Yvonne McGill, the Chief Financial Officer of Dell Technologies Inc. (NYSE:DELL), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, McGill sold a total of 7,000 shares of Dell's Class C common stock on December 2nd. The sale comes as Dell's stock has shown remarkable strength, posting an 84% return over the past year. According to InvestingPro data, the company currently trades near its Fair Value, with analysts setting price targets between $115 and $220. The transactions were executed at prices ranging from $124.33 to $127.34 per share, amounting to approximately $1,006,590 in total proceeds.
Following these sales, McGill retains direct ownership of 228,419 shares of Dell Technologies. Additionally, there is an indirect holding of 7,567 shares owned by her spouse. The sales were carried out under a pre-arranged trading plan, as indicated in the filing.
In other recent news, Dell Technologies has announced an increased quarterly cash dividend, reflecting the company's commitment to shareholder value. The technology giant also reported the issuance of 25 million Class C common shares, as part of internal restructuring efforts to optimize capital allocation.
Dell has seen a 10% rise in total revenue to $24.4 billion, primarily driven by the Infrastructure Solutions Group's focus on AI infrastructure and server solutions. Despite a slight decrease in the Client Solutions Group revenue, the company remains optimistic for fiscal year 2026, expecting growth in PC and server refresh cycles and increased demand for AI servers.
Analyst assessments from TD Cowen, Mizuho (NYSE:MFG) Securities, Goldman Sachs, and Citi have maintained positive ratings on Dell, adjusting their price targets accordingly. TD Cowen maintains its Hold rating on Dell, citing underperformance in the PC segment and delayed revenue from AI initiatives. Meanwhile, Citi maintains its Buy rating but reduces the price target to $156, tying Dell's stock recovery to a robust AI pipeline and server momentum.
These recent developments highlight Dell's strategic focus on AI infrastructure and server solutions, contributing to a significant surge in its Infrastructure Solutions Group's revenue. Despite a slight miss in Q3 earnings, Dell recorded a record $3.6 billion in AI server orders, indicating strong market demand. The company's AI server order pipeline also showed significant improvement, now estimated to be between $15 billion and $20 billion.
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