812 Shares in Sandisk Corporation $SNDK Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 812 shares of the data storage provider’s stock, valued at approximately $1,846,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Sandisk in the second quarter worth $23,408,732,000. State Street Corp grew its stake in shares of Sandisk by 20.7% in the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after acquiring an additional 904,933 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after acquiring an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after acquiring an additional 828,332 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock worth $705,105,000 after purchasing an additional 199,545 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on SNDK. Wedbush reiterated an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Melius Research set a $2,350.00 target price on shares of Sandisk in a report on Monday, May 18th. Wells Fargo & Company upped their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $1,998.14.

Sandisk Stock Up 5.5%

SNDK opened at $1,566.70 on Tuesday. The stock has a market capitalization of $229.40 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.15 and a beta of 5.21. The firm has a 50 day moving average price of $1,581.73 and a 200-day moving average price of $1,262.28. Sandisk Corporation has a twelve month low of $50.07 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction 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 transaction, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,800 shares of company stock worth $2,991,696. 0.21% of the stock is currently owned by insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

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.