Money Concepts Capital Corp Makes New $1.15 Million Investment in Fermi Inc. $FRMI

Money Concepts Capital Corp purchased a new stake in shares of Fermi Inc. (NASDAQ:FRMI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,488 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Leonteq Securities AG purchased a new position in shares of Fermi in the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in Fermi during the fourth quarter valued at approximately $36,000. Aspect Partners LLC acquired a new stake in Fermi in the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in Fermi in the fourth quarter valued at approximately $41,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in Fermi in the first quarter worth $73,000.

Insiders Place Their Bets

In other Fermi news, insider Mesut Uzman sold 79,509 shares of Fermi stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $6.31, for a total transaction of $501,701.79. Following the completion of the sale, the insider owned 670,491 shares of the company’s stock, valued at approximately $4,230,798.21. The trade was a 10.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Richard Perry sold 863,637 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $7.31, for a total value of $6,313,186.47. Following the sale, the director owned 15,827,807 shares in the company, valued at approximately $115,701,269.17. The trade was a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,022,178 shares of company stock valued at $7,313,580 in the last 90 days.

More Fermi News

Here are the key news stories impacting Fermi this week:

• Negative Sentiment: Fermi priced an upsized $375 million convertible senior notes offering due 2031, which raises dilution concerns and adds to leverage. Fermi Inc. Prices Upsized Offering of $375 Million of Convertible Senior Notes – Dilution Offset Until 14.64 per Share
• Negative Sentiment: Multiple market reports say FRMI shares are under pressure after the company launched its convertible notes financing, with traders focusing on potential dilution rather than near-term growth catalysts. Fermi Shares Fall After Launching $350M Convertible Notes Offering
• Negative Sentiment: Unusually heavy call option activity suggests traders expect continued volatility, but it does not offset the negative reaction to the financing news.
• Neutral Sentiment: One report said Rep. Neugebauer dropped a meeting fight but will continue monitoring Fermi’s board, adding a governance headline without a clear operating impact. Neugebauer drops meeting fight but vows to monitor Fermi America Board

Fermi Price Performance

Fermi stock traded down $0.73 during mid-day trading on Friday, reaching $6.59. 72,369,843 shares of the company traded hands, compared to its average volume of 17,025,956. The firm’s fifty day moving average is $7.01 and its two-hundred day moving average is $7.63. The company has a market capitalization of $4.20 billion and a price-to-earnings ratio of -5.78. Fermi Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $36.99.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.25). As a group, equities research analysts predict that Fermi Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Fermi from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Evercore downgraded Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 target price on the stock. in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fermi in a research report on Thursday, July 2nd. UBS Group cut Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price target for the company. in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus lowered their price target on Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.44.

Fermi 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.