Wedmont Private Capital Has $352,000 Position in Illumina, Inc. (NASDAQ:ILMN)

Wedmont Private Capital lifted its stake in shares of Illumina, Inc. (NASDAQ:ILMN – Get Rating) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,745 shares of the life sciences company’s stock after acquiring an additional 139 shares during the period. Wedmont Private Capital’s holdings in Illumina were worth $352,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in shares of Illumina by 460.9% during the 1st quarter. Brown Brothers Harriman & Co. now owns 129 shares of the life sciences company’s stock valued at $45,000 after acquiring an additional 106 shares during the period. Private Trust Co. NA bought a new stake in Illumina during the 2nd quarter valued at $25,000. Zions Bancorporation N.A. increased its stake in Illumina by 97.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 164 shares of the life sciences company’s stock valued at $31,000 after purchasing an additional 81 shares in the last quarter. Guardian Wealth Advisors LLC bought a new stake in Illumina during the 3rd quarter valued at $33,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Illumina by 50.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 183 shares of the life sciences company’s stock valued at $35,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 87.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays decreased their price target on shares of Illumina from $160.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, February 8th. Canaccord Genuity Group decreased their price target on shares of Illumina from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of Illumina from $300.00 to $271.00 and set a “neutral” rating for the company in a research note on Wednesday, February 8th. Scotiabank began coverage on shares of Illumina in a research note on Wednesday, January 4th. They issued a “sector perform” rating and a $216.00 target price for the company. Finally, Royal Bank of Canada reduced their target price on shares of Illumina from $303.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Illumina presently has an average rating of “Hold” and an average target price of $249.40.

Insider Buying and Selling

In other Illumina news, SVP Susan H. Tousi sold 500 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $204.58, for a total transaction of $102,290.00. Following the sale, the senior vice president now directly owns 38,662 shares of the company’s stock, valued at $7,909,471.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Illumina news, SVP Susan H. Tousi sold 500 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $204.58, for a total transaction of $102,290.00. Following the sale, the senior vice president now directly owns 38,662 shares of the company’s stock, valued at $7,909,471.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Alexander Aravanis sold 5,398 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $201.74, for a total transaction of $1,088,992.52. Following the sale, the senior vice president now directly owns 2,922 shares in the company, valued at $589,484.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,186 shares of company stock valued at $2,255,837. 0.13% of the stock is owned by insiders.

Illumina Price Performance

Shares of NASDAQ:ILMN opened at $224.55 on Friday. The company’s 50-day moving average is $208.86 and its 200 day moving average is $208.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.28. The company has a market capitalization of $35.48 billion, a P/E ratio of -8.02, a price-to-earnings-growth ratio of 8.32 and a beta of 1.15. Illumina, Inc. has a fifty-two week low of $173.45 and a fifty-two week high of $371.16.

Illumina (NASDAQ:ILMN – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The life sciences company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.11). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Illumina had a positive return on equity of 3.79% and a negative net margin of 96.12%. Illumina’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that Illumina, Inc. will post 1.41 earnings per share for the current year.

Illumina Profile

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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 the Core Illumina segment, which serves customers in the research, clinical and applied markets fields, and enables the adoption of a variety of genomic solutions.