Sandisk Corporation $SNDK Position Increased by Diversify Advisory Services LLC

Diversify Advisory Services LLC raised its position in Sandisk Corporation (NASDAQ:SNDK) by 186.2% during the third quarter, Holdings Channel reports. The fund owned 4,605 shares of the data storage provider’s stock after acquiring an additional 2,996 shares during the period. Diversify Advisory Services LLC’s holdings in Sandisk were worth $8,012,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Revisor Wealth Management LLC grew its stake in shares of Sandisk by 76.8% during the 3rd quarter. Revisor Wealth Management LLC now owns 571 shares of the data storage provider’s stock valued at $993,000 after purchasing an additional 248 shares during the period. Blue Jean Financial LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $3,311,000. Commonwealth Financial Services LLC increased its position in shares of Sandisk by 11.9% during the 3rd quarter. Commonwealth Financial Services LLC now owns 141 shares of the data storage provider’s stock valued at $245,000 after purchasing an additional 15 shares during the last quarter. Net Worth Advisory Group lifted its stake in shares of Sandisk by 213.1% in the 3rd quarter. Net Worth Advisory Group now owns 407 shares of the data storage provider’s stock worth $727,000 after purchasing an additional 277 shares during the period. Finally, Eagle Wealth Advisors LLC lifted its stake in shares of Sandisk by 35.3% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 295 shares of the data storage provider’s stock worth $513,000 after purchasing an additional 77 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SNDK shares. Royal Bank Of Canada raised their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Wedbush restated an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Mizuho upped their target price on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Bank of America upped their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

Insider Buying and Selling

In related news, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at $67,991,957.72. This represents a 9.65% 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. In the last quarter, insiders have sold 77,899 shares of company stock valued at $121,159,122. Insiders own 0.29% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What’s Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here’s What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Sandisk Stock Up 0.9%

Shares of SNDK opened at $1,378.22 on Thursday. The business has a 50-day simple moving average of $1,608.84 and a two-hundred day simple moving average of $1,518.14. The stock has a market cap of $199.19 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a 52 week low of $144.82 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate 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 for the quarter. During the same period last year, the business earned $0.29 EPS. The firm’s quarterly revenue 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, equities analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its board has authorized a share buyback program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Stock repurchase programs are usually an indication that the company’s management 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.