Corient Private Wealth LP Takes $46.27 Million Position in Sandisk Corporation $SNDK

Corient Private Wealth LP bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent filing with the SEC. The fund bought 20,425 shares of the data storage provider’s stock, valued at approximately $46,269,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valley Wealth Managers Inc. bought a new position in Sandisk during the first quarter valued at about $25,000. Greenline Wealth Management LLC bought a new stake in Sandisk in the fourth quarter worth about $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk in the fourth quarter worth about $27,000. IMG Wealth Management Inc. purchased a new position in Sandisk in the first quarter valued at about $29,000. Finally, Dunhill Financial LLC purchased a new position in Sandisk in the second quarter valued at about $30,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
• Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
• Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
• Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
• Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
• Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SNDK shares. New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $2,900.00 target price on shares of Sandisk in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Sandisk Stock Down 1.0%

Shares of NASDAQ:SNDK opened at $1,484.95 on Friday. The firm has a market capitalization of $217.43 billion, a PE ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20. The company has a 50-day moving average price of $1,609.87 and a two-hundred day moving average price of $1,248.71. Sandisk Corporation has a twelve month low of $48.56 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction 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 sale, the executive vice president 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bernard Shek sold 600 shares of the stock in a transaction on 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 sale, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. 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 a total of 3,800 shares of company stock valued at $6,504,856 over the last quarter. 0.21% of the stock is owned by company insiders.

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.