Sterling Capital Management LLC Acquires 2,946 Shares of Sandisk Corporation $SNDK

Sterling Capital Management LLC boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,140 shares of the data storage provider’s stock after acquiring an additional 2,946 shares during the quarter. Sterling Capital Management LLC’s holdings in Sandisk were worth $19,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SNDK. Ramsey Quantitative Systems raised its stake in shares of Sandisk by 159.1% during the 3rd quarter. Ramsey Quantitative Systems now owns 57 shares of the data storage provider’s stock worth $99,000 after purchasing an additional 35 shares in the last quarter. James Investment Research Inc. grew its stake in shares of Sandisk by 87.9% in the 3rd quarter. James Investment Research Inc. now owns 280 shares of the data storage provider’s stock valued at $487,000 after buying an additional 131 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in Sandisk by 252.2% in the third quarter. Washington Trust Advisors Inc. now owns 81 shares of the data storage provider’s stock worth $140,000 after buying an additional 58 shares during the last quarter. Inspire Investing LLC increased its holdings in Sandisk by 90.9% in the third quarter. Inspire Investing LLC now owns 9,095 shares of the data storage provider’s stock worth $15,824,000 after buying an additional 4,331 shares during the last quarter. Finally, XXI Wealth LLC raised its position in Sandisk by 26.9% during the third quarter. XXI Wealth LLC now owns 217 shares of the data storage provider’s stock valued at $378,000 after acquiring an additional 46 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. China Renaissance raised their price target on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research note on Monday, August 10th. Susquehanna decreased their price objective on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It’s Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

Insider Activity

In related news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. 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 have sold a total of 77,899 shares of company stock valued at $121,159,122 over the last three months. Corporate insiders own 0.29% of the company’s stock.

Sandisk Price Performance

SNDK traded down $22.90 on Friday, hitting $1,238.03. The company had a trading volume of 7,871,991 shares, compared to its average volume of 7,999,073. The company’s fifty day moving average price is $1,595.43 and its 200 day moving average price is $1,520.09. Sandisk Corporation has a 1-year low of $164.56 and a 1-year high of $2,354.39. The stock has a market cap of $178.93 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 0.13 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The firm had revenue of $8.96 billion during the quarter. During the same period in the previous year, the company earned $0.29 EPS. The firm’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. On average, sell-side analysts forecast that Sandisk Corporation will post 208.94 EPS for the current year.

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

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.