Invst LLC Purchases New Shares in Sandisk Corporation $SNDK

Invst LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, Holdings Channel reports. The firm acquired 467 shares of the data storage provider’s stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNDK. Dunhill Financial LLC bought a new position in shares of Sandisk in the second quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Sandisk during the second quarter worth about $32,000. Kilter Group LLC bought a new position in Sandisk in the 2nd quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Sandisk in the 2nd quarter valued at approximately $34,000. Finally, Ramsey Quantitative Systems bought a new stake in shares of Sandisk during the 2nd quarter worth approximately $50,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SNDK shares. 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 research note on Wednesday, July 1st. Evercore reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, New Street Research set a $3,000.00 price objective on Sandisk in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Optimism about an AI-driven memory cycle is supporting Sandisk and other NAND stocks. Analysts and market commentators argue that data-center demand, multi-year contracts, and stronger NAND pricing could leave room for further upside. One Reason to Be Bullish on SanDisk Stock
• Positive Sentiment: Recent coverage highlights Sandisk’s potential path toward an 80% margin target and a possible “token-battery” advantage, leading to a rating upgrade despite concerns about the company’s valuation and cyclical exposure. Sandisk: The Hidden Mechanism Behind Its 80% Margin Target
• Positive Sentiment: Mizuho maintained an Outperform rating and trimmed its price target only slightly, to $1,875, implying substantial potential upside from the reference price. Mizuho price target update
• Positive Sentiment: Zacks identified SNDK as a strong momentum stock, while prior coverage pointed to rapid data-center revenue growth, AI demand, and improving earnings visibility. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Sandisk and other semiconductor stocks rebounded in premarket trading after Monday’s broad technology and memory-sector sell-off, but the recovery appears driven largely by sector sentiment rather than a new company-specific announcement. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Memory stocks remain under pressure after reports that Apple could source chips from Chinese suppliers, potentially increasing competition and weakening demand expectations for established suppliers. Samsung-related headwinds and profit-taking also weighed on the sector. Memory Stocks Slide on Apple Chinese Chip Report
• Negative Sentiment: Investors are also weighing Sandisk’s cyclicality and the sustainability of elevated NAND prices following a reported 70% jump in the prior period; TrendForce expects a more moderate 10%–15% increase this quarter, raising concerns about slowing price-driven growth. NAND Price Outlook

Sandisk Price Performance

Shares of Sandisk stock opened at $1,480.77 on Wednesday. Sandisk Corporation has a fifty-two week low of $46.75 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $216.81 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.15 and a beta of 5.20. The company’s 50 day moving average price is $1,633.05 and its two-hundred day moving average price is $1,235.96.

Sandisk (NASDAQ:SNDK) last announced its quarterly 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 net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion during the quarter. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a share repurchase 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 reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,800 shares of company stock valued at $6,504,856. Insiders own 0.21% of the company’s stock.

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.