Greenspring Advisors LLC Acquires Shares of 580 Sandisk Corporation $SNDK

Greenspring Advisors LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 580 shares of the data storage provider’s stock, valued at approximately $1,319,000.

A number of other hedge funds also recently made changes to their positions in the business. Dogwood Wealth Management LLC grew its position in Sandisk by 14.3% during the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after buying an additional 6 shares during the period. Castle Rock Wealth Management LLC increased its holdings in Sandisk by 2.4% during the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after buying an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Sandisk by 1.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock worth $1,755,000 after buying an additional 12 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after acquiring an additional 13 shares during the period. Finally, Versant Capital Management Inc raised its position in Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock worth $1,198,000 after acquiring an additional 13 shares during the period.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Melius Research set a $2,350.00 price objective on Sandisk in a research note on Monday, May 18th. Argus raised Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Three 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,999.27.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated 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 directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

Shares of SNDK stock opened at $1,600.62 on Friday. The company’s fifty day simple moving average is $1,663.24 and its two-hundred day simple moving average is $1,217.48. Sandisk Corporation has a 1 year low of $43.56 and a 1 year high of $2,354.39. The stock has a market capitalization of $234.36 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (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 firm had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the company earned $0.29 EPS. The company’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. Equities research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

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

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.