3,148 Sandisk Corporation $SNDK Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Sandisk Corporation (NASDAQ:SNDK) by 161.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,099 shares of the data storage provider’s stock after acquiring an additional 3,148 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sandisk were worth $8,872,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SNDK. Atomic Invest LLC purchased a new stake in Sandisk during the 2nd quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Sandisk during the second quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Sandisk during the second quarter valued at $32,000. Kilter Group LLC bought a new stake in Sandisk during the second quarter valued at $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Sandisk during the second quarter worth about $34,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNDK shares. BNP Paribas Exane decreased their target price on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Argus upgraded 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. Wedbush reiterated an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. Finally, Arete Research upped their price objective on shares of Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $2,093.73.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. 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 valued at $121,159,122 over the last quarter. 0.29% of the stock is owned by company insiders.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong earnings expectations: Analysts expect revenue growth supported by artificial-intelligence infrastructure demand, higher NAND pricing and expanding data-center sales. Management’s prior guidance called for approximately 18% sequential revenue growth at the midpoint, while the company’s Q1 EPS outlook is $44–$46. Pre-Q1 Earnings: Is Sandisk Stock a Portfolio Must-Have?
• Positive Sentiment: Analyst support remains favorable: Wedbush rated SNDK a buy ahead of the report, and Cantor Fitzgerald maintained an overweight rating despite reducing its price target from $2,900 to $2,200. Bullish analysts point to long-term hyperscaler agreements and margin protections that could improve earnings visibility through 2029–2030. SanDisk Stock Is a Buy, Says Wedbush
• Positive Sentiment: Memory-sector momentum: A Bank of America note reportedly said customers are locking in memory supply for multiple years, helping lift memory and storage stocks. This reinforces the view that tight supply and AI-related demand could support pricing. Bank of America Grows More Positive on Memory

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,304.84 on Wednesday. The firm has a market capitalization of $188.59 billion, a PE ratio of 17.90 and a beta of 5.23. Sandisk Corporation has a 52-week low of $164.56 and a 52-week high of $2,354.39. The firm has a fifty day moving average of $1,576.10 and a 200 day moving average of $1,236.92.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. During the same quarter last year, the firm earned $0.29 EPS. 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, sell-side analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 5th that allows the company to buy back $14 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.

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.