3,015 Sandisk Corporation $SNDK Shares Acquired by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. boosted its stake in Sandisk Corporation (NASDAQ:SNDK) by 1,463.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,221 shares of the data storage provider’s stock after buying an additional 3,015 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in Sandisk were worth $5,604,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Sandisk during the second quarter worth about $23,408,732,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 worth $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Situational Awareness LP increased its stake in Sandisk by 42.4% during 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 purchasing an additional 743,325 shares during the last quarter. Evergreen Quality Fund GP Ltd. bought a new position in shares of Sandisk in the 4th quarter worth about $255,848,000. Finally, Wellington Management Group LLP grew its position in shares of 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 valued at $2,425,811,000 after buying an additional 443,714 shares during the last quarter.

Sandisk Price Performance

Shares of NASDAQ SNDK traded up $31.96 during midday trading on Wednesday, reaching $1,692.42. 9,107,052 shares of the company traded hands, compared to its average volume of 15,316,795. Sandisk Corporation has a 52 week low of $116.17 and a 52 week high of $2,354.39. The stock has a 50-day moving average price of $1,579.07 and a 200 day moving average price of $1,463.49. The company has a market cap of $247.80 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 0.17 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, beating analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

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

Insider Buying and Selling at Sandisk

In other news, CEO David Goeckeler sold 33,841 shares of the firm’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 completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the 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 transaction, 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 position. 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 have sold a total of 77,899 shares of company stock valued at $121,159,122 in the last ninety days. 0.21% of the stock is owned by insiders.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks, including Sandisk, are outperforming a softer technology market as constrained supply and long-term customer commitments support pricing power. SanDisk and Micron Rise as Tight Memory Supply Outruns a Softer Tech Tape
• Positive Sentiment: Mizuho raised its Sandisk price target to $2,050 from $1,875 and maintained an “outperform” rating, citing growing demand from agentic AI and related semiconductor infrastructure. Mizuho Raises AMD and SanDisk Stock Price Targets on Agentic AI Demand
• Positive Sentiment: Sandisk’s reported $93.9 billion NAND bit memory contract book, customer financial guarantees, and sharp growth in data-center revenue highlight strong hyperscaler demand and improving revenue visibility. Sandisk: Customer Money Is Keeping Pace With the Contract Boom
• Positive Sentiment: Zacks added SNDK to its Rank #1 “Strong Buy” and momentum lists, reinforcing favorable near-term sentiment. Best Momentum Stocks to Buy for October 6th
• Neutral Sentiment: Binance is reportedly the leading venue for Sandisk perpetual-futures liquidity, ahead of OKX and Hyperliquid. This may increase trading activity but does not directly change Sandisk’s business fundamentals. Binance Leads SanDisk Perpetuals Liquidity
• Negative Sentiment: Premarket selling earlier in the session reflected profit-taking after the semiconductor sector’s powerful October rally. Analysts also caution that Sandisk’s growth is heavily dependent on memory pricing, while Micron offers broader exposure across memory products and a custom high-bandwidth-memory partnership with Nvidia. Sandisk and Micron AI Memory Stock Comparison

Wall Street Analyst Weigh In

A number of brokerages have commented on SNDK. Rosenblatt Securities initiated coverage on Sandisk in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 target price for the company. China Renaissance raised their price target on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. UBS Group restated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Sanford C. Bernstein restated an “outperform” rating and set a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. started coverage on Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.

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.