Illumina - ILMN Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ILMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ILMN, but not buy additional shares or sell existing shares.
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16 brokerages have issued twelve-month target prices for Illumina's stock. Their ILMN share price forecasts range from $150.00 to $350.00. On average, they predict the company's share price to reach $249.40 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Illumina's stock was trading at $202.20 at the beginning of the year. Since then, ILMN stock has increased by 7.7% and is now trading at $217.82.
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Illumina saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,910,000 shares, an increase of 13.1% from the February 28th total of 4,340,000 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is presently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Illumina, Inc. (NASDAQ:ILMN) released its quarterly earnings results on Tuesday, February, 7th. The life sciences company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.11. The life sciences company earned $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. Illumina had a negative net margin of 96.12% and a positive trailing twelve-month return on equity of 3.79%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share.
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ETFs with the largest weight of Illumina (NASDAQ:ILMN) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), VanEck Biotech ETF (BBH), First Trust NYSE Arca Biotechnology Index Fund (FBT), Global X Genomics & Biotechnology ETF (GNOM), Global X Telemedicine & Digital Health ETF (EDOC), iShares Biotechnology ETF (IBB), Invesco Nasdaq Biotechnology ETF (IBBQ) and ProShares Ultra Nasdaq Biotechnology (BIB).

Illumina issued an update on its FY23 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $1.25-1.50 for the period, compared to the consensus earnings per share estimate of $1.38. The company issued revenue guidance of +7-10% yr/yr to $4.9-5.04 billion, compared to the consensus revenue estimate of $4.97 billion.

496 employees have rated Illumina Chief Executive Officer Francis deSouza on Glassdoor.com. Francis deSouza has an approval rating of 92% among the company's employees. This puts Francis deSouza in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Illumina investors own include NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Salesforce (CRM), Adobe (ADBE), Visa (V) and Micron Technology (MU).

Illumina trades on the NASDAQ under the ticker symbol "ILMN."

Illumina's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (10.60%), Edgewood Management LLC (4.12%), Polen Capital Management LLC (3.21%), Alliancebernstein L.P. (2.46%), Geode Capital Management LLC (1.83%) and Price T Rowe Associates Inc. MD (1.34%). Insiders that own company stock include Aimee L Hoyt, Alexander Aravanis, Charles Dadswell, Frances Arnold, Francis A Desouza, Francis A Desouza, Jay T Flatley, Karen K Mcginnis, Mostafa Ronaghi, Oene Mark Van, Phillip G Febbo, Robert P Ragusa, Sam Samad, Susan H Tousi and Susan H Tousi.
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Shares of ILMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ILMN stock can currently be purchased for approximately $217.82.

Illumina (NASDAQ:ILMN) has a market capitalization of $34.42 billion and generates $4.58 billion in revenue each year. The life sciences company earns $-4,404,000,000.00 in net income (profit) each year or ($28.00) on an earnings per share basis.

The company employs 10,260 workers across the globe.

Illumina's mailing address is 200 ILLUMINA WAY, SAN DIEGO CA, 92122. The official website for the company is www.illumina.com. The life sciences company can be reached via phone at (858) 202-4500, via email at ir@illumina.com, or via fax at 858-202-4766.