David Lyle Buys 30,700 Shares of Maxwell Technologies Inc. (MXWL) Stock

Maxwell Technologies Inc. (NASDAQ:MXWL) CFO David Lyle bought 30,700 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $99,775.00. Following the purchase, the chief financial officer now owns 166,500 shares in the company, valued at approximately $541,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MXWL opened at $3.99 on Wednesday. Maxwell Technologies Inc. has a 12-month low of $3.24 and a 12-month high of $6.61. The company has a current ratio of 2.21, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a market cap of $127.44 million, a P/E ratio of -4.38 and a beta of 0.10.

Maxwell Technologies (NASDAQ:MXWL) last posted its earnings results on Monday, August 6th. The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). Maxwell Technologies had a negative return on equity of 33.83% and a negative net margin of 34.65%. The firm had revenue of $29.46 million for the quarter, compared to analyst estimates of $30.90 million. During the same period in the previous year, the company posted ($0.15) EPS. Maxwell Technologies’s revenue was down 20.6% on a year-over-year basis. equities analysts forecast that Maxwell Technologies Inc. will post -0.95 earnings per share for the current year.



A number of hedge funds and other institutional investors have recently modified their holdings of MXWL. BlackRock Inc. increased its holdings in Maxwell Technologies by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,266,227 shares of the electronics maker’s stock worth $13,054,000 after purchasing an additional 39,683 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in Maxwell Technologies by 4.6% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 340,665 shares of the electronics maker’s stock worth $2,020,000 after purchasing an additional 15,000 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Maxwell Technologies by 13.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 173,063 shares of the electronics maker’s stock worth $1,027,000 after purchasing an additional 20,297 shares during the period. KBC Group NV increased its holdings in Maxwell Technologies by 47.9% during the 1st quarter. KBC Group NV now owns 123,849 shares of the electronics maker’s stock worth $734,000 after purchasing an additional 40,131 shares during the period. Finally, Northern Trust Corp increased its holdings in Maxwell Technologies by 2.5% during the 1st quarter. Northern Trust Corp now owns 387,077 shares of the electronics maker’s stock worth $2,295,000 after purchasing an additional 9,372 shares during the period. Institutional investors own 55.86% of the company’s stock.

MXWL has been the topic of several research reports. ValuEngine raised Maxwell Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Cowen reissued a “buy” rating and set a $7.00 target price on shares of Maxwell Technologies in a research note on Tuesday, August 7th. Zacks Investment Research lowered Maxwell Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. Canaccord Genuity initiated coverage on Maxwell Technologies in a research note on Friday, August 3rd. They set a “hold” rating and a $5.00 target price on the stock. Finally, Oppenheimer decreased their target price on Maxwell Technologies from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.10.

Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

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