Wells Fargo & Company MN lowered its position in Quidel Corporation (NASDAQ:QDEL) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,544 shares of the company’s stock after selling 711 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Quidel Corporation worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legal & General Group Plc grew its stake in Quidel Corporation by 4.0% in the second quarter. Legal & General Group Plc now owns 7,209 shares of the company’s stock valued at $197,000 after purchasing an additional 278 shares in the last quarter. American International Group Inc. grew its stake in Quidel Corporation by 7.1% in the first quarter. American International Group Inc. now owns 16,546 shares of the company’s stock valued at $375,000 after purchasing an additional 1,099 shares in the last quarter. Teachers Advisors LLC grew its stake in Quidel Corporation by 4.6% in the first quarter. Teachers Advisors LLC now owns 49,537 shares of the company’s stock valued at $1,122,000 after purchasing an additional 2,170 shares in the last quarter. SG Americas Securities LLC grew its stake in Quidel Corporation by 8.1% in the second quarter. SG Americas Securities LLC now owns 38,347 shares of the company’s stock valued at $1,041,000 after purchasing an additional 2,871 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Quidel Corporation by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 120,582 shares of the company’s stock valued at $2,730,000 after purchasing an additional 6,480 shares in the last quarter. Hedge funds and other institutional investors own 86.82% of the company’s stock.

QDEL has been the topic of a number of recent research reports. William Blair upgraded Quidel Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Quidel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub downgraded Quidel Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Barclays PLC boosted their target price on Quidel Corporation from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Finally, Raymond James Financial, Inc. restated a “buy” rating and issued a $47.00 target price (up previously from $41.00) on shares of Quidel Corporation in a research note on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.80.

In other Quidel Corporation news, CEO Douglas C. Bryant sold 36,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $42.91, for a total value of $1,544,760.00. Following the completion of the sale, the chief executive officer now owns 296,493 shares of the company’s stock, valued at $12,722,514.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Bryant sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $42.17, for a total value of $506,040.00. Following the completion of the sale, the chief executive officer now directly owns 296,493 shares of the company’s stock, valued at approximately $12,503,109.81. The disclosure for this sale can be found here. Insiders sold 127,565 shares of company stock valued at $5,105,058 in the last ninety days. Insiders own 22.00% of the company’s stock.

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Shares of Quidel Corporation (QDEL) opened at $37.72 on Friday. Quidel Corporation has a 12-month low of $18.25 and a 12-month high of $45.55. The company has a current ratio of 6.28, a quick ratio of 5.68 and a debt-to-equity ratio of 0.70.

Quidel Corporation (NASDAQ:QDEL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.21). Quidel Corporation had a negative return on equity of 2.36% and a negative net margin of 2.33%. The company had revenue of $50.89 million during the quarter, compared to analyst estimates of $50.47 million. During the same period in the prior year, the firm earned $0.10 EPS. Quidel Corporation’s quarterly revenue was up 3.1% on a year-over-year basis. equities research analysts anticipate that Quidel Corporation will post 0.6 EPS for the current fiscal year.

Quidel Corporation Profile

Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions are separated into four product categories: immunoassays, molecular assays, virology and specialty products. The Company sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics, pharmacies and wellness screening centers.

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Institutional Ownership by Quarter for Quidel Corporation (NASDAQ:QDEL)

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