Royce & Associates LP Cuts Position in Maxwell Technologies, Inc. (MXWL)

Royce & Associates LP decreased its stake in shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 937,242 shares of the electronics maker’s stock after selling 45,000 shares during the period. Royce & Associates LP’s holdings in Maxwell Technologies were worth $5,445,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Maxwell Technologies during the fourth quarter valued at $440,000. State Street Corp boosted its position in Maxwell Technologies by 16.0% in the fourth quarter. State Street Corp now owns 422,491 shares of the electronics maker’s stock valued at $2,164,000 after buying an additional 58,323 shares during the period. Two Sigma Investments LP acquired a new position in Maxwell Technologies during the fourth quarter valued at $167,000. Ancora Advisors LLC raised its stake in shares of 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. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Maxwell Technologies during the fourth quarter valued at about $204,000. 46.28% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Maxwell Technologies (NASDAQ:MXWL)

Shares of Maxwell Technologies, Inc. (NASDAQ MXWL) traded down 0.53% during midday trading on Tuesday, hitting $5.66. The stock had a trading volume of 25,745 shares. The firm’s 50-day moving average is $5.81 and its 200 day moving average is $5.40. Maxwell Technologies, Inc. has a one year low of $4.20 and a one year high of $6.48. The company’s market capitalization is $182.23 million.

Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Tuesday, May 9th. The electronics maker reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. The business had revenue of $26.69 million during the quarter, compared to the consensus estimate of $25.79 million. Maxwell Technologies had a negative return on equity of 27.94% and a negative net margin of 24.18%. Maxwell Technologies’s quarterly revenue was down 24.2% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. Equities analysts expect that Maxwell Technologies, Inc. will post ($0.67) earnings per share for the current fiscal year.

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MXWL has been the subject of several research reports. Roth Capital set a $6.00 price target on Maxwell Technologies and gave the company a “hold” rating in a report on Monday, March 20th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Maxwell Technologies in a report on Wednesday, March 1st. Zacks Investment Research lowered Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Cowen and Company reiterated a “neutral” rating and set a $6.00 price target (down from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Finally, ValuEngine upgraded Maxwell Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Maxwell Technologies currently has an average rating of “Hold” and an average price target of $5.63.

In other news, Director Jorg Buchheim acquired 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was acquired at an average cost of $5.78 per share, for a total transaction of $346,800.00. Following the completion of the acquisition, the director now owns 36,835 shares in the company, valued at $212,906.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.54% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MXWL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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