Dell Technologies (NYSE:DELL) Trading Up 16.7% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL) shares rose 16.7% during mid-day trading on Friday . The stock traded as high as $298.32 and last traded at $294.97. Approximately 15,078,090 shares were traded during mid-day trading, an increase of 89% from the average daily volume of 7,961,568 shares. The stock had previously closed at $252.80.

Dell Technologies News Summary

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Analysts have turned increasingly bullish, with several firms raising price targets and reaffirming Buy ratings ahead of Dell’s May 28 earnings report, citing strong AI server demand and improving PC trends. Dell set to deliver beat and raise for Q1, says Bank of America
• Positive Sentiment: Investors are betting Dell will post another blockbuster quarter, with expectations for revenue and earnings growth supported by its large AI server backlog and strong enterprise AI positioning. Dell stock rallies as analysts show love ahead of Q1 earnings
• Positive Sentiment: Recent coverage highlights Dell’s stock reaching a fresh all-time high/52-week high as AI-related enthusiasm and momentum buying continue to build into earnings. Dell Stock Surges Ahead Of AI-Driven Fiscal Q1 Report
• Positive Sentiment: Unusual options activity showed heavy call buying, suggesting traders are positioning for further upside into the earnings release.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Citigroup boosted their price objective on shares of Dell Technologies from $180.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wolfe Research initiated coverage on shares of Dell Technologies in a report on Thursday, April 9th. They issued a “peer perform” rating on the stock. Bank of America boosted their price objective on shares of Dell Technologies from $246.00 to $280.00 and gave the company a “buy” rating in a report on Monday. Truist Financial initiated coverage on shares of Dell Technologies in a report on Tuesday, March 31st. They issued a “hold” rating and a $170.00 price objective on the stock. Finally, Daiwa Securities Group boosted their price objective on shares of Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $211.32.

Dell Technologies Price Performance

The company has a market capitalization of $190.48 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.99. The stock’s 50 day simple moving average is $196.18 and its 200-day simple moving average is $152.21.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, equities analysts predict that Dell Technologies Inc. will post 11.87 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st were given a dividend of $0.63 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, April 21st. Dell Technologies’s dividend payout ratio is presently 28.90%.

Insider Transactions at Dell Technologies

In other news, Director Ellen Jamison Kullman sold 150,346 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the completion of the transaction, the director directly owned 65,662 shares of the company’s stock, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Corporate insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth about $25,000. Rossby Financial LCC boosted its holdings in Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in Dell Technologies in the first quarter valued at approximately $35,000. Kemnay Advisory Services Inc. acquired a new position in Dell Technologies in the fourth quarter valued at approximately $29,000. Finally, Navalign LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $29,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.