Stifel Financial Corp Purchases 27,662 Shares of Enovix Co. (NASDAQ:ENVX)

Stifel Financial Corp lifted its position in Enovix Co. (NASDAQ:ENVXFree Report) by 4.4% during the 4th quarter, HoldingsChannel reports. The firm owned 652,262 shares of the company’s stock after acquiring an additional 27,662 shares during the quarter. Stifel Financial Corp’s holdings in Enovix were worth $8,166,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of Enovix by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 49,587 shares of the company’s stock worth $621,000 after purchasing an additional 910 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Enovix by 66.7% in the fourth quarter. Beacon Capital Management LLC now owns 2,500 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Enovix by 5.9% in the third quarter. Amalgamated Bank now owns 20,827 shares of the company’s stock worth $261,000 after purchasing an additional 1,154 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Enovix by 10.5% in the third quarter. Victory Capital Management Inc. now owns 14,253 shares of the company’s stock worth $179,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of Enovix by 3.2% in the fourth quarter. Insight Advisors LLC PA now owns 44,354 shares of the company’s stock worth $555,000 after purchasing an additional 1,370 shares during the last quarter. 50.92% of the stock is owned by institutional investors.

Enovix Trading Down 0.7 %

Enovix stock opened at $10.77 on Friday. Enovix Co. has a fifty-two week low of $5.70 and a fifty-two week high of $23.90. The company has a quick ratio of 4.77, a current ratio of 4.89 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $8.50 and a 200-day moving average price of $9.97.

Enovix (NASDAQ:ENVXGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.05). The business had revenue of $5.27 million for the quarter, compared to analyst estimates of $4.16 million. Enovix had a negative return on equity of 85.47% and a negative net margin of 1,448.90%. On average, equities research analysts forecast that Enovix Co. will post -1.15 earnings per share for the current year.

Insider Transactions at Enovix

In other news, COO Ajay Marathe sold 4,954 shares of the company’s stock in a transaction on Sunday, April 14th. The stock was sold at an average price of $7.31, for a total transaction of $36,213.74. Following the transaction, the chief operating officer now directly owns 978,913 shares of the company’s stock, valued at $7,155,854.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 17.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENVX shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Enovix in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Enovix from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. B. Riley dropped their price target on Enovix from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. William Blair reiterated an “outperform” rating on shares of Enovix in a research report on Thursday, May 2nd. Finally, Craig Hallum dropped their target price on Enovix from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.33.

Read Our Latest Report on ENVX

About Enovix

(Free Report)

Enovix Corporation designs, develops, and manufactures 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.

Further Reading

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Institutional Ownership by Quarter for Enovix (NASDAQ:ENVX)

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