|Bid||0.00 x 800|
|Ask||98.60 x 1100|
|Day's Range||95.97 - 98.12|
|52 Week Range||37.20 - 98.12|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||23.18|
|Earnings Date||May 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||105.12|
Dell Technologies Inc’s (NYSE: DELL) Michael S. Dell expects the semiconductor chip crisis to extend for several years despite the construction of global factories, Reuters reports based on a statement to Germany’s Handelsblatt newspaper. The crisis will loom for older and cheaper semiconductors, especially those available at the one-dollar range used practically everywhere. He also expressed concerns over the availability of newer technologies. The pandemic-induced demand surge for electronic gadgets triggered a chip crisis for items ranging from cars to computers and smartphones. Dell has to pay a premium to secure supply despite accounting for an annual order volume of $70 billion. Intel Corp (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) also estimate the crisis to extend beyond 2021. Other companies expressing concerns over the crisis include Qualcomm Inc (NASDAQ: QCOM) for its smartphone and gadget processor chips, Germany’s Robert Bosch GmbH, AutoNation Inc (NYSE: AN) due to the lack of crisis resolution. Price action: DELL shares closed lower by 1.37% at $99.68 on Monday. See more from BenzingaClick here for options trades from BenzingaDell To Sell iPaaS Provider Boomi For B© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies told Germany's Handelsblatt newspaper. A surge in demand for electronic devices, coupled with U.S. sanctions against Chinese technology firms, has caused a dearth of the chips, crimping output of items ranging from cars to computers and smartphones. "The shortage will probably continue for a few years," Michael Dell said in an interview published on Tuesday.
Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence. The server and laptop assembler officially confirmed in a press release that it would be spinning off its near-81% stake in hyper-converged software company VMware (NYSE: VMW) after September of this year. While Dell had first announced its intention to make this move last summer, the new confirmation also provided more concrete details about the transaction, which included very good news for Dell shareholders.