Geode Capital Management LLC boosted its position in Quidel Corporation (NASDAQ:QDEL) by 3.9% during the first quarter, Holdings Channel reports. The fund owned 224,463 shares of the company’s stock after buying an additional 8,441 shares during the period. Geode Capital Management LLC’s holdings in Quidel Corporation were worth $5,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Quidel Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,126,552 shares of the company’s stock worth $48,145,000 after buying an additional 87,995 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Quidel Corporation during the first quarter worth $841,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Quidel Corporation during the first quarter worth $841,000. Legal & General Group Plc boosted its stake in shares of Quidel Corporation by 4.6% in the first quarter. Legal & General Group Plc now owns 6,931 shares of the company’s stock worth $157,000 after buying an additional 306 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Quidel Corporation by 4.6% in the first quarter. Teachers Advisors LLC now owns 49,537 shares of the company’s stock worth $1,122,000 after buying an additional 2,170 shares during the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.

Quidel Corporation (NASDAQ:QDEL) traded up 2.45% during trading on Friday, reaching $33.40. 314,044 shares of the company traded hands. The company’s market cap is $1.12 billion. Quidel Corporation has a 12 month low of $18.25 and a 12 month high of $38.92. The company’s 50-day moving average is $31.36 and its 200 day moving average is $24.95.

Quidel Corporation (NASDAQ:QDEL) last posted its earnings results on Wednesday, July 26th. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.18. Quidel Corporation had a negative return on equity of 0.03% and a negative net margin of 0.03%. The firm had revenue of $38.30 million for the quarter, compared to analyst estimates of $41.91 million. During the same period in the prior year, the business posted ($0.11) EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Quidel Corporation will post $0.28 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Geode Capital Management LLC Has $5.08 Million Stake in Quidel Corporation (NASDAQ:QDEL)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/13/geode-capital-management-llc-has-5-08-million-stake-in-quidel-corporation-nasdaqqdel.html.

A number of brokerages have recently weighed in on QDEL. BidaskClub cut shares of Quidel Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Quidel Corporation from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 29th. TheStreet cut shares of Quidel Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. upped their target price on shares of Quidel Corporation from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Barclays PLC upped their target price on shares of Quidel Corporation from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $31.40.

In other news, CFO Randall J. Steward sold 94,215 shares of Quidel Corporation stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.09, for a total transaction of $3,211,789.35. Following the completion of the sale, the chief financial officer now owns 79,907 shares of the company’s stock, valued at $2,724,029.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Bryant sold 36,000 shares of Quidel Corporation stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.98, for a total value of $899,280.00. Following the sale, the chief executive officer now directly owns 296,493 shares of the company’s stock, valued at approximately $7,406,395.14. The disclosure for this sale can be found here. Insiders have sold 227,388 shares of company stock valued at $6,951,432 in the last three months. Insiders own 22.00% of the company’s stock.

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.

Want to see what other hedge funds are holding QDEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quidel Corporation (NASDAQ:QDEL).

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

Receive News & Ratings for Quidel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quidel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.