Voisard Asset Management Group Inc. Buys 2,000 Shares of Enovix Co. (NASDAQ:ENVX)

Voisard Asset Management Group Inc. boosted its holdings in shares of Enovix Co. (NASDAQ:ENVX) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in Enovix were worth $65,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ENVX. Vanguard Group Inc. boosted its holdings in Enovix by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 12,928,993 shares of the company’s stock valued at $161,871,000 after acquiring an additional 513,508 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Enovix by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 18,645 shares of the company’s stock worth $149,000 after buying an additional 2,633 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Enovix by 2,228.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,438,011 shares of the company’s stock worth $11,518,000 after buying an additional 1,376,253 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Enovix by 19.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 116,746 shares of the company’s stock worth $935,000 after buying an additional 18,767 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Enovix in the 1st quarter worth $216,000. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Insider Transactions at Enovix

In other news, insider Arthi Chakravarthy sold 35,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $13.00, for a total value of $455,000.00. Following the sale, the insider now owns 343,305 shares in the company, valued at $4,462,965. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $36.00 target price on shares of Enovix in a report on Monday, August 26th. Craig Hallum upped their price objective on Enovix from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Canaccord Genuity Group upped their price objective on Enovix from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 price objective on shares of Enovix in a research note on Wednesday. Finally, TD Cowen upped their price objective on Enovix from $11.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Enovix presently has a consensus rating of “Buy” and a consensus target price of $21.67.

Enovix Trading Down 1.4 %

Shares of NASDAQ:ENVX opened at $10.48 on Thursday. The company has a quick ratio of 3.84, a current ratio of 3.98 and a debt-to-equity ratio of 0.97. Enovix Co. has a 52-week low of $5.70 and a 52-week high of $18.68. The business has a 50-day moving average price of $10.08 and a 200-day moving average price of $11.07. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -6.51 and a beta of 1.98.

Enovix (NASDAQ:ENVX) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. The firm had revenue of $4.30 million for the quarter, compared to analyst estimates of $4.11 million. Enovix had a negative net margin of 1,434.34% and a negative return on equity of 91.21%. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Equities analysts predict that Enovix Co. will post -1.2 EPS for the current year.

About Enovix

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.