IPG Investment Advisors LLC Acquires Shares of 1,221 Sandisk Corporation $SNDK

IPG Investment Advisors LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,221 shares of the data storage provider’s stock, valued at approximately $2,776,000.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC lifted its holdings in shares of Sandisk by 1,086.8% in the 2nd quarter. MCF Advisors LLC now owns 451 shares of the data storage provider’s stock worth $1,025,000 after purchasing an additional 413 shares in the last quarter. WINTON GROUP Ltd increased its stake in Sandisk by 899.3% during the 2nd quarter. WINTON GROUP Ltd now owns 6,146 shares of the data storage provider’s stock valued at $13,974,000 after purchasing an additional 5,531 shares in the last quarter. SVB Wealth LLC acquired a new position in Sandisk during the second quarter worth $705,000. Insight Wealth Partners LLC raised its holdings in Sandisk by 0.4% during the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after buying an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Sandisk by 42.1% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 682 shares of the data storage provider’s stock valued at $1,551,000 after buying an additional 202 shares in the last quarter.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider owned 25,305 shares in the company, valued at $44,722,285.65. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the sale, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,220 shares of company stock valued at $14,829,223 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand remains the primary catalyst. Analysts say NAND demand from data centers and AI systems is strengthening, while constrained supply could support pricing and margins. Goldman Sachs reportedly believes the worst of the memory-sector downturn may be over, helping lift Sandisk and peers Micron and SK Hynix. Memory stocks rally article
• Positive Sentiment: Analysts continue to see upside. Citi reaffirmed a Buy rating and maintained its $2,100 price target, citing strengthening AI-related NAND demand. Other bullish commentary points to approximately $93.9 billion in minimum-revenue commitments, potentially more than $24 billion in fiscal 2027 free cash flow and strong pricing power from new business models. Citi Sandisk rating article
• Positive Sentiment: Index inclusion could provide additional demand. Sandisk is scheduled to join the S&P 100 before trading opens September 21, which may increase institutional visibility and trigger purchases by index-tracking funds. S&P 100 inclusion article
• Neutral Sentiment: The investment case is increasingly dependent on momentum. SNDK has risen more than 600% in less than a year and trades near the upper end of its 52-week range. Bullish investors expect another leg higher, but valuation models and technical signals disagree about whether earnings growth can justify the move. SanDisk price of momentum article
• Negative Sentiment: Profit-taking and analyst caution could increase volatility. Zacks Research downgraded Sandisk from Strong Buy to Hold, while coverage warns that memory demand, NAND pricing and customer spending remain cyclical. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, including roughly $12 million of reported insider sales since the beginning of September; both retained substantial holdings. Sandisk insider trading article

Analysts Set New Price Targets

SNDK has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Wells Fargo & Company lifted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Finally, Bank of America raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,998.14.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,764.17 on Thursday. The firm has a market cap of $258.31 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 52 week low of $72.03 and a 52 week high of $2,354.39. The firm has a 50-day moving average price of $1,521.04 and a two-hundred day moving average price of $1,313.91.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping 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 quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its board has authorized a share buyback 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 repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are 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.