Silver Lake Group sells Dell shares worth $49.14 million

Silver Lake Group, a significant stakeholder in Dell Technologies Inc. (NYSE:DELL), recently sold a substantial portion of its holdings in the company. According to a recent filing, Silver Lake Group disposed of shares valued at approximately $49.14 million. The sales were executed at prices ranging from $122.79 to $124.52 per share. Dell, currently valued at $83.45 billion, has demonstrated strong market performance with a 57% return over the past year. InvestingPro analysis suggests the stock is currently fairly valued, with analyst price targets ranging from $115 to $220.

The transactions involved various entities within Silver Lake, including Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., and others. These sales were part of a series of transactions executed on January 6 and January 7, 2025.

Despite these sales, Silver Lake Group continues to hold a significant position in Dell Technologies. The transactions reflect the ongoing portfolio management strategies of Silver Lake, a prominent private equity firm based in Menlo Park, California.

In other recent news, Dell Technologies has unveiled a series of groundbreaking PC monitors and a revamped PC portfolio that integrates artificial intelligence (AI). The monitors, which include the world's first with enhanced IPS Black technology and QD-OLED panel, are designed to provide superior visual and auditory experiences. The AI-enhanced PC lineup aims to enhance user productivity and creativity.

In terms of financial performance, Dell 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.

Bernstein analysts at SocGen Group have maintained an Outperform rating on Dell's shares, reflecting confidence in the company's operational strengths. In addition, Dell has declared a quarterly cash dividend of $0.445 per common share, following a 20% increase in the company's annual cash dividend.

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.

These are the recent developments in Dell Technologies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.