Van ECK Associates Corp Increases Stock Position in Illumina, Inc. (NASDAQ:ILMN)

Van ECK Associates Corp lifted its holdings in Illumina, Inc. (NASDAQ:ILMN) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,691 shares of the life sciences company’s stock after buying an additional 5,935 shares during the period. Van ECK Associates Corp owned about 0.05% of Illumina worth $35,818,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in shares of Illumina in the 2nd quarter worth about $35,000. BDO Wealth Advisors LLC increased its holdings in shares of Illumina by 90.5% in the 1st quarter. BDO Wealth Advisors LLC now owns 80 shares of the life sciences company’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Tsfg LLC increased its holdings in shares of Illumina by 1,580.0% in the 2nd quarter. Tsfg LLC now owns 84 shares of the life sciences company’s stock worth $40,000 after buying an additional 79 shares during the last quarter. Evoke Wealth LLC increased its holdings in shares of Illumina by 165.6% in the 1st quarter. Evoke Wealth LLC now owns 85 shares of the life sciences company’s stock worth $33,000 after buying an additional 53 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new stake in shares of Illumina in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 88.56% of the company’s stock.

A number of analysts have recently weighed in on ILMN shares. Zacks Investment Research upgraded shares of Illumina from a “hold” rating to a “buy” rating and set a $504.00 target price on the stock in a report on Wednesday, June 30th. Robert W. Baird reiterated a “hold” rating on shares of Illumina in a report on Sunday, August 22nd. Barclays upped their price target on shares of Illumina from $355.00 to $365.00 and gave the company an “underweight” rating in a report on Friday, August 6th. SVB Leerink downgraded shares of Illumina from an “outperform” rating to a “market perform” rating and set a $425.00 price target on the stock. in a report on Thursday, August 19th. Finally, Canaccord Genuity upped their price target on shares of Illumina from $515.00 to $555.00 and gave the company a “buy” rating in a report on Monday, August 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $392.06.

In related news, SVP Aimee L. Hoyt sold 500 shares of the stock in a transaction that occurred on Thursday, June 24th. The shares were sold at an average price of $475.00, for a total transaction of $237,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Susan H. Tousi sold 300 shares of the stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $478.95, for a total transaction of $143,685.00. The disclosure for this sale can be found here. Insiders sold a total of 3,881 shares of company stock valued at $1,873,334 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Shares of ILMN opened at $448.85 on Wednesday. The company has a 50 day moving average price of $482.60 and a 200-day moving average price of $438.65. Illumina, Inc. has a fifty-two week low of $260.42 and a fifty-two week high of $555.77. The stock has a market capitalization of $65.85 billion, a PE ratio of 85.99, a PEG ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.64 and a current ratio of 6.08.

Illumina (NASDAQ:ILMN) last announced its quarterly earnings results on Thursday, August 5th. The life sciences company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.51. Illumina had a net margin of 19.36% and a return on equity of 18.12%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Equities research analysts forecast that Illumina, Inc. will post 6.48 EPS for the current year.

Illumina Company Profile

Illumina, Inc engages in the development, manufacturing, and marketing of life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina segment, which serves customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions.

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Institutional Ownership by Quarter for Illumina (NASDAQ:ILMN)

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