Value Aligned Research Advisors LLC Makes New $12.53 Million Investment in Fermi Inc. $FRMI

Key Points

• Value Aligned Research Advisors bought 1.37 million Fermi shares worth approximately $12.53 million, representing a 0.21% stake. Other major institutions, including BlackRock and Bank of America, also recently initiated positions.
• Analyst sentiment remains mixed: Fermi has an overall “Moderate Buy” rating and an average price target of $20.67, though several firms recently lowered targets and UBS downgraded the stock to “neutral.”
• Fermi shares opened at $5.45, well below their 52-week high of $36.99, while insiders sold more than 1.02 million shares worth approximately $7.31 million over the past 90 days. The company reported a quarterly loss of $0.04 per share, beating estimates of a $0.06 loss.

Value Aligned Research Advisors LLC bought a new stake in Fermi Inc. (NASDAQ:FRMI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,367,995 shares of the company's stock, valued at approximately $12,531,000. Value Aligned Research Advisors LLC owned 0.21% of Fermi as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FRMI. BlackRock Inc. bought a new position in Fermi in the second quarter valued at approximately $38,499,000. Balyasny Asset Management L.P. bought a new stake in Fermi during the fourth quarter worth $16,549,000. Weiss Asset Management LP lifted its stake in Fermi by 431.6% during the first quarter. Weiss Asset Management LP now owns 2,415,027 shares of the company's stock worth $14,104,000 after purchasing an additional 1,960,764 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Fermi in the 2nd quarter valued at $17,859,000. Finally, M&G PLC acquired a new stake in shares of Fermi in the 4th quarter valued at $14,443,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FRMI shares. UBS Group cut Fermi from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a report on Tuesday, May 5th. Wall Street Zen lowered Fermi from a "hold" rating to a "sell" rating in a research note on Sunday, May 10th. Weiss Ratings cut Fermi from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, August 14th. Stifel Nicolaus lowered their target price on Fermi from $29.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Finally, Mizuho dropped their target price on shares of Fermi from $27.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fermi has an average rating of "Moderate Buy" and an average price target of $20.67.

Insider Transactions at Fermi

In other Fermi news, Director James Richard Perry sold 863,637 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $7.31, for a total value of $6,313,186.47. Following the completion of the transaction, the director directly owned 15,827,807 shares in the company, valued at approximately $115,701,269.17. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mesut Uzman sold 79,509 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $6.31, for a total value of $501,701.79. Following the completion of the transaction, the insider owned 670,491 shares of the company's stock, valued at $4,230,798.21. This represents a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,022,178 shares of company stock valued at $7,313,580.

Fermi Stock Performance

NASDAQ FRMI opened at $5.45 on Friday. The firm's fifty day moving average price is $6.93 and its two-hundred day moving average price is $6.99. The stock has a market cap of $3.49 billion and a PE ratio of -4.62. Fermi Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $36.99.

Fermi (NASDAQ:FRMI - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, sell-side analysts predict that Fermi Inc. will post -0.33 earnings per share for the current fiscal year.

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.

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