Illumina - ILMN Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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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13 Wall Street research analysts have issued 1 year target prices for Illumina's shares. Their ILMN share price forecasts range from $175.00 to $350.00. On average, they predict the company's stock price to reach $256.00 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price.
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Illumina's stock was trading at $380.44 at the start of the year. Since then, ILMN shares have decreased by 45.2% and is now trading at $208.52.
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Illumina saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 4,370,000 shares, a decline of 9.3% from the October 31st total of 4,820,000 shares. Based on an average daily trading volume, of 1,620,000 shares, the short-interest ratio is presently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Illumina, Inc. (NASDAQ:ILMN) announced its earnings results on Thursday, November, 3rd. The life sciences company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The life sciences company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. Illumina had a positive trailing twelve-month return on equity of 4.36% and a negative net margin of 88.40%.

Illumina issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $2.35-$2.50 for the period, compared to the consensus earnings per share estimate of $2.78. The company issued revenue guidance of $4.53 billion-$4.57 billion, compared to the consensus revenue estimate of $4.71 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 institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (12.11%), Vanguard Group Inc. (8.16%), Edgewood Management LLC (4.72%), Polen Capital Management LLC (2.88%), Veritas Asset Management LLP (1.01%) and Alliancebernstein L.P. (1.00%). 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, Omead Ostadan, 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 $208.52.

Illumina (NASDAQ:ILMN) has a market capitalization of $32.80 billion and generates $4.53 billion in revenue each year. The life sciences company earns $762 million in net income (profit) each year or ($26.40) on an earnings per share basis.

The company employs 9,150 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.