Sandisk Corporation $SNDK Shares Newly Purchased by Oak Grove Capital LLC

Oak Grove Capital LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 700 shares of the data storage provider’s stock, valued at approximately $1,218,000.

Several other large investors also recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new position in Sandisk during the 1st quarter valued at approximately $25,000. Atomic Invest LLC purchased a new position in shares of Sandisk during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Sandisk during the first quarter valued at approximately $29,000. Dunhill Financial LLC purchased a new stake in Sandisk in the second quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Sandisk in the second quarter valued at $32,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNDK. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Wells Fargo & Company raised their price objective on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Bank of America upped their target price on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings raised Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Stock Down 1.7%

SNDK stock opened at $1,581.82 on Friday. Sandisk Corporation has a twelve month low of $116.17 and a twelve month high of $2,354.39. The firm has a market cap of $228.62 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.16 and a beta of 5.23. The business has a 50 day moving average of $1,593.00 and a 200 day moving average of $1,470.61.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 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 business had revenue of $8.96 billion for the quarter. During the same period last year, the firm 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. On average, research analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand supports the growth outlook. Analysts argue that expanding artificial-intelligence data centers could drive sustained demand for Sandisk’s flash storage, potentially extending the current growth cycle beyond a typical memory upturn. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Recent operating results remain exceptionally strong. Fiscal fourth-quarter revenue rose 372% year over year to approximately $8.97 billion, while gross margin reached 84.6%. The company also exceeded the earnings consensus and issued strong first-quarter fiscal 2027 guidance, reinforcing the bullish fundamental case. Sandisk Posted an 84.6% Margin Quarter
• Positive Sentiment: Mizuho raised its price target, citing demand from “agentic AI,” providing additional support for Sandisk and other memory stocks after the recent decline. Mizuho Raises SanDisk Price Target
• Neutral Sentiment: Short-interest data show no reported short position as of October 9, implying no measurable short-selling pressure in the cited figures. However, the report’s statement that short interest “increased” while totaling zero shares appears internally inconsistent. Short Interest Report
• Negative Sentiment: Memory-sector weakness is weighing on near-term trading. Samsung’s preliminary revenue miss raised concerns about memory demand and pricing, sending Micron, SK Hynix and Sandisk lower together. Investors are also watching higher Treasury yields, oil prices and profit-taking after Sandisk’s extraordinary one-year rally. The Memory Trade Cools After Samsung Results

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 4,712 shares of the 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 sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the sale, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock worth $121,159,122 in the last 90 days. 0.21% of the stock is owned by company insiders.

Sandisk 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.