Silver Lake Group, L.L.C., a major stakeholder in Dell Technologies Inc. (NYSE:), recently reported significant stock sales totaling approximately $148 million. The transactions, executed on December 6, 2024, involved the sale of Dell’s Class C Common Stock at prices ranging from $123.00 to $124.49 per share. The sales come amid Dell’s impressive 83% stock surge over the past year, with the company now commanding a market capitalization of $86.7 billion.
The sales were carried out by several entities within the Silver Lake investment group, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P. These sales resulted in substantial reductions in their respective holdings of Dell’s Class C Common Stock. According to InvestingPro analysis, Dell’s stock is currently trading near its Fair Value, with analyst price targets ranging from $115 to $220 per share.
The transactions highlight Silver Lake’s ongoing strategic management of its investment portfolio in Dell Technologies, where it holds significant influence as a key shareholder. InvestingPro has identified 13 additional key investment factors for Dell, including strong shareholder returns and future growth potential. Access the comprehensive Pro Research Report for detailed analysis of Dell’s financial health and market position.
In other recent news, Dell Technologies 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. The company also announced a 20% increase in its annual cash dividend, declaring a quarterly cash dividend of $0.445 per common share.
In relation to equity sales, Dell issued 25 million Class C common shares upon the conversion of an equal number of Class A common shares by CEO Michael Dell. Analyst firms including TD Cowen, Mizuho (NYSE:) Securities, Goldman Sachs, and Citi provided their ratings on Dell, with most maintaining positive outlooks despite some adjustments in price targets.
In the AI sector, xAI announced plans to expand its Colossus supercomputer facility in Memphis by adding over one million Graphics Processing Units (GPUs). This significant development is expected to establish Memphis as a global hub for artificial intelligence.
These are recent developments that reflect the strategic focus of Dell Technologies on AI infrastructure and server solutions, which has resulted in substantial growth in its Infrastructure Solutions Group’s revenue. Despite a slight decrease in the Client Solutions Group revenue, Dell remains optimistic for fiscal year 2026, expecting growth in PC and server refresh cycles and increased demand for AI servers.
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