded Illumina from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a report on Tuesday, April 4th. Vetr upgraded Illumina from a “buy” rating to a “strong-buy” rating and set a $187.82 price target for the company in a report on Monday, March 20th. Cantor Fitzgerald increased their price target on Illumina from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Finally, Leerink Swann reiterated a “buy” rating on shares of Illumina in a report on Wednesday, April 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $165.02.

A number of large investors have recently added to or reduced their stakes in ILMN. Perigon Wealth Management LLC increased its stake in Illumina by 3.9% in the first quarter. Perigon Wealth Management LLC now owns 8,746 shares of the life sciences company’s stock worth $1,492,000 after buying an additional 328 shares during the period. Patten Group Inc. increased its stake in 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. Piedmont Investment Advisors LLC increased its stake in Illumina by 787.9% in the first quarter. Piedmont Investment Advisors LLC now owns 3,667 shares of the life sciences company’s stock worth $626,000 after buying an additional 3,254 shares during the period. Achmea Investment Management B.V. bought a new stake in Illumina during the first quarter worth $700,000. Finally, Bank of Nova Scotia increased its stake in Illumina by 265.4% in the first quarter. Bank of Nova Scotia now owns 86,202 shares of the life sciences company’s stock worth $14,710,000 after buying an additional 62,612 shares during the last quarter. 96.85% of the stock is currently owned by institutional investors and hedge funds.

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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