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 recent filing, McGill sold a total of 8,000 shares of Dell's Class C common stock on November 22, 2024. The shares were sold at prices ranging from $142.36 to $143.96, resulting in a total transaction value of approximately $1.15 million.
Following these transactions, McGill retains direct ownership of 236,419 shares. Additionally, she indirectly owns 7,567 shares through her spouse. The sales were executed as part of a pre-established Rule 10b5-1 trading plan, which was adopted earlier this year on June 4, 2024.
In other recent news, Dell Technologies has maintained strong ratings from several financial firms, with BofA Securities and Citi keeping a Buy rating and Mizuho (NYSE:MFG) Securities and Evercore ISI continuing with an Outperform rating. Dell's third fiscal quarter 2025 revenue and earnings per share (EPS) projections are $24.7 billion and $2.06 respectively, according to BofA Securities. This forecast surpasses Dell's guidance midpoint and consensus estimates.
The company's focus on expanding artificial intelligence (AI) capabilities has been noted, with new servers and services introduced to simplify AI adoption for enterprises. Dell has also collaborated with NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD) to accelerate enterprise AI adoption. The company recently issued $1.5 billion in senior notes as part of its strategy to manage its debt profile effectively.
Analysts from various firms have provided their outlooks, with Susquehanna issuing a Neutral rating due to concerns about the uncertain economic returns of AI hardware. The company's financial outlook does not currently include the expected ramp-up of AI server revenue, suggesting potential upside to AI server revenue targets. These are recent developments at Dell Technologies.
InvestingPro Insights
Dell Technologies Inc. (NYSE:DELL) has been experiencing a strong market performance, as evidenced by its recent stock price movements and financial metrics. According to InvestingPro data, Dell's stock has shown impressive returns, with a 96.73% price total return over the past year and a 91.36% return year-to-date. This robust performance aligns with the timing of CFO Yvonne McGill's recent stock sale, potentially indicating a strategic decision to capitalize on the company's current market strength.
Despite the recent insider sale, Dell's financial position appears solid. The company boasts a substantial market capitalization of $99.5 billion and has demonstrated profitability over the last twelve months. An InvestingPro Tip highlights that Dell's management has been aggressively buying back shares, which could be seen as a sign of confidence in the company's future prospects and may help support the stock price.
Another noteworthy InvestingPro Tip reveals that Dell has raised its dividend for three consecutive years, currently offering a dividend yield of 1.23%. This consistent dividend growth, coupled with the company's high shareholder yield, suggests a commitment to returning value to shareholders, which may be attractive to long-term investors.
For readers interested in a more comprehensive analysis, InvestingPro offers 13 additional tips on Dell Technologies, providing a deeper insight into the company's financial health and market position.
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