SVB Wealth LLC Buys Shares of 310 Sandisk Corporation $SNDK

SVB Wealth LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 310 shares of the data storage provider’s stock, valued at approximately $705,000.

A number of other large investors also recently modified their holdings of SNDK. Handelsbanken Fonder AB boosted its position in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after acquiring an additional 14,964 shares during the last quarter. Allworth Financial LP grew its holdings 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 worth $1,073,000 after purchasing an additional 2,067 shares in the last quarter. Tredje AP fonden bought a new position in shares of Sandisk in the fourth quarter worth approximately $7,821,000. ProShare Advisors LLC increased its position 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 purchasing an additional 31,237 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Sandisk in the fourth quarter valued at approximately $422,000.

Insider Buying and Selling at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the sale, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their ownership of the stock. 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 ninety days, insiders have sold 9,220 shares of company stock worth $14,829,223. 0.21% of the stock is owned by insiders.

Sandisk Price Performance

Shares of SNDK opened at $1,764.17 on Thursday. The firm has a market cap of $258.31 billion, a P/E ratio of 24.20, a P/E/G ratio of 0.17 and a beta of 5.17. The stock has a 50 day simple moving average of $1,521.04 and a two-hundred day simple moving average of $1,313.91. Sandisk Corporation has a 1 year low of $72.03 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand remains the primary catalyst. Analysts say NAND demand from data centers and AI systems is strengthening, while constrained supply could support pricing and margins. Goldman Sachs reportedly believes the worst of the memory-sector downturn may be over, helping lift Sandisk and peers Micron and SK Hynix. Memory stocks rally article
• Positive Sentiment: Analysts continue to see upside. Citi reaffirmed a Buy rating and maintained its $2,100 price target, citing strengthening AI-related NAND demand. Other bullish commentary points to approximately $93.9 billion in minimum-revenue commitments, potentially more than $24 billion in fiscal 2027 free cash flow and strong pricing power from new business models. Citi Sandisk rating article
• Positive Sentiment: Index inclusion could provide additional demand. Sandisk is scheduled to join the S&P 100 before trading opens September 21, which may increase institutional visibility and trigger purchases by index-tracking funds. S&P 100 inclusion article
• Neutral Sentiment: The investment case is increasingly dependent on momentum. SNDK has risen more than 600% in less than a year and trades near the upper end of its 52-week range. Bullish investors expect another leg higher, but valuation models and technical signals disagree about whether earnings growth can justify the move. SanDisk price of momentum article
• Negative Sentiment: Profit-taking and analyst caution could increase volatility. Zacks Research downgraded Sandisk from Strong Buy to Hold, while coverage warns that memory demand, NAND pricing and customer spending remain cyclical. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, including roughly $12 million of reported insider sales since the beginning of September; both retained substantial holdings. Sandisk insider trading article

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNDK. Citigroup dropped their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective on the stock. Mizuho dropped their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, New Street Research set a $3,000.00 target price on Sandisk in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $1,998.14.

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.