2 weeks Ago By ABMN Staff
Xponance Inc. raised its stake in Enovix Co. ( NASDAQ:ENVX – Free Report ) by 17.
3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,810 shares of the company’s stock after acquiring an additional 1,738 shares during the period.
Xponance Inc.’s holdings in Enovix were worth $128,000 at the end of the most recent quarter. Other institutional investors have also recently made changes to their positions in the company.
Fifth Third Bancorp increased its stake in shares of Enovix by 66.7% in the fourth quarter. Fifth Third Bancorp now owns 2,500 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the period.
Hollencrest Capital Management grew its holdings in Enovix by 61.4% in the 4th quarter. Hollencrest Capital Management now owns 5,256 shares of the company’s stock worth $57,000 after acquiring an additional 2,000 shares during the last quarter.
R Squared Ltd purchased a new position in shares of Enovix in the fourth quarter valued at about $64,000. Quest Partners LLC raised its stake in shares of Enovix by 318.5% during the third quarter.
Quest Partners LLC now owns 8,270 shares of the company’s stock valued at $77,000 after acquiring an additional 6,294 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Enovix during the fourth quarter worth about $87,000.
Hedge funds and other institutional investors own 50.92% of the company’s stock. Insider Buying and Selling In other Enovix news, CEO Rajendra K.
Talluri sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.35, for a total transaction of $2,805,000.
00. Following the completion of the transaction, the chief executive officer now owns 2,045,301 shares of the company’s stock, valued at approximately $19,123,564.35.
This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
15.70% of the stock is currently owned by insiders. Enovix Trading Down 6.
6 % Enovix ( NASDAQ:ENVX – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.
18) by $0.01. The business had revenue of $9.
72 million during the quarter, compared to analyst estimates of $8.77 million. Enovix had a negative return on equity of 96.
99% and a negative net margin of 963.17%. Equities research analysts predict that Enovix Co.
will post -1.01 earnings per share for the current fiscal year. Analyst Ratings Changes A number of research analysts recently issued reports on the company.
Craig Hallum reduced their price target on Enovix from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.
Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 target price on shares of Enovix in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, Enovix presently has an average rating of “Moderate Buy” and a consensus price target of $20.30.
Get Our Latest Report on ENVX About Enovix ( 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.
Read More Want to see what other hedge funds are holding ENVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enovix Co. ( NASDAQ:ENVX – Free Report ).
Receive News & Ratings for Enovix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enovix and related companies with MarketBeat.com's FREE daily email newsletter ..
