Sandisk Corporation $SNDK Stock Position Boosted by UNICOM Systems Inc.

UNICOM Systems Inc. boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 58,500 shares of the data storage provider’s stock after purchasing an additional 7,600 shares during the period. Sandisk makes up 8.7% of UNICOM Systems Inc.’s investment portfolio, making the stock its 3rd largest holding. UNICOM Systems Inc.’s holdings in Sandisk were worth $133,013,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk in the first quarter valued at about $25,000. Whittier Trust Co. purchased a new position in shares of Sandisk during the fourth quarter worth about $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk in the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. purchased a new stake in Sandisk during the 1st quarter valued at approximately $29,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk reported adjusted EPS of $39.25 and revenue of approximately $8.97 billion, beating consensus estimates. Revenue increased 371.6% year over year, driven by stronger NAND pricing, higher volumes and a 437% surge in data-center revenue. SNDK Q4 Earnings Beat Estimates
• Positive Sentiment: The company authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence in the business and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
• Positive Sentiment: Bullish analysts argue that AI-driven storage demand, high-bandwidth flash products and long-term customer agreements could make SanDisk less cyclical. Contracts reportedly include roughly $93.9 billion in minimum revenue commitments, with some agreements backed by financial guarantees. SanDisk Upgrade
• Neutral Sentiment: Analyst opinion is divided. Some firms upgraded SanDisk and see substantial upside from AI infrastructure, while Jefferies reduced its price target to $1,750 from $3,000 because of NAND pricing and margin concerns, though it retained a Buy rating. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: Fiscal first-quarter revenue guidance of $10.3 billion to $10.8 billion was slightly below some Wall Street estimates. Investors interpreted the outlook as evidence that growth and pricing may be moderating, despite the quarterly beat. Why SanDisk Stock Is Falling
• Negative Sentiment: Investors are also questioning whether current margins can persist as SanDisk’s new business model gives up some near-term margin for longer-term volume, pricing discipline and visibility. The stock’s sharp prior advance has left little room for execution mistakes, while NAND oversupply or slower AI spending remains a major risk.

Sandisk Stock Down 3.7%

Shares of NASDAQ:SNDK opened at $1,212.21 on Friday. Sandisk Corporation has a 52 week low of $41.00 and a 52 week high of $2,354.39. The company has a 50-day moving average price of $1,699.98 and a 200 day moving average price of $1,148.38. The company has a market cap of $179.52 billion, a P/E ratio of 16.63 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 185.89 EPS for the current year.

Sandisk declared that its board has authorized a share buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on SNDK shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research report on Thursday. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Cantor Fitzgerald upped their price target on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Sandisk from $1,000.00 to $1,300.00 and gave the company a “sector perform” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,853.14.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,246 shares of company stock valued at $9,993,292 in the last three months. 0.21% of the stock is currently owned by company insiders.

About Sandisk

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.