Quidel Corporation (QDEL) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in shares of Quidel Corporation (NASDAQ:QDEL) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,636 shares of the company’s stock after buying an additional 1,366 shares during the quarter. Voya Investment Management LLC’s holdings in Quidel Corporation were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in Quidel Corporation by 4.0% during the 2nd 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 during the last quarter. TIAA CREF Investment Management LLC grew its stake in Quidel Corporation by 1.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,227 shares of the company’s stock valued at $2,693,000 after purchasing an additional 1,062 shares during the last quarter. Acrospire Investment Management LLC grew its stake in Quidel Corporation by 42.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,678 shares of the company’s stock valued at $100,000 after purchasing an additional 1,091 shares during the last quarter. American International Group Inc. grew its stake in Quidel Corporation by 7.1% during the 1st 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 during the last quarter. Finally, Teachers Advisors LLC grew its stake in Quidel Corporation by 4.6% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 86.82% of the company’s stock.

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

Quidel Corporation (NASDAQ:QDEL) last released 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). The business had revenue of $50.89 million during the quarter, compared to analyst estimates of $50.47 million. Quidel Corporation had a negative return on equity of 2.36% and a negative net margin of 2.33%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. sell-side analysts predict that Quidel Corporation will post 0.6 EPS for the current fiscal year.

Several analysts have weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $50.00 price target on shares of Quidel Corporation in a research note on Friday, November 3rd. BidaskClub downgraded Quidel Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity restated a “buy” rating and issued a $48.00 target price on shares of Quidel Corporation in a research note on Wednesday, October 25th. Barclays PLC restated a “buy” rating and issued a $45.00 target price (up previously from $39.00) on shares of Quidel Corporation in a research note on Tuesday, September 19th. Finally, TheStreet downgraded Quidel Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Quidel Corporation presently has a consensus rating of “Buy” and an average price target of $48.80.

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In related news, CEO Douglas C. Bryant sold 36,000 shares of the company’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 transaction, the chief executive officer now owns 296,493 shares of the company’s stock, valued at approximately $12,722,514.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Werner Kroll sold 7,565 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $39.50, for a total value of $298,817.50. Following the transaction, the senior vice president now directly owns 10,261 shares of the company’s stock, valued at approximately $405,309.50. The disclosure for this sale can be found here. Insiders sold a total of 127,565 shares of company stock valued at $5,105,058 in the last ninety days. 22.00% of the stock is currently owned by insiders.

About Quidel Corporation

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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