L2 Asset Management LLC Makes New Investment in Sandisk Corporation $SNDK

L2 Asset Management LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 796 shares of the data storage provider’s stock, valued at approximately $1,810,000.

A number of other hedge funds have also recently made changes to their positions in SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth about $317,000. Merit Financial Group LLC bought a new position in Sandisk in the 3rd quarter valued at about $408,000. Dimensional Fund Advisors LP acquired a new position in Sandisk during the 3rd quarter valued at about $100,080,000. First Trust Advisors LP acquired a new position in Sandisk during the 3rd quarter valued at about $9,788,000. Finally, Blair William & Co. IL bought a new stake in Sandisk during the 3rd quarter worth approximately $591,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand remains a major growth catalyst. Surging data-center revenue, multi-year contracts and improving revenue visibility have helped support Sandisk’s recent rally and could sustain demand for its storage products. SNDK Jumps 25% in a Month: Is there More Room for the Stock to Rise?
• Positive Sentiment: NAND pricing continues to benefit Sandisk. TrendForce expects prices to rise another 10% to 15% this quarter after an estimated 70% to 75% increase in the prior period; Sandisk indicated that higher pricing drove approximately two-thirds of its latest sequential revenue growth. Sandisk Rode an Estimated 70% Jump in NAND Prices
• Positive Sentiment: Sandisk was highlighted as a profitable company with strong net income and earnings growth. Its planned $14 billion share-repurchase authorization could provide additional support after the stock’s substantial 2026 advance. $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated 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 owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 business’s stock in a transaction dated 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 sale, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 in the last ninety days. Insiders own 0.21% of the company’s stock.

Sandisk Trading Down 6.5%

NASDAQ:SNDK opened at $1,493.12 on Tuesday. Sandisk Corporation has a 12 month low of $46.01 and a 12 month high of $2,354.39. The firm’s 50 day moving average is $1,643.27 and its 200 day moving average is $1,229.65. The stock has a market capitalization of $218.62 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating 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 period last year, the company posted $0.29 earnings per share. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has initiated a stock repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings cut Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. Morgan Stanley increased their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Three equities 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. According to MarketBeat.com, Sandisk presently has an average rating of “Buy” and an average target price of $1,999.27.

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.