Maxwell Technologies Inc. (NASDAQ:MXWL)‘s stock had its “neutral” rating reissued by Roth Capital in a research report issued to clients and investors on Friday, April 14th. They presently have a $6.00 target price on the electronics maker’s stock. Roth Capital’s price target would indicate a potential upside of 6.57% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Maxwell Technologies in a report on Wednesday, March 1st. Finally, Cowen and Company reaffirmed a “neutral” rating and issued a $6.00 price objective (down from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Five investment analysts have rated the stock with a hold rating, Maxwell Technologies has a consensus rating of “Hold” and a consensus target price of $5.63.
Maxwell Technologies (NASDAQ:MXWL) last posted its earnings results on Tuesday, May 9th. The electronics maker reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. Maxwell Technologies had a negative net margin of 9.47% and a negative return on equity of 15.23%. The company had revenue of $26.69 million for the quarter, compared to analyst estimates of $25.79 million. During the same quarter in the prior year, the business posted ($0.14) EPS. The firm’s revenue was down 24.2% compared to the same quarter last year.
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A number of hedge funds have recently bought and sold shares of MXWL. American International Group Inc. boosted its stake 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 valued at $113,000 after buying an additional 1,277 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in Maxwell Technologies by 4.7% in the first quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock valued at $278,000 after buying an additional 2,160 shares in the last quarter. Ancora Advisors LLC boosted its stake in Maxwell Technologies by 1.8% in the fourth quarter. Ancora Advisors LLC now owns 142,700 shares of the electronics maker’s stock valued at $731,000 after buying an additional 2,500 shares in the last quarter. Morgan Stanley boosted its stake in Maxwell Technologies by 5.1% in the first quarter. Morgan Stanley now owns 117,764 shares of the electronics maker’s stock valued at $685,000 after buying an additional 5,725 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Maxwell Technologies by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 123,038 shares of the electronics maker’s stock valued at $715,000 after buying an additional 6,669 shares during the period. Institutional investors and hedge funds own 50.22% 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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