Sandisk Corporation $SNDK Stock: VestGen Advisors LLC Cuts Holdings

VestGen Advisors LLC lessened its holdings in Sandisk Corporation (NASDAQ:SNDK) by 79.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,515 shares of the data storage provider’s stock after selling 5,825 shares during the quarter. VestGen Advisors LLC’s holdings in Sandisk were worth $2,636,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SNDK. BlackRock Inc. acquired a new position in Sandisk in the second quarter valued at approximately $23,408,732,000. Situational Awareness LP boosted its stake in Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Wellington Management Group LLP grew its holdings in Sandisk by 71.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after acquiring an additional 443,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Sandisk by 57.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock worth $1,652,370,000 after acquiring an additional 264,935 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sandisk during the 2nd quarter valued at $1,621,353,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and adjusted earnings of $49.51 per share, exceeding consensus estimates of approximately $10.7 billion in revenue and $46-$47 per share in earnings. Earnings increased sharply from $1.22 per share a year earlier. Sandisk Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI infrastructure demand drove strong growth: data-center revenue rose 61% sequentially to $4.80 billion, while Edge revenue increased 7% to $5.83 billion. Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and non-GAAP diluted EPS of $55 to $57, signaling continued pricing power and demand for enterprise storage. Sandisk Data Center Revenue and Stock Split
• Positive Sentiment: The company announced an eight-for-one forward stock split effective November 19, 2026, which could improve share accessibility and liquidity. Sandisk also repurchased approximately $5 billion of stock during the quarter. Sandisk Reports Revenue, Net Income and Stock Split
• Neutral Sentiment: Long-term customer agreements totaling roughly $91.1 billion support visibility, but investors remain focused on whether Sandisk can sustain profitability through the typically cyclical NAND-memory market. Sandisk’s Surging Profits Face a Critical Test
• Negative Sentiment: Memory stocks came under pressure after weaker-than-expected Alphabet results and a sharp decline in Samsung Electronics shares revived concerns about technology spending and sector momentum. The pullback in peers such as Micron and SK Hynix weighed on Sandisk ahead of its results. Why Memory Stocks Fell
• Negative Sentiment: Despite the buybacks, diluted shares remained about 3% above the prior-year level. Separately, reported insider activity showed selling rather than purchases, potentially adding to investor caution after the stock’s substantial advance. Sandisk Revenue and Earnings Reaction

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Arete Research lifted their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a report on Monday, August 10th. UBS Group reiterated an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a report on Friday, August 14th. Finally, Wells Fargo & Company increased their target price on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,093.73.

Insider Buying and Selling

In related news, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% 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. Over the last three months, insiders sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is currently owned by company insiders.

Sandisk Trading Down 5.3%

SNDK stock opened at $1,330.05 on Friday. The stock has a 50-day moving average price of $1,566.91 and a two-hundred day moving average price of $1,247.03. Sandisk Corporation has a 1 year low of $183.00 and a 1 year high of $2,354.39. The stock has a market cap of $192.23 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, October 29th. The data storage provider reported $49.51 earnings per share for the quarter, topping the consensus estimate of $46.19 by $3.32. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $11.03 billion during the quarter. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts forecast that Sandisk Corporation will post 210.92 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a stock repurchase plan on Wednesday, August 5th that permits the company to buy back $14 billion in shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Share repurchase plans are typically a sign that the company’s board 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.