6 days Ago By Defense World Staff
Sei Investments Co. acquired a new stake in Enovix Co. ( NASDAQ:ENVX – Free Report ) in the fourth quarter, according to the company in its most recent filing with the SEC.
The firm acquired 14,177 shares of the company’s stock, valued at approximately $154,000. Several other hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Enovix by 66.
7% during the 4th quarter. Fifth Third Bancorp now owns 2,500 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares during the period. Hollencrest Capital Management increased its position in shares of Enovix by 61.
4% during the fourth quarter. Hollencrest Capital Management now owns 5,256 shares of the company’s stock worth $57,000 after buying an additional 2,000 shares during the period. R Squared Ltd bought a new position in Enovix during the fourth quarter worth $64,000.
Lee Danner & Bass Inc. acquired a new position in Enovix in the fourth quarter valued at $65,000. Finally, SRS Capital Advisors Inc.
bought a new stake in Enovix during the fourth quarter valued at $87,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several equities research analysts recently commented on ENVX shares. Craig Hallum decreased their target price on Enovix from $20.00 to $18.
00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Enovix in a research report on Thursday, February 20th.
Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Enovix presently has an average rating of “Moderate Buy” and an average target price of $20.
30. Enovix Trading Up 1.0 % NASDAQ:ENVX opened at $5.
98 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.
77 and a quick ratio of 3.61. Enovix Co.
has a one year low of $5.27 and a one year high of $18.68.
The company has a market cap of $1.14 billion, a PE ratio of -4.12 and a beta of 1.
98. The firm has a 50-day moving average of $8.66 and a 200-day moving average of $9.
83. Enovix ( NASDAQ:ENVX – Get Free Report ) last announced its earnings results on Wednesday, February 19th. The company reported ($0.
17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.01.
The company had revenue of $9.72 million for the quarter, compared to analysts’ expectations of $8.77 million.
Enovix had a negative return on equity of 96.99% and a negative net margin of 963.17%.
As a group, equities research analysts expect that Enovix Co. will post -1.01 EPS for the current fiscal year.
Insider Activity In related news, CEO Rajendra K. Talluri sold 300,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $9.
35, for a total value of $2,805,000.00. Following the sale, the chief executive officer now directly owns 2,045,301 shares in the company, valued at approximately $19,123,564.
35. The trade was a 12.79 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Insiders own 15.70% of the company’s stock.
Enovix Profile ( Free Report ) Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
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