How To Buy Illumina Stock

You can buy Illumina shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Illumina shares with a broker like eToro or you can trade Illumina CFDs with XTB you can begin trading Illumina shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Illumina stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro XTB Trading212 Plus500 FXPrimus FP Markets
Rating
Used By 12,000,000+ 250,000+ 14,000,000+ 15,500+ 10,000+ 10,000+
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Scroll down to read our indepth article on How To Buy Illumina Stock. What you should know, Types of trading Illumina Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Illumina Stock Table of Contents

Illumina Financial Details

Financial Details

Illumina Stock symbol ILMN
Illumina Sector and Industry Health Care Medical Equipment & Devices
Illumina Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $380.76
52 Week Low $263.3
Illumina Market Capitalisation $42,972,508,026.00
Illumina Average Volume 1,081,838.00
Illumina PE 43.43
Illumina EPS 6.74
Stock Currency USD

Overview of Illumina

Illumina is an American Health Care Medical Equipment & Devices company currently traded on the NASDAQ which fully known as the National Association of Securities Dealers Automated Quotations exchange.

Illumina trades under the stock symbol ILMN on the NASDAQ.

Illumina shares are exchanged in USD on the NASDAQ.

Illumina has a current share price of $293.04 USD dated 31/01/2020.

The highest Illumina share price over the last 52 weeks was $380.76 USD and its lowest price over the last 52 weeks was $263.3 USD. That is a 52 week price range of $263.3 - $380.76.

Illumina Trading Volume and PE

Illumina currently has 147,000,000.00 active shares in circulation traded through the NASDAQ exchange.

Illumina market capitalization is $42,972,508,026.00 with an average daily trading volume of 1,081,838.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Illumina has a Price Earning Ratio ( PE ) of 43.43 and earning per share ( EPS ) of 6.74. Generally speaking Illumina having a high P/E ratio means that Illumina investors forsee increased growth with Illumina in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Illumina earnings per share is Disney company profit that's allocated to every Illumina common stock. Earnings per share is calculated by taking the difference between Illumina's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Illumina shares outstanding.

Illumina Financial Charts

Financial Details

Illumina Information

Illumina Location & Contact Information

Address 5200 Illumina Way San Diego, CA 92122 United States
Phone Number 1-858-202-4500
Website URL www.illumina.com

Illumina Executives and Board Members

Chairman Jay T Flatley
President/CEO Francis A Desouza
Chief Medical Officer Dr Phillip Febbo
Illumina Board Member Jay T Flatley
Illumina Board Member John W Thompson
Illumina Board Member Karin Eastham

How To Buy Illumina Stock Guide

Buying Illumina Stocks and CFDs

When investing in Illumina you have several options as to what type of investment you wish to conduct. You can buy traditional Illumina shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Illumina shares with stock brokers and trading Illumina with CFDs below.

Illumina CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Illumina stock.

If you buy Illumina shares with a stock broker you actually own a share of Illumina. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Illumina price will change up or down.

Lets explain why you would buy Illumina as a CFD instead of as a share.

If you went and brought 100 Illumina shares at $100 a share with a stock broker you own $1000 of Illumina.

The main difference when trading Illumina as a CFD and buying Illumina as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Illumina you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Illumina. Trading an Illumina CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Illumina CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Illumina share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

An Illumina CFD long would be hoping to profit from a rise in the Illumina share price. An Illumina CFD short would be aiming to profit from a fall in the Illumina stock price. Trading CFDs allows traders to profit from both directions of the Illumina price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Illumina shares you can only profit from a rise in the Illumina stock price.

Illumina CFD and Stock Market Times

When trading in traditional Illumina shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Illumina Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Illumina stock. This limits your risk to your initial amount invested in Illumina. You can only lose the amount invested with traditional Illumina shares. Another benefit of buying Illumina shares with a broker is that you may be eligible to receive Illumina company dividends if applicable.

If you Invest in Illumina via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Illumina. If you buy Illumina stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Illumina benefits as in owning a certain amount of stock for a set period.

If you own shares in Illumina you may be eligible to voting rights at Illumina shareholder general meetings.

Illumina Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Illumina Stocks and shares are only exempt from tax if the Illumina shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Illumina Stocks and Shares or Illumina CFDs?

There are pros and cons to trading in both Illumina Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Illumina stocks and shares is better suited for long term investments. Historically Illumina shares provide better returns over the long term, usually a 10 year period.

Illumina CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Illumina share investors aim to profit on the fluctuating highs and lows of the Illumina price throughout the day. Day trading as you can imagine focuses on profiting from the daily Illumina stock price change.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Illumina stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Illumina share price for example to a known amount.

Example Cost of Buying Illumina as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Illumina CFD trade example Illumina Share deal example
Market price $293.04 $293.04
Broker Deal Invest $58.608 at 1:5 Margin (20%) Buy at $293.04 a share
Deal size 100 shares 100 shares
Initial outlay

$5860.8

(Margin = exposure x 20% margin factor)

$29304

(100 shares at $293.04)
Stamp duty No £20
Close price Sell at $351.648 Sell at $351.648
Estimated Profit

(58.608 point increase x 100 shares = $5860.8)

*Not including commission fees and taxes

($35164.8 - $29304 = $5860.8)

*Not including commission fees and taxes
Trade Illumina CFDs now with XTB Trade Illumina Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Illumina shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Illumina.