Dell Target of Unusually High Options Trading (DELL)
Shares of Dell (NASDAQ:DELL) was the recipient of unusually large options trading activity on Thursday. Traders purchased 12,955 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 1,437% compared to the typical daily volume of 843 call options.
A number of research firms have recently commented on DELL. Analysts at Zacks upgraded shares of Dell (NASDAQ:DELL) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $15.00 price target on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Dell (NASDAQ:DELL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 1st. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.57.
Shares of Dell (NASDAQ:DELL) opened at 13.86 on Friday. Dell has a 52-week low of $8.69 and a 52-week high of $14.64. The stock’s 50-day moving average is $13.80 and its 200-day moving average is $13.61. The company has a market cap of $24.371 billion and a price-to-earnings ratio of 18.07.
Dell (NASDAQ:DELL) last announced its earnings results on Thursday, August 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.18 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Dell will post $0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, September 27th.
Dell, Inc (NASDAQ:DELL) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels.
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