Illumina - ILMN Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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12 equities research analysts have issued 1-year price objectives for Illumina's stock. Their ILMN share price forecasts range from $175.00 to $350.00. On average, they anticipate the company's share price to reach $254.38 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
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Illumina's stock was trading at $380.44 on January 1st, 2022. Since then, ILMN shares have decreased by 42.4% and is now trading at $218.99.
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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) released its quarterly earnings results on Thursday, November, 4th. The life sciences company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.21. The life sciences company earned $1.11 billion during the quarter, compared to analysts' expectations of $1.04 billion. Illumina had a negative net margin of 88.40% and a positive trailing twelve-month return on equity of 4.36%. The business's revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share.
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Illumina issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $2.35-$2.50 for the period, compared to the consensus 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 many different 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 $218.99.

Illumina (NASDAQ:ILMN) has a market capitalization of $34.45 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.