Enovix Corporation $ENVX Shares Purchased by Blair William & Co. IL

Blair William & Co. IL increased its holdings in shares of Enovix Corporation (NASDAQ:ENVX) by 49.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 476,450 shares of the company’s stock after buying an additional 157,452 shares during the period. Blair William & Co. IL owned about 0.22% of Enovix worth $4,750,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Enovix by 1.1% in the third quarter. Vanguard Group Inc. now owns 16,013,563 shares of the company’s stock worth $159,655,000 after acquiring an additional 175,599 shares in the last quarter. Electron Capital Partners LLC raised its stake in shares of Enovix by 5.3% in the second quarter. Electron Capital Partners LLC now owns 7,066,293 shares of the company’s stock valued at $73,065,000 after acquiring an additional 353,530 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Enovix by 1.4% in the second quarter. Geode Capital Management LLC now owns 3,976,433 shares of the company’s stock valued at $41,122,000 after acquiring an additional 55,506 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Enovix by 9.1% in the third quarter. Handelsbanken Fonder AB now owns 1,161,593 shares of the company’s stock valued at $11,581,000 after purchasing an additional 96,444 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Enovix by 65.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,777 shares of the company’s stock valued at $8,351,000 after purchasing an additional 449,934 shares during the period. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Northland Securities set a $16.00 price target on Enovix in a report on Monday, November 17th. TD Cowen lowered their price objective on Enovix from $15.00 to $7.50 and set a “hold” rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Enovix in a research note on Monday, December 29th. B. Riley Financial reduced their target price on shares of Enovix from $17.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Enovix from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.95.

Enovix Stock Down 2.9%

Enovix stock opened at $4.94 on Wednesday. The stock has a market cap of $1.07 billion, a PE ratio of -6.42 and a beta of 2.15. The company has a debt-to-equity ratio of 1.90, a current ratio of 8.34 and a quick ratio of 8.13. The stock’s fifty day moving average is $6.70 and its two-hundred day moving average is $8.61. Enovix Corporation has a 1-year low of $4.61 and a 1-year high of $16.49.

About Enovix

Enovix Corporation (NASDAQ: ENVX) develops and manufactures advanced lithium-ion battery cells with a patented three-dimensional silicon-anode architecture. The company’s core focus is on delivering high energy density, improved safety, and longer cycle life compared to conventional graphite-based cells. Enovix’s technology targets a range of applications, including consumer electronics, wearable devices, electric vehicles and stationary energy storage systems.

Founded in 2011 and headquartered in Fremont, California, Enovix has built pilot production capability and is scaling up manufacturing capacity to meet growing demand.