Headlands Technologies LLC Has $1.83 Million Stake in Enovix Corporation $ENVX

Headlands Technologies LLC raised its stake in Enovix Corporation (NASDAQ:ENVX) by 231.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,781 shares of the company’s stock after acquiring an additional 210,782 shares during the period. Headlands Technologies LLC’s holdings in Enovix were worth $1,832,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Flputnam Investment Management Co. boosted its stake in shares of Enovix by 36.9% in the 2nd quarter. Flputnam Investment Management Co. now owns 142,608 shares of the company’s stock valued at $866,000 after purchasing an additional 38,453 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Enovix by 69.7% during the 2nd quarter. Hsbc Holdings PLC now owns 42,150 shares of the company’s stock worth $261,000 after purchasing an additional 17,319 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Enovix during the 2nd quarter valued at about $290,000. Equitable Holdings Inc. bought a new position in Enovix during the 2nd quarter valued at about $86,000. Finally, Corient Private Wealth LP acquired a new position in Enovix in the second quarter valued at about $322,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Enovix in a research note on Wednesday, July 8th. Benchmark cut their target price on shares of Enovix from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. B. Riley Financial reduced their target price on Enovix from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Oppenheimer dropped their price target on Enovix from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Finally, Canaccord Genuity Group cut their price objective on Enovix from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Enovix presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.77.

Enovix Trading Up 0.6%

Shares of NASDAQ ENVX opened at $3.38 on Tuesday. Enovix Corporation has a 1-year low of $3.06 and a 1-year high of $14.21. The company has a 50-day moving average of $4.57 and a two-hundred day moving average of $5.61. The company has a market cap of $741.74 million, a PE ratio of -4.17 and a beta of 2.32. The company has a current ratio of 9.71, a quick ratio of 9.37 and a debt-to-equity ratio of 2.46.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. Enovix had a negative net margin of 473.89% and a negative return on equity of 64.50%. The business had revenue of $9.02 million during the quarter, compared to analyst estimates of $8.43 million. During the same quarter last year, the business posted ($0.13) earnings per share. Enovix’s revenue for the quarter was up 20.8% compared to the same quarter last year. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. As a group, equities analysts expect that Enovix Corporation will post -0.8 earnings per share for the current fiscal year.

About Enovix

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.