RD Finance Ltd Purchases 493 Shares of Sandisk Corporation $SNDK

RD Finance Ltd purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 493 shares of the data storage provider’s stock, valued at approximately $858,000. Sandisk comprises 0.8% of RD Finance Ltd’s portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the first quarter worth $25,000. Atomic Invest LLC purchased a new position in Sandisk in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC grew its stake in Sandisk by 650.0% in the third quarter. Hilton Head Capital Partners LLC now owns 15 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Sandisk in the first quarter valued at about $29,000. Finally, Dunhill Financial LLC acquired a new position in Sandisk in the 2nd quarter worth about $30,000.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 4,712 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the transaction, the executive vice president directly owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $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 quarter, insiders sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Rosenblatt Securities initiated coverage on Sandisk in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 target price on the stock. Royal Bank Of Canada lifted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Finally, Bank of America increased their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,093.73.

Sandisk Price Performance

Sandisk stock opened at $1,255.58 on Tuesday. Sandisk Corporation has a one year low of $164.56 and a one year high of $2,354.39. The company’s fifty day moving average price is $1,593.45 and its two-hundred day moving average price is $1,227.63. The company has a market capitalization of $181.47 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.12 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

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.