Sandisk Corporation $SNDK Stock: Curated Wealth Partners LLC Reduces Position

Curated Wealth Partners LLC cut its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 96.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 804 shares of the data storage provider’s stock after selling 19,453 shares during the period. Curated Wealth Partners LLC’s holdings in Sandisk were worth $1,399,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. WealthPlan Investment Management LLC purchased a new position in shares of Sandisk in the third quarter valued at $518,000. Purus Wealth Management LLC increased its stake in Sandisk by 3.1% during the 3rd quarter. Purus Wealth Management LLC now owns 435 shares of the data storage provider’s stock worth $756,000 after buying an additional 13 shares during the period. HBW Advisory Services LLC boosted its position in Sandisk by 65.0% in the 3rd quarter. HBW Advisory Services LLC now owns 264 shares of the data storage provider’s stock valued at $459,000 after buying an additional 104 shares during the last quarter. Howard Financial Services LTD. boosted its position in Sandisk by 36.3% in the 3rd quarter. Howard Financial Services LTD. now owns 139 shares of the data storage provider’s stock valued at $242,000 after buying an additional 37 shares during the last quarter. Finally, Martin Capital Advisors LLP increased its holdings in Sandisk by 7.7% during the 3rd quarter. Martin Capital Advisors LLP now owns 752 shares of the data storage provider’s stock worth $1,308,000 after purchasing an additional 54 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on SNDK shares. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Royal Bank Of Canada raised 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Rosenblatt Securities initiated coverage on shares of Sandisk in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 price target on the stock. Finally, Raymond James Financial boosted their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.

Sandisk Price Performance

NASDAQ:SNDK traded down $58.13 during trading hours on Thursday, reaching $1,345.21. The company’s stock had a trading volume of 8,710,774 shares, compared to its average volume of 15,094,983. The company has a market cap of $194.42 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23. Sandisk Corporation has a one year low of $136.29 and a one year high of $2,354.39. The business’s 50-day moving average is $1,599.14 and its 200-day moving average is $1,492.85.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for 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 quarter last year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts predict that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase 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 reacquire up to 6.6% of its shares through open market purchases. Share repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks Research upgraded Sandisk from “hold” to “strong buy,” adding a favorable analyst signal after the recent pullback.
• Positive Sentiment: Sandisk’s data-storage partnership with Meta Platforms for Meta VR Glasses supports the company’s exposure to growing AI, virtual-reality and high-performance storage demand. SanDisk Stock Drops Despite a Data Storage Partnership with Meta
• Positive Sentiment: Some analysts view the decline as a buying opportunity, citing strong AI infrastructure demand, robust NAND pricing and Sandisk’s long-term contract backlog. One bullish view places a potential target at $3,000, while other commentary argues that fears of a memory-cycle breakdown are premature. AI Memory Chip Selloff Looks Overblown
• Neutral Sentiment: TSMC’s indication that AI-chip demand remains greater than supply supports the long-term outlook for memory suppliers, but it has not offset near-term concerns about valuation, competition and sector-wide risk reduction.
• Negative Sentiment: Reports that CXMT has made progress in designing and developing server memory are raising fears that Chinese competition could eventually pressure Sandisk’s market share, pricing power and profit margins. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: The memory-stock selloff has broadened across Sandisk, Micron, SK hynix and Samsung, with roughly $1 trillion in combined market value reportedly erased since October 2. A broader AI-trade unwind and an expected eighth consecutive decline for the semiconductor ETF SOXX are adding selling pressure. Chip Meltdown Hits Memory Makers
• Negative Sentiment: Hotter-than-expected U.S. inflation data has increased concern about interest rates and reduced appetite for high-beta technology stocks, further weighing on Sandisk despite its strong AI-related growth prospects. Why Memory Stocks Are Falling

Insiders Place Their Bets

In other news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the company’s 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock valued at $121,159,122 in the last three months. 0.29% of the stock is owned by corporate insiders.

Sandisk Company 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.