Maxwell Technologies, Inc. (NASDAQ:MXWL) received a $6.00 target price from analysts at Roth Capital in a note issued to investors on Tuesday, August 8th. The firm presently has a “hold” rating on the electronics maker’s stock. Roth Capital’s price objective indicates a potential upside of 7.53% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Canaccord Genuity restated a “hold” rating and issued a $7.00 target price on shares of Maxwell Technologies in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded shares of Maxwell Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Cowen and Company restated a “neutral” rating and issued a $6.00 target price (down from $7.00) on shares of Maxwell Technologies in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.
Shares of Maxwell Technologies (NASDAQ:MXWL) opened at 5.58 on Tuesday. The stock’s market cap is $198.24 million. The firm’s 50-day moving average price is $5.82 and its 200-day moving average price is $5.65. Maxwell Technologies has a 52-week low of $4.39 and a 52-week high of $6.48.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.06. The company had revenue of $37.10 million for the quarter, compared to analyst estimates of $33.99 million. Maxwell Technologies had a negative net margin of 34.18% and a negative return on equity of 30.83%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) EPS. Equities analysts predict that Maxwell Technologies will post ($0.61) EPS for the current year.
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In other Maxwell Technologies news, Director Jorg Buchheim acquired 60,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average cost of $5.78 per share, for a total transaction of $346,800.00. Following the completion of the purchase, the director now owns 75,653 shares in the company, valued at $437,274.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.54% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MXWL. Institute for Wealth Management LLC. acquired a new position in Maxwell Technologies during the second quarter worth about $102,000. SG Americas Securities LLC acquired a new position in Maxwell Technologies during the second quarter worth about $107,000. American International Group Inc. increased its position in Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after buying an additional 1,277 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Maxwell Technologies by 33.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 20,950 shares of the electronics maker’s stock worth $125,000 after buying an additional 5,250 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Maxwell Technologies during the second quarter worth about $128,000. Hedge funds and other institutional investors own 46.07% of the company’s stock.
Maxwell Technologies Company Profile
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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