Valliance Asset Management Ltd Has $202.25 Million Position in Sandisk Corporation $SNDK

Valliance Asset Management Ltd increased its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 92.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 88,949 shares of the data storage provider’s stock after buying an additional 42,619 shares during the period. Sandisk makes up 23.4% of Valliance Asset Management Ltd’s holdings, making the stock its biggest holding. Valliance Asset Management Ltd’s holdings in Sandisk were worth $202,246,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new position in shares of Sandisk in the second quarter worth about $317,000. Merit Financial Group LLC bought a new stake in shares of Sandisk during the third quarter valued at approximately $408,000. Dimensional Fund Advisors LP bought a new stake in shares of Sandisk during the third quarter valued at approximately $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk in the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in Sandisk in the 3rd quarter worth approximately $591,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Sandisk Stock Up 1.1%

Shares of Sandisk stock opened at $1,553.40 on Thursday. The business has a fifty day simple moving average of $1,565.94 and a 200 day simple moving average of $1,275.38. The stock has a market cap of $227.45 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a 12 month low of $50.65 and a 12 month high of $2,354.39.

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

Sandisk announced 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 buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Susquehanna decreased their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. began coverage on Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective for the company. Evercore reissued an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Finally, New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Sandisk has an average rating of “Buy” and a consensus target price of $1,998.14.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the transaction, the insider owned 29,884 shares in the company, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,800 shares of company stock worth $2,865,456. 0.21% of the stock is owned by company insiders.

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.