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Silver Lake, a major stakeholder in Dell Technologies Inc. (NYSE:DELL), recently sold a significant amount of Dell's Class C common stock. The transactions, filed on January 8, 2025, revealed sales totaling approximately $49.1 million. These sales occurred over two days, January 6 and January 7, with shares sold at prices ranging from $122.79 to $124.52 each. According to InvestingPro data, Dell's current market capitalization stands at $83.45 billion, with the stock currently trading near Fair Value levels.
The sales were executed by several Silver Lake affiliates, including Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P. This comes as part of a series of transactions involving the conversion of Class B common stock to Class C common stock, which were then sold. Dell's stock has shown remarkable strength, delivering a 57% return over the past year. InvestingPro analysis reveals that management has been actively buying back shares, demonstrating confidence in the company's prospects. Get access to 10+ additional exclusive ProTips and comprehensive analysis with InvestingPro.
Silver Lake, a prominent private equity firm, has been a long-standing investor in Dell Technologies, and these transactions reflect ongoing portfolio management activities. Despite the sales, Silver Lake continues to hold a substantial number of shares in Dell Technologies, maintaining its position in a company that has demonstrated high shareholder yield and consistent dividend growth over the past three years.
In other recent news, Dell Technologies has introduced an innovative lineup of PC monitors, including the world's first with enhanced IPS Black technology and QD-OLED panel. These monitors cater to a variety of users, from creative professionals to tech enthusiasts. The company has also unveiled a revamped PC portfolio that integrates artificial intelligence (AI), with devices from Intel (NASDAQ:INTC), AMD (NASDAQ:AMD), and Qualcomm (NASDAQ:QCOM) Technologies. This new lineup aims to enhance user productivity and creativity. Dell's AI server business has seen rapid expansion and now exceeds $10 billion.
Bernstein analysts at SocGen Group have maintained an Outperform rating on Dell's shares, reflecting confidence in the company's operational strengths. The company recently reported a 10% increase in third-quarter earnings, reaching $24.4 billion. This growth was primarily driven by the Infrastructure Solutions Group's focus on AI infrastructure and server solutions. Dell's earnings per share also rose to $2.15, marking a 14% year-over-year increase.
In other developments, xAI announced plans to expand its Colossus supercomputer facility in Memphis by adding over one million Graphics Processing Units (GPUs). This move, which involves Fortune 500 companies Nvidia (NASDAQ:NVDA), Dell, and Supermicro Computer, underscores Memphis's emerging status as a global hub for AI. Lastly, Dell Technologies has declared a quarterly cash dividend of $0.445 per common share, following a 20% increase in the company's annual cash dividend. These are recent developments in Dell Technologies.
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