Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.00.

A number of research firms recently weighed in on MXWL. Cowen and Company restated a “buy” rating and set a $8.00 target price on shares of Maxwell Technologies in a research note on Sunday, September 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $7.00 price target on shares of Maxwell Technologies in a research note on Thursday, August 10th. Roth Capital set a $6.00 price target on shares of Maxwell Technologies and gave the stock a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of Maxwell Technologies by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 63,951 shares of the electronics maker’s stock valued at $383,000 after buying an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Maxwell Technologies by 15.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,408 shares of the electronics maker’s stock valued at $200,000 after buying an additional 4,539 shares in the last quarter. State Street Corp raised its position in shares of Maxwell Technologies by 15.4% during the 2nd quarter. State Street Corp now owns 493,335 shares of the electronics maker’s stock valued at $2,956,000 after buying an additional 65,969 shares in the last quarter. Institute for Wealth Management LLC. purchased a new stake in shares of Maxwell Technologies during the 2nd quarter valued at about $102,000. Finally, Vanguard Group Inc. raised its position in shares of Maxwell Technologies by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,375,329 shares of the electronics maker’s stock valued at $8,238,000 after buying an additional 91,179 shares in the last quarter. Hedge funds and other institutional investors own 45.90% of the company’s stock.

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Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06. Maxwell Technologies had a negative net margin of 34.18% and a negative return on equity of 30.83%. The company had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $33.99 million. During the same quarter in the previous year, the company earned ($0.13) EPS. Maxwell Technologies’s revenue for the quarter was up 8.8% on a year-over-year basis.

About Maxwell Technologies

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.

Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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