33,521 Shares in Sandisk Corporation $SNDK Bought by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,521 shares of the data storage provider’s stock, valued at approximately $76,218,000. Sandisk makes up about 3.9% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new stake in shares of Sandisk in the second quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Sandisk during the second quarter worth about $32,000. Kilter Group LLC acquired a new position in Sandisk during the second quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in Sandisk during the second quarter valued at approximately $34,000. Finally, Ramsey Quantitative Systems bought a new position in Sandisk in the second quarter valued at approximately $50,000.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SNDK. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Royal Bank Of Canada boosted their target price 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. Finally, Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Sandisk currently has an average rating of “Buy” and a consensus target price of $1,999.27.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,596.08 on Monday. The business’s 50 day moving average price is $1,655.56 and its two-hundred day moving average price is $1,224.03. The company has a market cap of $233.70 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21. Sandisk Corporation has a twelve month low of $45.63 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion during the quarter. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s quarterly revenue 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, research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is 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.