Oriental Harbor Investment Master Fund Acquires Shares of 77,276 Sandisk Corporation $SNDK

Oriental Harbor Investment Master Fund bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,276 shares of the data storage provider’s stock, valued at approximately $175,705,000. Sandisk accounts for about 10.7% of Oriental Harbor Investment Master Fund’s portfolio, making the stock its 4th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its stake in Sandisk by 35.1% in the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after purchasing an additional 14,964 shares during the last quarter. Allworth Financial LP grew its stake in shares of Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after buying an additional 2,067 shares during the last quarter. Tredje AP fonden bought a new position in shares of Sandisk during the fourth quarter valued at approximately $7,821,000. ProShare Advisors LLC raised its holdings in shares of Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after buying an additional 31,237 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Sandisk in the fourth quarter worth approximately $422,000.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,568.87 on Thursday. The firm has a market capitalization of $229.71 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 0.16 and a beta of 5.20. The stock has a 50 day moving average price of $1,668.86 and a 200 day moving average price of $1,210.26. Sandisk Corporation has a 52-week low of $43.20 and a 52-week high of $2,354.39.

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

Sandisk declared that its board has approved a share repurchase plan 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 buy up to 6.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SNDK shares. JPMorgan Chase & Co. started coverage on Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective for the company. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Evercore reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on shares of 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. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,999.27.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks rebounded in early trading after SK Hynix approved a roughly $29 billion share buyback and treasury-share cancellation. The broader sector strength provided support for Sandisk and reinforced investor confidence in favorable memory-market conditions. SK Hynix Rises 6% on $29B Buyback, SanDisk Gains 5%, Micron Climbs 3% as Memory Names Rebound
• Positive Sentiment: Analysts and investors continue to highlight Sandisk’s AI-driven flash-storage demand and its shift toward contract-based sales. The strategy could make NAND revenue and margins more predictable, with management targeting gross margins near 80% and substantial free-cash-flow generation over the long term. From Commodity to Cash Machine? Sandisk Targets 80% Margins in AI Storage Boom
• Neutral Sentiment: Sandisk’s international revenue performance and strong recent earnings remain important factors in Wall Street forecasts, but the stock’s exceptional one-year gain has created disagreement among hedge funds over whether the long-term growth outlook justifies the valuation. Sandisk Corporation International Revenue Performance Explored
• Neutral Sentiment: Technical analysts see major resistance levels ahead, leaving the shares vulnerable to further consolidation unless they regain key support levels. Sandisk Price Forecast: Can SNDK Defend Its Recovery?
• Negative Sentiment: Investors are questioning earnings quality after reports indicated that approximately two-thirds of Sandisk’s record revenue growth came from pricing rather than volume. That raises concerns about how durable results will be if NAND prices moderate ahead of the company’s technology-day presentations. SanDisk Drops Before OCP Korea Tech Day
• Negative Sentiment: David Tepper’s Appaloosa disclosed that it sold all 281,250 Sandisk shares held at the end of the prior quarter, during the period when the stock reached its record high. The sale adds to profit-taking concerns after the parabolic advance. David Tepper Sold His Entire Sandisk Stake
• Negative Sentiment: Higher Treasury yields and a broader rotation away from crowded AI and semiconductor trades have pressured memory stocks, including Sandisk, Micron and Western Digital. The sector’s high beta makes SNDK particularly sensitive to changes in risk appetite. Higher Rates Test the Memory Boom

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s 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 completion of the sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,800 shares of company stock valued at $6,504,856 over the last quarter. Company insiders own 0.21% of the company’s stock.

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.