Luminex Co. (NASDAQ:LMNX)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $22.56 and last traded at $22.43, with a volume of 84913 shares trading hands. The stock had previously closed at $22.18.
A number of equities analysts recently issued reports on LMNX shares. BidaskClub downgraded Luminex from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 24th. BTIG Research started coverage on Luminex in a report on Friday, January 5th. They issued a “buy” rating and a $24.00 price target for the company. ValuEngine raised Luminex from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, William Blair reaffirmed a “market perform” rating on shares of Luminex in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.33.
The firm has a market cap of $997.03, a price-to-earnings ratio of 27.04, a P/E/G ratio of 2.11 and a beta of 0.11.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 23rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 22nd. Luminex’s payout ratio is currently 26.37%.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Luminex by 0.6% in the fourth quarter. BlackRock Inc. now owns 6,117,732 shares of the medical instruments supplier’s stock valued at $120,518,000 after acquiring an additional 33,557 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Luminex by 17.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,246,640 shares of the medical instruments supplier’s stock valued at $44,259,000 after acquiring an additional 334,900 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Luminex by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,819,417 shares of the medical instruments supplier’s stock valued at $36,989,000 after acquiring an additional 61,437 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Luminex by 9.6% in the third quarter. Neuberger Berman Group LLC now owns 1,015,916 shares of the medical instruments supplier’s stock valued at $20,654,000 after acquiring an additional 89,141 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Luminex by 32.0% in the fourth quarter. Millennium Management LLC now owns 940,675 shares of the medical instruments supplier’s stock valued at $18,531,000 after acquiring an additional 228,008 shares during the period. 80.75% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Luminex (LMNX) Reaches New 1-Year High and Low at $22.56” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://weekherald.com/2018/04/19/luminex-lmnx-reaches-new-1-year-high-and-low-at-22-56.html.
Luminex Company Profile
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide. Its products include Luminex 100/200 that integrates fluidics, optics, and digital signal processing; FLEXMAP 3D system for use as a general laboratory instrument; MAGPIX system, a multiplexing analyzer for qualitative and quantitative analysis of proteins and nucleic acids; ARIES system, a sample to answer real-time PCR platform; ARIES M1 system, a single-module version of the ARIES System; and VERIGENE system, an automated multiplex-capable system.
Receive News & Ratings for Luminex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luminex and related companies with MarketBeat.com's FREE daily email newsletter.