Silver Lake Group sells Dell shares value $49.14 million

Silver Lake Group, a major stakeholder in Dell Applied sciences Inc. (NYSE:DELL), not too long ago offered a considerable portion of its holdings within the firm. Based on a latest submitting, Silver Lake Group disposed of shares valued at roughly $49.14 million. The gross sales have been executed at costs starting from $122.79 to $124.52 per share. Dell, at the moment valued at $83.45 billion, has demonstrated robust market efficiency with a 57% return over the previous 12 months. InvestingPro evaluation suggests the inventory is at the moment pretty valued, with analyst value targets starting from $115 to $220.

The transactions concerned varied entities inside Silver Lake, together with Silver Lake Companions IV, L.P., Silver Lake Know-how Traders IV, L.P., and others. These gross sales have been a part of a collection of transactions executed on January 6 and January 7, 2025.

Regardless of these gross sales, Silver Lake Group continues to carry a major place in Dell Applied sciences. The transactions replicate the continued portfolio administration methods of Silver Lake, a distinguished non-public fairness agency based mostly in Menlo Park, California.

In different latest information, Dell Applied sciences has unveiled a collection of groundbreaking PC screens and a revamped PC portfolio that integrates synthetic intelligence (AI). The screens, which embody the world’s first with enhanced IPS Black know-how and QD-OLED panel, are designed to supply superior visible and auditory experiences. The AI-enhanced PC lineup goals to boost consumer productiveness and creativity.

By way of monetary efficiency, Dell not too long ago reported a ten% improve in third-quarter earnings, reaching $24.4 billion. This progress was primarily pushed by the Infrastructure Options Group’s give attention to AI infrastructure and server options. Dell’s earnings per share additionally rose to $2.15, marking a 14% year-over-year improve.

Bernstein analysts at SocGen Group have maintained an Outperform score on Dell’s shares, reflecting confidence within the firm’s operational strengths. As well as, Dell has declared a quarterly money dividend of $0.445 per frequent share, following a 20% improve within the firm’s annual money dividend.

In different developments, xAI introduced plans to broaden its Colossus supercomputer facility in Memphis by including over a million Graphics Processing Items (GPUs). This transfer, which entails Fortune 500 corporations Nvidia (NASDAQ:NVDA), Dell, and Supermicro Pc, underscores Memphis’s rising standing as a world hub for AI.

These are the latest developments in Dell Applied sciences.

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