1.35 is Illumina Inc’s (NASDAQ:ILMN) Institutional Investor Sentiment

July 16, 2018 - By Margaret Guttierez

Illumina, Inc. (NASDAQ:ILMN) Logo

Sentiment for Illumina Inc (NASDAQ:ILMN)

Illumina Inc (NASDAQ:ILMN) institutional sentiment decreased to 1.35 in Q1 2018. Its down -0.04, from 1.39 in 2017Q4. The ratio worsened, as 277 investment managers started new and increased equity positions, while 205 decreased and sold their stakes in Illumina Inc. The investment managers in our partner’s database now have: 129.91 million shares, down from 130.72 million shares in 2017Q4. Also, the number of investment managers holding Illumina Inc in their top 10 equity positions increased from 8 to 10 for an increase of 2. Sold All: 33 Reduced: 172 Increased: 197 New Position: 80.

Illumina, Inc. provides sequencing and array solutions for genetic analysis. The company has market cap of $44.45 billion. The companyÂ’s sequencing by synthesis technology provides researchers with various applications and the ability to sequence mammalian genomes. It has a 78.33 P/E ratio. It also offers arrays for a range of deoxyribonucleic acid and RNA analysis applications, including single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis, as well as allow for the detection of known genetic markers on a single array.

The stock decreased 1.51% or $4.63 during the last trading session, reaching $302.36. About 425,806 shares traded. Illumina, Inc. (NASDAQ:ILMN) has risen 53.21% since July 16, 2017 and is uptrending. It has outperformed by 40.64% the S&P500.

Analysts await Illumina, Inc. (NASDAQ:ILMN) to report earnings on August, 7. They expect $1.11 earnings per share, up 35.37 % or $0.29 from last year’s $0.82 per share. ILMN’s profit will be $163.17M for 68.10 P/E if the $1.11 EPS becomes a reality. After $1.45 actual earnings per share reported by Illumina, Inc. for the previous quarter, Wall Street now forecasts -23.45 % negative EPS growth.

Bender Robert & Associates holds 6.9% of its portfolio in Illumina, Inc. for 52,584 shares. Wellington Shields & Co. Llc owns 80,202 shares or 5.78% of their US portfolio. Moreover, Baillie Gifford & Co has 4.9% invested in the company for 17.67 million shares. The New York-based Edgewood Management Llc has invested 4.86% in the stock. Hitchwood Capital Management Lp, a New York-based fund reported 410,000 shares.

Since January 1, 0001, it had 0 insider purchases, and 30 insider sales for $18.15 million activity.

Illumina, Inc. (NASDAQ:ILMN) Ratings Coverage

Ratings analysis reveals 89% of Illumina’s analysts are positive. Out of 9 Wall Street analysts rating Illumina, 8 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $157 while the high is $330. The stock’s average target of $275.11 is -9.01% below today’s ($302.36) share price. ILMN was included in 22 notes of analysts from January 18, 2018. The firm earned “Buy” rating on Thursday, January 18 by Robert W. Baird. The firm earned “Overweight” rating on Monday, May 7 by Barclays Capital. Citigroup maintained the shares of ILMN in report on Monday, June 25 with “Buy” rating. The firm has “Underweight” rating given on Thursday, May 31 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, April 25 by Piper Jaffray. Robert W. Baird maintained the shares of ILMN in report on Tuesday, January 30 with “Buy” rating. Canaccord Genuity maintained the shares of ILMN in report on Wednesday, January 31 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, January 31. On Tuesday, May 29 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Monday, January 22.

More news for Illumina, Inc. (NASDAQ:ILMN) were recently published by: Fool.com, which released: “Here’s Why Illumina Stock Has Gained 28.3% in 2018 (So Far)” on July 06, 2018. Nasdaq.com‘s article titled: “4 Best Efficient Stocks to Add to Your Portfolio” and published on July 13, 2018 is yet another important article.

Illumina, Inc. (NASDAQ:ILMN) Institutional Positions Chart

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