Sandisk Corporation $SNDK Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,413 shares of the data storage provider’s stock after selling 1,669 shares during the quarter. HighTower Advisors LLC’s holdings in Sandisk were worth $30,498,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the first quarter worth $25,000. Greenline Wealth Management LLC acquired a new stake in Sandisk during the 4th quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in Sandisk in the 1st quarter valued at about $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk during the second quarter valued at about $30,000. Finally, Parallel Advisors LLC purchased a new stake in shares of Sandisk during the third quarter worth about $30,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Insiders Place Their Bets

In related news, insider Bernard Shek sold 2,308 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider owned 25,305 shares of the company’s stock, valued at $44,722,285.65. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president owned 44,134 shares in the company, valued at approximately $67,991,957.72. This represents a 9.65% 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. Insiders sold 9,220 shares of company stock worth $14,829,223 over the last quarter. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNDK shares. Wells Fargo & Company raised their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. UBS Group reissued an “overweight” rating and set a $1,750.00 price target on shares of Sandisk in a research report on Friday, August 14th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective on the stock. Finally, New Street Research set a $3,000.00 target price on shares of Sandisk in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has an average rating of “Buy” and an average target price of $1,998.14.

Sandisk Trading Down 0.1%

Shares of Sandisk stock opened at $1,737.99 on Wednesday. The stock has a market capitalization of $254.47 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a twelve month low of $69.57 and a twelve month high of $2,354.39. The business’s 50 day simple moving average is $1,526.40 and its 200-day simple moving average is $1,305.86.

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

Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.