RD Finance Ltd Buys New Shares in Sandisk Corporation $SNDK

RD Finance Ltd bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 493 shares of the data storage provider’s stock, valued at approximately $858,000. Sandisk comprises 0.8% of RD Finance Ltd’s investment portfolio, making the stock its 23rd largest position.

A number of other large investors have also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk during the 1st quarter valued at $25,000. Atomic Invest LLC bought a new stake in shares of Sandisk during the 2nd quarter worth $25,000. Hilton Head Capital Partners LLC boosted its stake in shares of Sandisk by 650.0% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 15 shares of the data storage provider’s stock worth $26,000 after acquiring an additional 13 shares in the last quarter. IMG Wealth Management Inc. acquired a new stake in Sandisk during the 1st quarter worth about $29,000. Finally, Dunhill Financial LLC purchased a new stake in Sandisk during the second quarter valued at about $30,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

Insiders Place Their Bets

In other news, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was 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 directly owned 44,134 shares of the company’s stock, valued at $67,991,957.72. This trade represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several recent analyst reports. Cantor Fitzgerald decreased their target price on shares of Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank Of Canada lifted their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Raymond James Financial boosted their price target on shares of Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target for the company in a research report on Monday, August 10th. Finally, Bank of America upped their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,093.73.

Sandisk Trading Up 1.4%

Shares of SNDK stock opened at $1,255.58 on Tuesday. Sandisk Corporation has a 1-year low of $164.56 and a 1-year high of $2,354.39. The company has a market capitalization of $181.47 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 0.12 and a beta of 5.23. The stock’s fifty day simple moving average is $1,593.45 and its 200-day simple moving average is $1,227.63.

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, 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 firm’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk declared that its Board of Directors has approved a share buyback plan on Wednesday, August 5th that authorizes the company to buy back $14 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Share buyback plans 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.