Geode Capital Management and
Teachers Retirement System of The State of Kentucky have bought
Illumina, Inc.(NASDAQ:ILMN)'s shares, increasing their investment stakes. However, institutions like the
National Bank of Canada FI and
Public Employees Retirement System of Ohio have reduced their holdings.
Nomura Asset Management Co. Ltd.,
Stifel Financial Corp, and
Cerity Partners LLC have also significantly bolstered their respective positions.
Despite the constraints on spending in the pharmaceutical industry pressuring Illumina's shares, they have made substantial advances including the acquisition of
Fluent BioSciences. Their impressive Q3 financial results topped estimates indicating good momentum and they've also launched new products, expanding their
TruSight Oncology portfolio and introduced the
MiSeq i100 Series, Illumina's simplest, fastest benchtop sequencers.
Illumina's stocks have demonstrated strong long-term investment potential, particularly related to genetic testing and robotization. However, challenges persist, such as downgrades from Citigroup and macro headwinds from China, adding to the cautious outlook for the stock.
Illumina ILMN News Analytics from Wed, 29 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 10:14:30 GMT -
Rating 5
- Innovation 6
- Information 4
- Rumor -1
