Hel Ved Capital Management Ltd Purchases New Stake in Fermi Inc. $FRMI

Hel Ved Capital Management Ltd purchased a new stake in Fermi Inc. (NASDAQ:FRMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 272,800 shares of the company’s stock, valued at approximately $2,182,000.

A number of other large investors have also added to or reduced their stakes in the business. M&G PLC bought a new stake in Fermi in the 4th quarter valued at $14,443,000. Nuveen LLC bought a new position in Fermi during the 4th quarter worth $11,067,000. Empire Life Investments Inc. bought a new position in Fermi during the 4th quarter worth $5,611,000. Geode Capital Management LLC bought a new position in Fermi during the 4th quarter worth $5,491,000. Finally, BNP Paribas Financial Markets bought a new position in Fermi during the 4th quarter worth $4,723,000.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Wall Street Zen cut Fermi from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. UBS Group cut Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Tuesday, May 5th. Cantor Fitzgerald assumed coverage on Fermi in a research report on Thursday, April 9th. They set an “overweight” rating and a $8.00 price objective on the stock. Finally, Evercore cut Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 price objective on the stock. in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.78.

Fermi Stock Performance

FRMI opened at $7.14 on Friday. The firm has a market cap of $4.55 billion and a P/E ratio of -6.26. Fermi Inc. has a 52-week low of $4.47 and a 52-week high of $36.99. The business’s fifty day moving average is $5.83 and its 200-day moving average is $8.35.

Fermi (NASDAQ:FRMI) last released its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.25). On average, research analysts predict that Fermi Inc. will post 0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Miles E. Everson sold 427,004 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $4.58, for a total value of $1,955,678.32. Following the sale, the chief financial officer directly owned 9,969,791 shares of the company’s stock, valued at $45,661,642.78. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Griffin Perry sold 2,000,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $5.54, for a total value of $11,080,000.00. Following the completion of the sale, the insider directly owned 60,946,450 shares in the company, valued at $337,643,333. This trade represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,593,748 shares of company stock valued at $68,803,933 over the last ninety days.

Fermi Company Profile

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.