Maxwell Technologies, Inc. (MXWL) Director Acquires $1,295,000.00 in Stock
Maxwell Technologies, Inc. (NASDAQ:MXWL) Director Jorg Buchheim purchased 250,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $5.18 per share, with a total value of $1,295,000.00. Following the completion of the transaction, the director now owns 328,180 shares of the company’s stock, valued at $1,699,972.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) traded up $0.31 during midday trading on Thursday, hitting $5.06. 1,308,129 shares of the company’s stock were exchanged, compared to its average volume of 216,841. Maxwell Technologies, Inc. has a fifty-two week low of $4.29 and a fifty-two week high of $6.61. The company has a quick ratio of 1.35, a current ratio of 2.57 and a debt-to-equity ratio of 0.28.
Maxwell Technologies (NASDAQ:MXWL) last announced its earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.02. Maxwell Technologies had a negative net margin of 36.94% and a negative return on equity of 32.06%. The business had revenue of $35.80 million during the quarter, compared to the consensus estimate of $36.39 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. sell-side analysts anticipate that Maxwell Technologies, Inc. will post -0.84 EPS for the current year.
Several research firms have issued reports on MXWL. Zacks Investment Research upgraded shares of Maxwell Technologies from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research report on Tuesday. Roth Capital set a $6.00 target price on shares of Maxwell Technologies and gave the stock a “hold” rating in a report on Wednesday, November 1st. Cowen and Company reiterated a “buy” rating and set a $8.00 target price on shares of Maxwell Technologies in a report on Thursday, October 12th. Finally, ValuEngine lowered shares of Maxwell Technologies from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Maxwell Technologies has a consensus rating of “Hold” and an average target price of $6.70.
Several hedge funds and other institutional investors have recently made changes to their positions in MXWL. Bradley Foster & Sargent Inc. CT bought a new position in shares of Maxwell Technologies during the third quarter valued at approximately $1,580,000. Neuberger Berman Group LLC increased its position 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 valued at $10,910,000 after acquiring an additional 175,641 shares in the last quarter. Van Den Berg Management I Inc. increased its position in shares of Maxwell Technologies by 6.7% during the third quarter. Van Den Berg Management I Inc. now owns 2,034,668 shares of the electronics maker’s stock valued at $10,438,000 after acquiring an additional 127,680 shares in the last quarter. Royce & Associates LP increased its position in shares of Maxwell Technologies by 11.1% during the second quarter. Royce & Associates LP now owns 1,041,242 shares of the electronics maker’s stock valued at $6,237,000 after acquiring an additional 104,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Maxwell Technologies by 8.3% during the first quarter. Vanguard Group Inc. now owns 1,284,150 shares of the electronics maker’s stock valued at $7,461,000 after acquiring an additional 98,580 shares in the last quarter. 46.62% of the stock is owned by institutional investors and hedge funds.
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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