Insight Wealth Partners LLC Buys Shares of 1,607 Sandisk Corporation $SNDK

Insight Wealth Partners LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,607 shares of the data storage provider’s stock, valued at approximately $3,654,000. Sandisk makes up 0.5% of Insight Wealth Partners LLC’s holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp purchased a new stake in shares of Sandisk in the 3rd quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk during the third quarter worth about $297,293,000. Norges Bank acquired a new position in Sandisk during the fourth quarter worth about $518,889,000. Bank of America Corp DE purchased a new stake in shares of Sandisk in the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk in the third quarter valued at about $163,057,000.

Insider Activity at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s 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 transaction of $697,296.00. Following the sale, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents 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 sold 3,800 shares of company stock worth $6,504,856 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Mizuho set a $1,900.00 price objective on shares of Sandisk in a research note on Friday. Morgan Stanley boosted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. UBS Group restated an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research report on Friday. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,999.27.

Sandisk Stock Performance

Sandisk stock opened at $1,641.11 on Monday. The company has a market cap of $243.03 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.16 and a beta of 5.21. The firm has a 50 day moving average price of $1,667.87 and a 200 day moving average price of $1,186.09. Sandisk Corporation has a 1 year low of $42.82 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The firm 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 revenue was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts predict 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 shares. This repurchase authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

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.