CoreCap Advisors LLC Purchases 1,119 Shares of Sandisk Corporation $SNDK

CoreCap Advisors LLC raised its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 90.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,355 shares of the data storage provider’s stock after purchasing an additional 1,119 shares during the quarter. CoreCap Advisors LLC’s holdings in Sandisk were worth $5,355,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Sandisk in the second quarter valued at $34,000. Valley Wealth Managers Inc. purchased a new stake in Sandisk during the first quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in Sandisk during the first quarter valued at $29,000. Dogwood Wealth Management LLC grew its stake in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after buying an additional 6 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Sandisk by 108.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after buying an additional 27 shares during the last quarter.

Insiders Place Their Bets

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% 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. Insiders have sold 6,825 shares of company stock worth $10,863,593 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SNDK has been the subject of a number of analyst reports. Mizuho increased their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Evercore set a $3,100.00 price objective on Sandisk in a research note on Monday, July 13th. Bank of America upped their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Argus assumed coverage on Sandisk in a research note on Wednesday, July 15th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong fiscal Q4 results. Sandisk reported adjusted earnings of $39.25 per share, well above the $33.28–$34.24 consensus range, while revenue reached approximately $8.97 billion, up 371.6% year over year. Net income was about $6.9 billion, supported by stronger NAND pricing, higher volumes and margin expansion. Sandisk Corporation Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: AI data-center demand remains a major growth driver. Sandisk said demand for memory and storage used in AI infrastructure is strengthening. Data-center revenue reportedly surged during fiscal 2026, while new customer agreements and enterprise SSD demand support the company’s longer-term growth outlook. Sandisk Forecasts Upbeat Quarterly Revenue on AI-Driven Demand
• Positive Sentiment: Capital returns were increased. Sandisk expanded its share-repurchase authorization by $14 billion, potentially providing support for the stock and signaling management’s confidence in future cash generation. Sandisk Stock Slides Despite Revenue Surge and Buyback
• Neutral Sentiment: Q1 fiscal 2027 guidance was mixed. Sandisk forecast earnings of $44–$46 per share, above the approximately $41.45 consensus estimate. Revenue guidance of $10.3–$10.8 billion brackets the roughly $10.4 billion consensus, with the midpoint implying continued growth but the low end falling short of expectations. Sandisk Slips as Mixed Guidance Overshadows Strong Q4 Results
• Negative Sentiment: Investors may be questioning whether the growth and margin surge can last. Concerns include NAND pricing volatility, potential oversupply, competition from Chinese producers and the possibility that elevated expectations were not fully reflected in the revenue outlook. These concerns outweighed the strong quarterly beat in the immediate market reaction. Sandisk This Insane Growth May Not Be Good Enough

Sandisk Trading Down 5.4%

Sandisk stock opened at $1,350.50 on Thursday. Sandisk Corporation has a 12-month low of $40.53 and a 12-month high of $2,354.39. The firm has a 50-day moving average price of $1,717.30 and a 200-day moving average price of $1,141.98. The firm has a market capitalization of $200.00 billion, a PE ratio of 46.94 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last issued 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 net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Sandisk announced that its board has authorized a share repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is 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.