Van Den Berg Management I Inc. raised its position in Maxwell Technologies Inc. (NASDAQ:MXWL) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,269,682 shares of the electronics maker’s stock after acquiring an additional 235,014 shares during the period. Maxwell Technologies makes up approximately 1.5% of Van Den Berg Management I Inc.’s holdings, making the stock its 25th biggest holding. Van Den Berg Management I Inc. owned 6.12% of Maxwell Technologies worth $13,073,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Maxwell Technologies in the third quarter valued at approximately $100,000. Trexquant Investment LP acquired a new stake in Maxwell Technologies in the third quarter valued at approximately $107,000. Alliancebernstein L.P. acquired a new stake in Maxwell Technologies in the second quarter valued at approximately $128,000. Levin Capital Strategies L.P. acquired a new stake in Maxwell Technologies in the fourth quarter valued at approximately $161,000. Finally, Tower Research Capital LLC TRC boosted its stake in Maxwell Technologies by 511.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 32,045 shares of the electronics maker’s stock valued at $184,000 after acquiring an additional 26,803 shares in the last quarter. Institutional investors own 55.29% of the company’s stock.
Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Maxwell Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a report on Friday, February 16th. UBS Group raised shares of Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Finally, Roth Capital raised shares of Maxwell Technologies from a “neutral” rating to a “buy” rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $6.92.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). The company had revenue of $30.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) EPS. sell-side analysts forecast that Maxwell Technologies Inc. will post -0.64 earnings per share for the current year.
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Maxwell Technologies 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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