Sandisk Corporation $SNDK Holdings Raised by Strategy Asset Managers LLC

Strategy Asset Managers LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 298.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 733 shares of the data storage provider’s stock after acquiring an additional 549 shares during the quarter. Strategy Asset Managers LLC’s holdings in Sandisk were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SNDK. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the first quarter worth approximately $25,000. Atomic Invest LLC bought a new stake in shares of Sandisk during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter valued at approximately $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk in the second quarter valued at approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk in the second quarter valued at approximately $32,000.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,900.00 price objective (up from $1,800.00) on shares of Sandisk in a research report on Monday, August 10th. Bank of America lifted their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Wedbush reissued an “outperform” rating and issued a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, Wells Fargo & Company boosted their target price on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Insider Buying and Selling at Sandisk

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a partnership with Meta Platforms to provide data-storage options for Meta’s VR glasses, supporting the company’s exposure to artificial intelligence, augmented reality and other long-term data-demand trends. SanDisk Stock Drops Despite Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli reiterated a highly bullish long-term view, projecting a $3,000 price target and arguing that future earnings could make the valuation appear inexpensive. Other analysts also describe SNDK as an attractive buy-the-dip opportunity because of sustained AI-related memory demand. SanDisk Has More Upside
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. A bullish investment case also points to robust NAND pricing, long-term contracts and financial guarantees. SanDisk Credit Rating Upgrade
• Neutral Sentiment: Strong third-quarter results from semiconductor-equipment maker ASML and continued expectations for AI infrastructure growth provide support for memory demand, but have not been enough to overcome current sector selling. Why Memory Stocks Are Falling Despite ASML Results
• Negative Sentiment: Chinese memory maker CXMT’s advances and plans to target high-end server memory are raising fears that new competition could pressure SanDisk’s pricing, market share and expected memory-cycle profits. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has increased macroeconomic and interest-rate uncertainty, while concerns about AI funding and stretched semiconductor valuations are adding to the sector-wide selloff. Market Open News

Sandisk Trading Down 5.3%

Shares of NASDAQ SNDK opened at $1,403.34 on Thursday. Sandisk Corporation has a 1 year low of $130.50 and a 1 year high of $2,354.39. The firm’s 50-day moving average is $1,599.14 and its 200-day moving average is $1,492.85. The firm has a market capitalization of $202.82 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted 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 business 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 company’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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

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.