Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Enovix Co. (NASDAQ:ENVX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Enovix Co. (NASDAQ:ENVX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 193,289 shares of the company's stock, valued at approximately $2,101,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Enovix as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ENVX. Fifth Third Bancorp grew its stake in Enovix by 66.7% during the fourth quarter. Fifth Third Bancorp now owns 2,500 shares of the company's stock valued at $27,000 after acquiring an additional 1,000 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of Enovix in the 4th quarter worth $27,000. Sava Infond d.o.o. purchased a new position in shares of Enovix in the 4th quarter worth $43,000. Hollencrest Capital Management grew its stake in shares of Enovix by 61.4% in the 4th quarter. Hollencrest Capital Management now owns 5,256 shares of the company's stock worth $57,000 after buying an additional 2,000 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Enovix in the 4th quarter worth $65,000. 50.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Craig Hallum dropped their price objective on shares of Enovix from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Benchmark dropped their price objective on shares of Enovix from $25.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Enovix from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. TD Securities dropped their price objective on shares of Enovix from $10.00 to $7.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $30.00 price objective on shares of Enovix in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.27.

Enovix Trading Up 3.5%

Shares of ENVX stock traded up $0.28 during trading hours on Friday, reaching $8.31. 3,400,533 shares of the stock were exchanged, compared to its average volume of 5,963,403. Enovix Co. has a 12-month low of $5.27 and a 12-month high of $18.68. The company has a current ratio of 3.77, a quick ratio of 3.61 and a debt-to-equity ratio of 0.99. The company's 50-day moving average price is $6.95 and its 200-day moving average price is $8.95. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.73 and a beta of 2.00.

Enovix Profile

Enovix Corporation designs develops and manufactures silicon-anode 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.