Dell Technologies (NYSE:DELL) Trading Down 3.6% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) shares were down 3.6% on Friday . The company traded as low as $452.90 and last traded at $455.22. Approximately 3,922,370 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 8,072,210 shares. The stock had previously closed at $472.26.

More Dell Technologies News

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

• Positive Sentiment: AI server demand remains a major catalyst. Dell’s record $51.3 billion AI-optimized server backlog and continued data-center demand are expected to drive Infrastructure Solutions Group growth. Analysts project more than 100% year-over-year EPS growth and quarterly revenue of roughly $44 billion to $45 billion. Dell AI Server Backlog Article
• Positive Sentiment: Expectations for another earnings beat are supporting sentiment. Dell substantially exceeded estimates in its previous quarter, and analysts anticipate that AI infrastructure orders, enterprise PC demand and high-performance-computing partnerships will sustain momentum through fiscal 2027. Dell Earnings Outlook Article
• Neutral Sentiment: Options markets imply a sizable post-earnings move. Traders are preparing for heightened volatility after the September 1 report, with Dell trading near its recent high. The size of the expected move underscores the risk of a sharp reaction in either direction if results or guidance differ from expectations. Expected Dell Earnings Move Article
• Negative Sentiment: Potential semiconductor tariffs are pressuring the stock ahead of earnings. Proposed tariffs affecting servers and PCs could raise Dell’s costs, weaken demand or squeeze already modest server margins. Investors are also watching supply constraints and pricing pressure, particularly if Dell cannot build AI servers quickly enough to meet orders. Dell Semiconductor Tariff Concerns
• Negative Sentiment: High expectations increase the risk of disappointment. Dell’s strong year-to-date performance and elevated valuation mean investors may require a beat-and-raise outlook. Consensus estimates reportedly already exceed portions of management’s prior guidance, leaving less room for execution issues or cautious commentary. Dell Valuation and Server Capacity Article

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Dell Technologies in a research report on Wednesday, August 12th. The Goldman Sachs Group raised their price objective on shares of Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Citigroup upped their target price on shares of Dell Technologies from $475.00 to $515.00 and gave the company a “buy” rating in a report on Friday, July 24th. Daiwa Securities Group lifted their target price on Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Finally, TD Cowen upped their price target on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $485.24.

Dell Technologies Stock Down 3.6%

The stock has a fifty day moving average of $431.85 and a two-hundred day moving average of $295.17. The stock has a market cap of $295.03 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business’s revenue was up 87.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, research analysts expect that Dell Technologies Inc. will post 18.32 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $31,160,919.24. Following the sale, the director owned 67,990 shares in the company, valued at $30,836,184.60. This represents a 50.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the sale, the director owned 89,222 shares in the company, valued at $40,465,745.88. This represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,436,780 shares of company stock valued at $1,449,756,744 in the last 90 days. Insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Rossby Financial LCC grew 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 during the period. Navalign LLC acquired a new position in Dell Technologies during the fourth quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at $29,000. Finally, WealthCollab LLC grew its stake in shares of Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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.