Jupiter Asset Management Ltd. Acquires 290,916 Shares of Enovix Corporation $ENVX

Jupiter Asset Management Ltd. increased its holdings in Enovix Corporation (NASDAQ:ENVX) by 117.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,190 shares of the company’s stock after purchasing an additional 290,916 shares during the quarter. Jupiter Asset Management Ltd. owned 0.25% of Enovix worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Enovix by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 4,413,492 shares of the company’s stock worth $32,268,000 after buying an additional 253,906 shares during the period. Kingdom Financial Group LLC. purchased a new stake in Enovix during the 4th quarter valued at about $116,000. Leonteq Securities AG bought a new position in Enovix during the 4th quarter worth approximately $162,000. ProShare Advisors LLC increased its stake in Enovix by 9.5% in the 4th quarter. ProShare Advisors LLC now owns 30,842 shares of the company’s stock worth $225,000 after purchasing an additional 2,667 shares during the period. Finally, Cauble & Harre Wealth Management Inc. purchased a new position in Enovix in the 4th quarter worth approximately $1,012,000. 50.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENVX has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on shares of Enovix from $21.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Benchmark cut their target price on Enovix from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Enovix in a research report on Friday, April 10th. B. Riley Financial dropped their price objective on Enovix from $17.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Oppenheimer reduced their target price on Enovix from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Enovix currently has an average rating of “Moderate Buy” and an average target price of $12.64.

Enovix Stock Performance

Shares of ENVX opened at $7.98 on Friday. The company has a 50-day simple moving average of $6.19 and a two-hundred day simple moving average of $6.79. The company has a debt-to-equity ratio of 2.14, a current ratio of 10.97 and a quick ratio of 10.65. The firm has a market capitalization of $1.74 billion, a PE ratio of -9.61 and a beta of 2.24. Enovix Corporation has a one year low of $4.61 and a one year high of $16.49.

Enovix (NASDAQ:ENVX) last posted its earnings results on Wednesday, May 13th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Enovix had a negative return on equity of 64.28% and a negative net margin of 499.64%.The firm had revenue of $7.60 million for the quarter, compared to the consensus estimate of $6.95 million. During the same quarter in the prior year, the business earned ($0.15) EPS. The business’s revenue for the quarter was up 49.1% on a year-over-year basis. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. On average, analysts anticipate that Enovix Corporation will post -0.81 EPS for the current fiscal year.

Enovix Profile

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.