Positive Press Coverage Somewhat Likely to Impact Illumina (ILMN) Share Price

Media headlines about Illumina (NASDAQ:ILMN) have been trending positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Illumina earned a media sentiment score of 2.67 on their scale. InfoTrie also gave media coverage about the life sciences company an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Illumina’s ranking:

Shares of NASDAQ:ILMN traded down $10.30 on Friday, reaching $329.25. The company’s stock had a trading volume of 1,192,300 shares, compared to its average volume of 931,320. Illumina has a 52-week low of $203.83 and a 52-week high of $372.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 2.46. The stock has a market capitalization of $47.44 billion, a price-to-earnings ratio of 82.31, a PEG ratio of 2.40 and a beta of 1.07.

Illumina (NASDAQ:ILMN) last announced its earnings results on Tuesday, October 23rd. The life sciences company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.26. Illumina had a net margin of 21.09% and a return on equity of 27.10%. The business had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $825.65 million. During the same period in the prior year, the company earned $1.11 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that Illumina will post 5.75 EPS for the current fiscal year.

Several equities analysts have issued reports on ILMN shares. Morgan Stanley upped their price objective on shares of Illumina from $195.00 to $210.00 and gave the company an “underweight” rating in a research note on Friday, July 13th. Piper Jaffray Companies upped their price objective on shares of Illumina from $272.00 to $329.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Canaccord Genuity restated a “buy” rating and issued a $340.00 price objective (up previously from $330.00) on shares of Illumina in a research note on Friday, July 27th. Barclays upped their price objective on shares of Illumina from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Finally, Citigroup upped their price objective on shares of Illumina from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $330.94.

In other news, SVP Oene Mark Van sold 1,091 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $354.18, for a total value of $386,410.38. Following the completion of the sale, the senior vice president now directly owns 11,126 shares of the company’s stock, valued at $3,940,606.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc Stapley sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $336.68, for a total transaction of $336,680.00. Following the completion of the sale, the executive vice president now directly owns 7,757 shares of the company’s stock, valued at $2,611,626.76. The disclosure for this sale can be found here. Insiders sold 53,464 shares of company stock valued at $17,883,331 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

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About Illumina

Illumina, Inc provides sequencing and array-based solutions for genetic analysis. The company operates in two segments, Core Illumina and Consolidated VIEs. It offers sequencing by synthesis technology that provides researchers with various applications and the ability to sequence mammalian genomes; and 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 the detection of known genetic markers on a single array.

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