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Silver Lake, a prominent investment firm, executed significant stock transactions involving Dell Technologies Inc. (NYSE:DELL) on June 12, 2025. The firm sold a substantial amount of Dell’s Class C Common Stock, amounting to a total of $59,482,509, at a price of $112.83 per share. The stock currently trades at $113.74, with InvestingPro analysis indicating the company is slightly undervalued based on its Fair Value assessment.
The transactions were conducted through various Silver Lake entities, including Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P. These sales resulted in a reduction of shares held in these entities, reflecting the firm’s strategic financial maneuvers.
In addition to the sales, the report also noted the conversion of Class B Common Stock into Class C Common Stock. However, these conversions did not involve monetary transactions and were conducted at no cost.
The transactions highlight Silver Lake’s ongoing involvement and strategic decisions concerning its investment in Dell Technologies, where it holds a significant stake.
In other recent news, Dell Technologies has made headlines with several key developments. The company reported a substantial $12 billion in AI server orders during the first quarter, boosting its backlog to $14.4 billion. Analysts from UBS noted that while the first-quarter performance fell short of expectations in AI server revenue and gross margins, the firm remains optimistic about Dell’s potential to exceed $15 billion in AI revenue by fiscal year 2026. Meanwhile, TD Cowen raised Dell’s stock price target to $125, citing robust AI server orders and strong Commercial PC sales as contributing factors.
Goldman Sachs maintained a Buy rating with a $130 target, highlighting Dell’s strength in AI server orders and share buybacks, despite a miss in earnings per share and a lowered EBIT outlook. Aletheia Capital also reiterated a Buy rating with a $150 price target, expressing confidence in Dell’s market potential. However, the company faces challenges with the U.S. government’s push to reduce federal contract spending, as the General Services Administration has urged Dell and others to justify their contracts and cut costs. This scrutiny could introduce additional challenges for Dell and other tech firms in the coming year.
Dell’s fiscal year 2026 revenue outlook remains at $101-105 billion, with an EPS target of $9.40, adjusted by plus or minus $0.15. The company has shown resilience with a record $1.98 billion in share buybacks, reflecting confidence in its stock. Despite these positive indicators, Dell’s Infrastructure Solutions Group experienced lower-than-expected profits, prompting a revised EBIT forecast for fiscal 2026.
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