Silvant Capital Management LLC Invests $44.47 Million in Sandisk Corporation $SNDK

Silvant Capital Management LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,555 shares of the data storage provider’s stock, valued at approximately $44,465,000. Sandisk makes up about 1.3% of Silvant Capital Management LLC’s holdings, making the stock its 18th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Sandisk during the second quarter worth $23,408,732,000. State Street Corp acquired a new stake in shares of Sandisk in the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk in the third quarter valued at about $297,293,000. Norges Bank purchased a new stake in shares of Sandisk during the fourth quarter worth about $518,889,000. Finally, Bank of America Corp DE purchased a new stake in shares of Sandisk during the third quarter worth about $190,425,000.

Analyst Ratings Changes

SNDK has been the subject of several research analyst reports. Evercore restated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Mizuho set a $1,900.00 price objective on Sandisk in a research note on Friday, August 14th. Royal Bank Of Canada boosted their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Bank of America increased their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley raised their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and an average target price of $1,999.27.

Insider Buying and Selling at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% 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. Over the last 90 days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by company insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

Sandisk Price Performance

SNDK stock opened at $1,600.62 on Friday. The business has a 50 day simple moving average of $1,663.24 and a 200-day simple moving average of $1,217.48. The firm has a market capitalization of $234.36 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a 1 year low of $43.56 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 during the quarter. During the same period in the prior year, the business posted $0.29 EPS. Sandisk’s revenue for the quarter 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 research analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are often an indication 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.