Retirement Stock Portfolio: 12 Safe Tech Stocks To Consider

2. Dell Technologies Inc. (NYSE:DELL)

Beta Value: 0.90

Dividend Yield: 1.40%

Number of Hedge Fund Holders: 88

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, and supports a wide range of information technology infrastructure, including laptops, desktops, mobile devices, workstations, storage solutions, software, and cloud services.

In Q2 of fiscal 2025, Dell Technologies Inc. (NYSE:DELL) reported $25.03 billion in revenue, a 9.12% increase year-over-year despite headwinds from exiting the VMware resale business. The combined Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG) grew by 12%. The company recorded $3.2 billion in orders, driven primarily by Tier-2 cloud service providers, and shipped $3.1 billion worth of AI servers during the quarter. Additionally, management incurred a $328 million charge related to workforce reductions.

Moreover, Deutsche Bank resumed coverage of Dell Technologies Inc. (NYSE:DELL) with a Buy rating and a price target of $144, suggesting a 14% upside from current levels. The firm’s optimistic outlook is based on three key factors: expected acceleration in top-line growth across servers, storage, and commercial PCs; projected double-digit growth in the company’s bottom line supported by revenue gains and operational expenditure management; and Dell’s clear capital allocation strategy, which emphasizes returning the majority of its free cash flow (FCF) to shareholders. Analysts predict adjusted FCF to grow from $4.8 billion in FY25 to $7.4 billion by FY28, with 85% of that returned through dividends and share buybacks.

In Q2 2024, 88 hedge funds held stakes in Dell Technologies Inc. (NYSE:DELL), with total positions valued at $2.9 billion. Coatue Management emerged as the largest shareholder, holding over $1 billion in shares.