Sava Infond d.o.o. Has $114,000 Holdings in Enovix Corporation $ENVX

Sava Infond d.o.o. grew its holdings in Enovix Corporation (NASDAQ:ENVX) by 83.3% during the second quarter, Holdings Channel.com reports. The firm owned 11,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Sava Infond d.o.o.’s holdings in Enovix were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENVX. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Enovix in the second quarter valued at approximately $13,206,000. Electron Capital Partners LLC raised its holdings in shares of Enovix by 18.6% in the first quarter. Electron Capital Partners LLC now owns 6,712,763 shares of the company’s stock valued at $49,272,000 after purchasing an additional 1,054,029 shares during the last quarter. CenterBook Partners LP raised its holdings in shares of Enovix by 71.0% in the first quarter. CenterBook Partners LP now owns 1,736,570 shares of the company’s stock valued at $12,746,000 after purchasing an additional 721,309 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 last quarter. Finally, Nuveen LLC acquired a new stake in shares of Enovix in the first quarter valued at approximately $3,030,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Enovix Trading Up 2.3%

Shares of Enovix stock opened at $11.92 on Friday. The firm has a 50-day moving average of $10.42 and a 200-day moving average of $9.33. The stock has a market cap of $2.34 billion, a PE ratio of -14.19 and a beta of 2.07. Enovix Corporation has a 52-week low of $5.27 and a 52-week high of $16.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.11 and a current ratio of 4.37.

Enovix (NASDAQ:ENVX) last announced its earnings results on Thursday, July 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $5.48 million. Enovix had a negative net margin of 481.35% and a negative return on equity of 73.88%. Enovix’s quarterly revenue was up 98.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. Enovix has set its Q3 2025 guidance at -0.180–0.140 EPS. As a group, sell-side analysts forecast that Enovix Corporation will post -1.01 EPS for the current year.

Enovix announced that its board has authorized a stock buyback program on Wednesday, July 2nd that permits the company to buyback $60.00 million in shares. This buyback authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENVX. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price objective (up from $9.00) on shares of Enovix in a report on Thursday, July 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Enovix in a report on Saturday, September 27th. Canaccord Genuity Group boosted their target price on shares of Enovix from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 4th. B. Riley restated a “buy” rating and set a $17.00 target price (up from $12.00) on shares of Enovix in a report on Thursday, July 10th. Finally, Benchmark boosted their target price on shares of Enovix from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

About Enovix

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.