Dimensional Fund Advisors LP trimmed its position in Maxwell Technologies Inc. (NASDAQ:MXWL) by 3.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 873,383 shares of the electronics maker’s stock after selling 33,930 shares during the period. Dimensional Fund Advisors LP’s holdings in Maxwell Technologies were worth $4,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MXWL. Bradley Foster & Sargent Inc. CT acquired a new position in Maxwell Technologies in the 3rd quarter valued at $1,580,000. Vanguard Group Inc. grew its holdings in Maxwell Technologies by 7.1% in 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. State Street Corp grew its holdings in Maxwell Technologies by 15.4% in 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. Northern Trust Corp grew its holdings in Maxwell Technologies by 18.7% in the 2nd quarter. Northern Trust Corp now owns 385,956 shares of the electronics maker’s stock valued at $2,312,000 after buying an additional 60,842 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Maxwell Technologies in the 2nd quarter valued at $128,000. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Maxwell Technologies Inc. (NASDAQ MXWL) opened at $5.74 on Monday. The stock has a market capitalization of $212.82, a price-to-earnings ratio of -4.25 and a beta of 0.11. Maxwell Technologies Inc. has a 1-year low of $4.29 and a 1-year high of $6.61. The company has a current ratio of 2.57, a quick ratio of 1.86 and a debt-to-equity ratio of 0.28.

Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Wednesday, November 8th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The company had revenue of $35.80 million for the quarter, compared to analyst estimates of $36.39 million. Maxwell Technologies had a negative return on equity of 32.06% and a negative net margin of 36.94%. Maxwell Technologies’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) EPS. research analysts anticipate that Maxwell Technologies Inc. will post -0.84 earnings per share for the current year.

In related news, Director Jorg Buchheim bought 250,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $5.18 per share, with a total value of $1,295,000.00. Following the acquisition, the director now owns 328,180 shares in the company, valued at approximately $1,699,972.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Franz Fink bought 230,000 shares of Maxwell Technologies stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $4.98 per share, for a total transaction of $1,145,400.00. The disclosure for this purchase can be found here. Corporate insiders own 3.54% of the company’s stock.

Several analysts have recently issued reports on MXWL shares. Cowen reissued a “buy” rating and set a $8.00 target price on shares of Maxwell Technologies in a report on Thursday, October 12th. Zacks Investment Research raised Maxwell Technologies from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, November 14th. Roth Capital set a $6.00 target price on Maxwell Technologies and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.90.

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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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Institutional Ownership by Quarter for Maxwell Technologies (NASDAQ:MXWL)

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