CEO of Illumina Inc (NASDAQ:ILMN) Jay Flatley sold 30,000 shares on July 24 at an average price of $175.43. The total transaction amount was $5,262,900.
Illumina was incorporated in California in April 1998 and reincorporated in Delaware in July 2000. Illumina has a market cap of $21.79 billion; its shares were traded at around $169.72 with a P/E ratio of 117.50 and P/S ratio of 16.40. Illumina Inc had an annual average earnings growth of 15.20% over the past 5 years.
Jay Flatley is the CEO of Illumina Inc. He has served in the Chief Executive Officer position since October 1999. Prior to Illumina, Flatley co-founded Molecular Dynamics, and he also served as President, CEO, and a director of the company. He has also held positions in Plexus Computers.
Illumina reported their 2014 second quarter financial results. The company announced revenues of $448 million and net income of $47 million.
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GuruFocus Gurus Andreas Halvorsen (Trades, Portfolio), George Soros (Trades, Portfolio), and PRIMECAP Management (Trades, Portfolio) all increased their positions in Illumina Inc. Halvorsen owns 8,866,245 shares, Soros owns 50,102 shares, and PRIMECAP owns 2,262,270 shares. Jean-Marie Eveillard (Trades, Portfolio) and Vanguard Health Care Fund (Trades, Portfolio) both kept their positions unchanged and Chris Shumway (Trades, Portfolio), Ron Baron (Trades, Portfolio), and Mario Gabelli (Trades, Portfolio) all reduced their positions.
CEO Jay Flatley sold 150,000 shares of ILMN stock from May to July. Senior VP & CFO Marc Stapley sold 7,110 shares of ILMN stock from March to July. Director Daniel Bradbury, Senior VP, Corp Development Nicholas Naclerio¸ Senior VP & Chief Commercial Officer Christian O Henry, and Senior VP & CTO Mostafa Ronaghi sold 36,200 shares of ILMN stock in July.