On Jan. 05, Tousi Susan H divested U.S. $109,581 in shares of Illumina Inc.. The SVP Product Development sold 300 shares at a price per share of $365.27. The transaction decreased this specific insider’s holdings to 42,947 shares worth around $16.17 million at present.
Another 4,000 shares were sold by Flatley Jay T, for more than $1,461,080 in total proceeds. The Dir dumped the shares at a price of $365.27 and the insider now owns almost 188,933 shares.
That same day, Desouza Francis A sold 3,000 shares. The Pres, CEO divested U.S. $1,111,537 in shares of Illumina Inc. at a price per share of $370.51. The transaction decreased this specific insider’s holdings to 55,540 shares worth around $20913587.0 at present.
Piper Sandler took its Illumina Inc. [ILMN] rating to the equivalent of an Overweight from a Neutral, and the price target to $415 from $340, in a research note dated December 22, 2020. That figure represents around a 9.27% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Piper Sandler’s analysts upgrading the shares from “a Neutral” rating to “an Overweight” rating in a research note to investors issued in late December. Meanwhile, BTIG Research had raised its rating on ILMN to “Buy” from the earlier “Neutral”, in a research note produced for clients December 17, 2020. In addition, there was a downgrade from Guggenheim on October 13, 2020. The rater changed ILMN from “a Buy” to “a Neutral”.
Is Illumina Inc. [NASDAQ:ILMN] a Good Buy Right Now?
It should be noted that ILMN technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Buy. The average signal changed from 40% Buy in the last week and compares with 8% Buy in the past month. Data from Illumina Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.9 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.12 million shares while the medium term average advocated for Hold. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 1.33 million shares.
ILMN Price Performance
On Wall Street, Illumina Inc. [NASDAQ:ILMN] finished Wednesday’s session up 0.44% at $376.55. The stock went up to $380.565 at the same session while its lowest single day price was $365.00. In the last five days, it saw a rise of about 2.85%, Illumina Inc. shares gained by almost 1.77% since the beginning of the year. However, the share price has dropped to as low as -6.84% below its one year high. On 01/06/21, the company shares recorded $380.57, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $361.39. The company’s shares have inclined by 14.21% in the past year. The 50-day SMA achieved is $331.13 while the 200-day SMA is $335.98. Volume gained to 1.0 million from 0.82 million in the previous session.
Illumina Inc. [ILMN] Valuation Measures
Notably, Illumina Inc. [ILMN] stock cannot be classified as a good candidate in the listing of underestimated low-priced Diagnostics & Research companies to purchase soonest possible with the prevailing 12-month PE ratio of 87.57. The measure means the stock is exchanging at a premium as compared to the 38.19x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 16.71 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 7.02 which means ILMN serve an unattractive investment opportunity compared to its competitors.
ILMN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 367.51 level, and in case of violation of this particular level, it will cause more drop to 358.47 level. On the upper level, 389.60 is still the key resistance. The stock may increase to the subsequent resistance at 383.08. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.32, implying a overbought technical stance while the MACD stands at 6.34, meaning price will increase in the next trading period. Percent R indicator moved to 13.15%, implying bullish price movement. Stochastic %K at 81.67% suggest selling the stock.
What is the short interest in Illumina Inc.?
Short interest in the Illumina Inc. stock has plunged, decreasing by -0.8 million shares to total 5.22 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.42 million, data from Yahoo Finance shows. The increase of 15.33% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.09% of the overall float for the stock.
Illumina Inc.’s Biggest Shareholders: Who Owns Illumina Inc. [ILMN]?
Filings by Baillie Gifford & Co. showed that the firm now holds a total of 17,725,580 shares or roughly 12.14% of the outstanding ILMN shares. This means their shares have increased by 615,465 from the 17,725,580 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $3,479,340,507. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.94% stake valued at $2,615,895,163 while Edgewood Management LLC added theirs at $2,303,850,505. During the last quarter, BlackRock Fund Advisors liquidated -77,020 of its shares in Illumina Inc. while Edgewood Management LLC bought 1,718,292 shares. The SSgA Funds Management, Inc.’s holdings currently number 6,106,994 shares at $2299588590.7. According to the firm’s last 13F report, Loomis, Sayles & Co. LP shares in the company at filing stood at 3,502,627 shares, roughly $1,128,161,130.
ILMN Earnings Forecast For The Current Quarter
Illumina Inc. [ILMN] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $876.02M and an earnings per share of $1.05 for Dec 2020. Looking further ahead, the company is expected to report revenue of $902.31M at an EPS of $1.44 for Mar 2021. The estimates represent downside of 24.50% and 51.56% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ILMN Earnings Estimates For The Current Year
For the financial year, Illumina Inc. [NASDAQ:ILMN] is expected to bring in revenue of $3.17B. The returns are nearly $-370.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.34, lower than that of FY19 by -$2.23. Estimates put this year’s earnings growth at -33.90%, 52.30% for the next, and at an annual 6.30% over the next 5-year period. As for sales, forecasts are for a decrease of -10.60% in the current fiscal year and a further 24.50% over the following year.
What are analyst thoughts on Illumina Inc.?
Looking forward to the Illumina Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Illumina Inc. stock at $297.50 within the next 12 months, which represents almost -26.57 per cent growth from its previous closing price of $376.55. The highest analysts’ target for Illumina Inc. stock projections is $415.00 and the lowest one is $250.00. Still, 19 analysts sharing their consensus rating for ILMN stock in 2021 agree that it is a Hold.