Sandisk Corporation $SNDK Stock Purchased by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its position in Sandisk Corporation (NASDAQ:SNDK) by 301.0% in the third quarter, HoldingsChannel reports. The firm owned 1,965 shares of the data storage provider’s stock after buying an additional 1,475 shares during the period. Kercheville Advisors LLC’s holdings in Sandisk were worth $3,419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. OceanIQ Capital LLC purchased a new stake in shares of Sandisk in the 3rd quarter valued at approximately $271,000. LexAurum Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $400,000. Quantum Financial Partners LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $299,000. Optivise Advisory Services LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $300,000. Finally, IFP Advisors Inc grew its position in Sandisk by 49.5% in the third quarter. IFP Advisors Inc now owns 1,923 shares of the data storage provider’s stock worth $3,346,000 after acquiring an additional 637 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SNDK shares. Rosenblatt Securities initiated coverage on Sandisk in a research note on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 target price for the company. Royal Bank Of Canada upped their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Wedbush reiterated an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Insider Transactions at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the transaction, the executive vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,899 shares of company stock worth $121,159,122 over the last quarter. 0.29% of the stock is owned by corporate insiders.

Sandisk Stock Up 5.5%

NASDAQ:SNDK traded up $71.82 during trading hours on Monday, reaching $1,371.12. 8,470,334 shares of the stock were exchanged, compared to its average volume of 15,056,086. The business has a 50-day moving average of $1,606.27 and a two-hundred day moving average of $1,508.64. Sandisk Corporation has a twelve month low of $142.76 and a twelve month high of $2,354.39. The company has a market capitalization of $198.17 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.13 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last released its quarterly 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 during the quarter. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’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, research analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks broadly recovered as fears about excessive AI spending eased. SanDisk was among the strongest performers, alongside Micron and SK Hynix, as investors bought the sector after its recent decline. Memory Stocks Rally as Tech Selloff Unwinds
• Positive Sentiment: Several reports characterized SanDisk as technically oversold after falling 27.5% over four weeks. Higher Wall Street earnings estimates and expectations for a trend reversal added to the rebound case. SanDisk Looks Ripe for a Turnaround
• Positive Sentiment: Zacks upgraded SNDK to Rank #1, or “Strong Buy,” citing improving earnings prospects. The upgrade may attract additional near-term buying interest. SanDisk Upgraded to Strong Buy
• Positive Sentiment: Investors are also focusing on Nvidia’s NVHBM technology, which could standardize high-bandwidth memory connections and support longer-term demand for memory suppliers. Why SanDisk Stock Shot Higher Today
• Neutral Sentiment: SanDisk’s strong cash generation and low forward-earnings valuation look attractive relative to some semiconductor peers, but the company’s earnings remain exposed to memory pricing and industry cyclicality.
• Negative Sentiment: China’s CXMT reported a memory-chip technology breakthrough, raising concerns that additional Chinese NAND supply could intensify competition, pressure prices and reduce SanDisk’s unusually strong recent profit margins. Micron and SanDisk Rebound While CXMT Slides
• Negative Sentiment: Analysts cautioned that recent profits were driven largely by higher memory prices, making the stock vulnerable if supply increases or the broader AI trade weakens. Investors are also watching the company’s October 29 event for further guidance.

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.