Kestra Advisory Services LLC decreased its stake in Enovix Co. (NASDAQ:ENVX – Get Rating) by 26.6% in the third quarter, Holdings Channel reports. The institutional investor owned 20,266 shares of the company’s stock after selling 7,348 shares during the quarter. Kestra Advisory Services LLC’s holdings in Enovix were worth $372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Credit Suisse AG lifted its position in Enovix by 1.1% in the 2nd quarter. Credit Suisse AG now owns 55,808 shares of the company’s stock worth $498,000 after buying an additional 603 shares in the last quarter. Arizona State Retirement System lifted its position in Enovix by 8.0% in the 2nd quarter. Arizona State Retirement System now owns 19,083 shares of the company’s stock worth $170,000 after buying an additional 1,415 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Enovix by 7.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,670 shares of the company’s stock worth $237,000 after buying an additional 1,900 shares in the last quarter. Merrion Investment Management Co LLC lifted its position in Enovix by 12.5% in the 2nd quarter. Merrion Investment Management Co LLC now owns 22,500 shares of the company’s stock worth $200,000 after buying an additional 2,500 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Enovix in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 55.62% of the company’s stock.
Get Enovix alerts:Shares of ENVX opened at $7.61 on Tuesday. The company has a market capitalization of $1.20 billion, a PE ratio of -5.18 and a beta of 1.45. The company’s fifty day moving average price is $10.35 and its 200 day moving average price is $14.82. Enovix Co. has a one year low of $6.50 and a one year high of $26.30.
Enovix (Enovix ( NASDAQ:ENVX Get Rating ) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.01. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.55 million. Analysts anticipate that Enovix Co. will post -0.76 earnings per share for the current year.
In other Enovix news, CTO Ashok Lahiri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $12.81, for a total value of $25,620.00. Following the sale, the chief technology officer now directly owns 1,358,265 shares in the company, valued at approximately $17,399,374.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.60% of the company’s stock.
A number of research analysts have recently weighed in on ENVX shares. JPMorgan Chase & Co. cut their price target on shares of Enovix from $28.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, January 26th. EF Hutton Acquisition Co. I cut their price target on shares of Enovix from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler cut their price target on shares of Enovix from $26.50 to $22.50 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Janney Montgomery Scott started coverage on shares of Enovix in a report on Friday, November 4th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Cowen cut their price target on shares of Enovix from $36.00 to $25.00 in a report on Wednesday, November 2nd. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $28.54.
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Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
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