Integrated Wealth Concepts LLC Has $10.06 Million Stock Holdings in Sandisk Corporation $SNDK

Integrated Wealth Concepts LLC trimmed its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 33.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,425 shares of the data storage provider’s stock after selling 2,194 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Sandisk were worth $10,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in Sandisk in the 1st quarter worth about $25,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk during the 1st quarter valued at about $29,000. Dunhill Financial LLC bought a new stake in shares of Sandisk in the 2nd quarter valued at approximately $30,000. Finally, Parallel Advisors LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $30,000.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 25,305 shares of the company’s stock, valued at $44,722,285.65. The trade was a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president owned 44,134 shares of the company’s stock, valued at $67,991,957.72. This trade represents a 9.65% 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. Insiders sold a total of 9,220 shares of company stock worth $14,829,223 over the last quarter. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

SNDK opened at $1,692.59 on Friday. The firm has a market cap of $247.83 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17. The business has a 50 day moving average price of $1,520.00 and a 200 day moving average price of $1,321.26. Sandisk Corporation has a twelve month low of $81.38 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS 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 company had revenue of $8.96 billion for the quarter. During the same period in the prior year, the business earned $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 anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SNDK shares. Wells Fargo & Company raised their price objective on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Mizuho cut their price target on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Susquehanna reduced their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Finally, New Street Research set a $3,000.00 price objective on shares of Sandisk in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,998.14.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven NAND demand remains a long-term support. Analysts continue to point to strong data-center and artificial-intelligence infrastructure demand, tight memory supply and potentially higher NAND prices as reasons for optimism about Sandisk’s earnings and margins. Memory prices and Sandisk article
• Positive Sentiment: Citi maintained its Buy rating and $2,100 price target. The analyst cited strengthening AI-related NAND demand, leaving the target above the company’s current trading level. Citi Sandisk rating article
• Neutral Sentiment: Investors remain divided after an extraordinary rally. Sandisk has gained more than 600% year to date, creating substantial momentum but also raising questions about valuation, sustainability of margins and the risk of additional profit-taking. A Goldman Sachs view that the memory downturn may be easing provides sector support, although it has not prevented near-term volatility. Memory stocks outlook article
• Negative Sentiment: Macro conditions triggered a broad technology selloff. Higher oil prices intensified concerns that inflation could keep interest rates elevated, weighing particularly heavily on high-beta growth stocks such as SNDK and its memory-chip peers. Memory stocks falling article
• Negative Sentiment: Rating and insider-selling headlines added pressure. Zacks Research downgraded Sandisk from Strong Buy to Hold, while executives disclosed sales totaling millions of dollars. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their significance, but they may still reinforce profit-taking concerns. Sandisk insider trading article

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.