First Trust Advisors LP lowered its stake in shares of Maxwell Technologies Inc. (NASDAQ:MXWL) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,395 shares of the company’s stock after selling 271 shares during the period. First Trust Advisors LP owned approximately 0.10% of Maxwell Technologies worth $166,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Royce & Associates LP raised its position in Maxwell Technologies by 2.1% in the first quarter. Royce & Associates LP now owns 1,446,691 shares of the company’s stock valued at $8,593,000 after buying an additional 29,914 shares during the period. Bank of New York Mellon Corp raised its position in shares of Maxwell Technologies by 41.4% in the second quarter. Bank of New York Mellon Corp now owns 196,220 shares of the company’s stock worth $1,035,000 after buying an additional 57,451 shares during the period. Geode Capital Management LLC raised its position in shares of Maxwell Technologies by 7.7% in the first quarter. Geode Capital Management LLC now owns 176,224 shares of the company’s stock worth $1,046,000 after buying an additional 12,578 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Maxwell Technologies by 5.6% in the second quarter. Essex Investment Management Co. LLC now owns 87,722 shares of the company’s stock worth $463,000 after buying an additional 4,616 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Maxwell Technologies during the second quarter worth about $410,000. 54.49% of the stock is owned by institutional investors.
Maxwell Technologies Inc. (NASDAQ:MXWL) traded up 0.60% during midday trading on Wednesday, reaching $5.05. The company’s stock had a trading volume of 15,994 shares. Maxwell Technologies Inc. has a 52-week low of $4.20 and a 52-week high of $8.04. The stock’s market capitalization is $160.80 million. The firm has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.45.
Maxwell Technologies (NASDAQ:MXWL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.07. Maxwell Technologies had a negative return on equity of 10.45% and a negative net margin of 5.05%. The business had revenue of $34.10 million for the quarter, compared to the consensus estimate of $35.08 million. During the same period last year, the firm earned ($0.11) earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. Equities research analysts predict that Maxwell Technologies Inc. will post ($0.56) EPS for the current fiscal year.
A number of brokerages recently issued reports on MXWL. Zacks Investment Research raised Maxwell Technologies from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Tuesday, July 5th. Canaccord Genuity reissued a “hold” rating and issued a $4.50 price objective on shares of Maxwell Technologies in a report on Tuesday, August 16th. Finally, Roth Capital set a $5.00 price objective on Maxwell Technologies and gave the stock a “hold” rating in a report on Monday, September 19th.
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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