Navellier & Associates Inc. Purchases 399 Shares of Sandisk Corporation $SNDK

Navellier & Associates Inc. increased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 41.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,363 shares of the data storage provider’s stock after acquiring an additional 399 shares during the quarter. Navellier & Associates Inc.’s holdings in Sandisk were worth $3,099,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new position in Sandisk during the first quarter worth about $25,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the 4th quarter valued at about $27,000. IMG Wealth Management Inc. bought a new stake in shares of Sandisk during the 1st quarter valued at about $29,000. Finally, Dunhill Financial LLC purchased a new position in shares of Sandisk during the second quarter worth about $30,000.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 sale 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 on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is currently owned by company insiders.

Sandisk Price Performance

NASDAQ SNDK opened at $1,484.98 on Friday. The stock has a market capitalization of $217.43 billion, a PE ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a 1 year low of $50.07 and a 1 year high of $2,354.39. The business’s 50-day moving average is $1,595.87 and its 200 day moving average is $1,250.36.

Sandisk (NASDAQ:SNDK) last posted its 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 return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNDK. Wedbush restated an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Citigroup dropped their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,998.14.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

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.