N10 Assets LLC Makes New Investment in Sandisk Corporation $SNDK

N10 Assets LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,199 shares of the data storage provider’s stock, valued at approximately $11,821,000. Sandisk accounts for about 5.1% of N10 Assets LLC’s investment portfolio, making the stock its 7th biggest holding.

A number of other large investors have also made changes to their positions in the stock. Formula Growth Ltd. bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $1,091,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sandisk in the 2nd quarter valued at $127,613,000. Ma Investment Partnership LP acquired a new position in Sandisk in the second quarter valued at about $227,373,000. Proficio Capital Partners LLC bought a new stake in Sandisk during the second quarter worth about $1,846,000. Finally, Pure Financial Advisors LLC bought a new stake in Sandisk during the second quarter worth about $6,226,000.

Sandisk Trading Down 1.0%

Shares of SNDK stock opened at $1,484.95 on Friday. Sandisk Corporation has a 1 year low of $48.56 and a 1 year high of $2,354.39. The firm’s 50 day moving average is $1,609.87 and its 200-day moving average is $1,248.71. The firm has a market capitalization of $217.43 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last issued 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same period in the prior year, the business earned $0.29 EPS. The business’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. On average, equities research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction 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. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,800 shares of company stock worth $6,504,856 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SNDK shares. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Weiss Ratings lowered Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Evercore reaffirmed an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Royal Bank Of Canada lifted their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Finally, Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Three equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,998.14.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
• Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
• Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
• Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
• Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
• Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report

About Sandisk

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.