Maxwell Technologies, Inc. (NASDAQ:MXWL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Thursday. They presently have a $7.00 price target on the electronics maker’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 19.25% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Cowen and Company reiterated a “neutral” rating and issued a $6.00 price target (down previously from $7.00) on shares of Maxwell Technologies in a research note on Friday, April 14th. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 price target on shares of Maxwell Technologies in a research note on Tuesday. Roth Capital reiterated a “neutral” rating and issued a $6.00 price target on shares of Maxwell Technologies in a research note on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Maxwell Technologies in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.50.

Shares of Maxwell Technologies (MXWL) opened at 5.87 on Thursday. Maxwell Technologies has a one year low of $4.39 and a one year high of $6.48. The company’s 50 day moving average price is $5.86 and its 200 day moving average price is $5.61. The stock’s market capitalization is $188.99 million.

Maxwell Technologies (NASDAQ:MXWL) last issued its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. The company had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $33.99 million. Maxwell Technologies had a negative net margin of 34.18% and a negative return on equity of 31.66%. Maxwell Technologies’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) EPS. On average, analysts expect that Maxwell Technologies will post ($0.61) earnings per share for the current fiscal year.

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In other Maxwell Technologies news, Director Jorg Buchheim bought 60,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were purchased at an average price of $5.78 per share, for a total transaction of $346,800.00. Following the transaction, the director now directly owns 75,653 shares in the company, valued at approximately $437,274.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.54% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MXWL. Schwab Charles Investment Management Inc. raised its position in shares of Maxwell Technologies by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,779 shares of the electronics maker’s stock worth $742,000 after buying an additional 741 shares during the last quarter. American International Group Inc. raised its position in shares of Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after buying an additional 1,277 shares during the last quarter. Ironwood Investment Management LLC raised its position in shares of Maxwell Technologies by 4.7% in the first quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock worth $278,000 after buying an additional 2,160 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Maxwell Technologies by 16.4% in the second quarter. Janney Montgomery Scott LLC now owns 60,450 shares of the electronics maker’s stock worth $362,000 after buying an additional 8,500 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Maxwell Technologies by 27.4% in the second quarter. Rhumbline Advisers now owns 40,863 shares of the electronics maker’s stock worth $245,000 after buying an additional 8,781 shares during the last quarter. Hedge funds and other institutional investors own 46.30% of the company’s stock.

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.

Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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