Eschler Asset Management LLP Makes New Investment in Sandisk Corporation $SNDK

Eschler Asset Management LLP bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,105 shares of the data storage provider’s stock, valued at approximately $2,512,000. Sandisk makes up about 4.5% of Eschler Asset Management LLP’s portfolio, making the stock its 9th largest holding.

Several other hedge funds have also made changes to their positions in the company. Trybe Capital Management LP acquired a new position in Sandisk in the 2nd quarter worth approximately $191,769,000. Legal & General Group Plc purchased a new position in Sandisk during the 2nd quarter worth approximately $1,236,765,000. The Manufacturers Life Insurance Company acquired a new stake in Sandisk during the 2nd quarter valued at $180,439,000. Fiduciary Financial Advisors acquired a new stake in Sandisk during the 2nd quarter valued at $252,000. Finally, Brandywine Managers LLC purchased a new stake in shares of Sandisk in the second quarter valued at $568,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand remains a major growth catalyst. Surging data-center revenue, multi-year contracts and improving revenue visibility have helped support Sandisk’s recent rally and could sustain demand for its storage products. SNDK Jumps 25% in a Month: Is there More Room for the Stock to Rise?
• Positive Sentiment: NAND pricing continues to benefit Sandisk. TrendForce expects prices to rise another 10% to 15% this quarter after an estimated 70% to 75% increase in the prior period; Sandisk indicated that higher pricing drove approximately two-thirds of its latest sequential revenue growth. Sandisk Rode an Estimated 70% Jump in NAND Prices
• Positive Sentiment: Sandisk was highlighted as a profitable company with strong net income and earnings growth. Its planned $14 billion share-repurchase authorization could provide additional support after the stock’s substantial 2026 advance. $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the 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 transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,800 shares of company stock worth $6,504,856 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Mizuho set a $1,900.00 price target on Sandisk in a research report on Friday, August 14th. Royal Bank Of Canada increased their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Bank of America raised their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, UBS Group reaffirmed an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Sandisk presently has a consensus rating of “Buy” and a consensus price target of $1,999.27.

Sandisk Stock Down 6.5%

Shares of NASDAQ:SNDK opened at $1,493.12 on Tuesday. The firm has a fifty day moving average of $1,643.27 and a two-hundred day moving average of $1,229.65. Sandisk Corporation has a 12-month low of $46.01 and a 12-month high of $2,354.39. The firm has a market capitalization of $218.62 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion for the quarter. During the same period last year, the company posted $0.29 earnings per share. The company’s revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Sandisk Company Profile

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.