Enovix Co. (NASDAQ:ENVX) Holdings Cut by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in Enovix Co. (NASDAQ:ENVX) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,419,807 shares of the company’s stock after selling 31,480 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.90% of Enovix worth $25,613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Enovix by 392.4% during the 2nd quarter. State Street Corp now owns 1,935,508 shares of the company’s stock worth $17,245,000 after purchasing an additional 1,542,457 shares during the last quarter. Norges Bank acquired a new position in Enovix in the 4th quarter valued at $13,142,000. Vanguard Group Inc. grew its stake in Enovix by 10.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,160,113 shares of the company’s stock valued at $204,621,000 after buying an additional 1,038,778 shares during the last quarter. Masters Capital Management LLC acquired a new position in Enovix in the 1st quarter valued at $14,910,000. Finally, Wexford Capital LP boosted its holdings in Enovix by 3,025.8% in the 1st quarter. Wexford Capital LP now owns 965,871 shares of the company’s stock valued at $14,401,000 after purchasing an additional 934,971 shares during the period. Hedge funds and other institutional investors own 49.68% of the company’s stock.

Enovix Trading Up 0.2 %

ENVX opened at $11.62 on Tuesday. The company has a current ratio of 8.52, a quick ratio of 8.51 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.95 billion, a PE ratio of -8.07 and a beta of 1.65. Enovix Co. has a 1-year low of $6.50 and a 1-year high of $23.90. The firm has a 50-day moving average price of $11.12 and a two-hundred day moving average price of $14.04.

Analyst Ratings Changes

ENVX has been the subject of a number of research reports. Cantor Fitzgerald increased their price target on shares of Enovix from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. B. Riley reduced their price objective on shares of Enovix from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Craig Hallum raised their price objective on shares of Enovix from $15.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.11.

Enovix Profile

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.