Focus Partners Advisor Solutions LLC Makes New Investment in Sandisk Corporation $SNDK

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,100 shares of the data storage provider’s stock, valued at approximately $4,775,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new stake in shares of Sandisk in the 1st quarter worth about $25,000. Whittier Trust Co. bought a new position in Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk in the fourth quarter valued at about $27,000. Finally, IMG Wealth Management Inc. acquired a new position in Sandisk in the first quarter valued at about $29,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

Analysts Set New Price Targets

SNDK has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. 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 report on Wednesday, July 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on Sandisk in a research report on Friday. They issued an “overweight” rating and a $2,250.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Sandisk has an average rating of “Buy” and an average price target of $1,999.27.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’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 value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is currently owned by company insiders.

Sandisk Trading Up 7.4%

SNDK opened at $1,641.11 on Friday. The stock has a market capitalization of $243.03 billion, a PE ratio of 22.51, a PEG ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a 1-year low of $42.82 and a 1-year high of $2,354.39. The firm has a 50-day moving average price of $1,667.87 and a two-hundred day moving average price of $1,181.08.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $0.29 earnings per share. 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. On average, research analysts predict that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding 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 a sign that the company’s leadership 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.