Shares of Maxwell Technologies Inc. (NASDAQ:MXWL) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.25.
A number of equities analysts have recently weighed in on MXWL shares. Zacks Investment Research raised shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, November 14th. Roth Capital raised shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. ValuEngine raised shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. UBS Group upgraded shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Finally, Oppenheimer upgraded shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Friday, February 16th.
Several large investors have recently modified their holdings of MXWL. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Maxwell Technologies during the fourth quarter worth $2,612,000. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Maxwell Technologies during the third quarter worth $1,580,000. Van Den Berg Management I Inc. raised its holdings in shares of Maxwell Technologies by 11.6% during the fourth quarter. Van Den Berg Management I Inc. now owns 2,269,682 shares of the electronics maker’s stock worth $13,073,000 after acquiring an additional 235,014 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Maxwell Technologies by 9.0% during the third quarter. Neuberger Berman Group LLC now owns 2,126,701 shares of the electronics maker’s stock worth $10,910,000 after acquiring an additional 175,641 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Maxwell Technologies by 832.1% during the fourth quarter. Two Sigma Investments LP now owns 113,685 shares of the electronics maker’s stock worth $655,000 after acquiring an additional 101,488 shares during the period. Institutional investors and hedge funds own 55.29% of the company’s stock.
Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings results on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $30.80 million for the quarter, compared to the consensus estimate of $31.52 million. Maxwell Technologies had a negative return on equity of 30.48% and a negative net margin of 33.08%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share. analysts forecast that Maxwell Technologies will post -0.64 EPS for the current fiscal year.
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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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