8,277 Sandisk Corporation $SNDK Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 42.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,785 shares of the data storage provider’s stock after purchasing an additional 8,277 shares during the quarter. Sandisk makes up 1.5% of Focus Financial Network Inc.’s portfolio, making the stock its 11th biggest holding. Focus Financial Network Inc.’s holdings in Sandisk were worth $48,343,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in shares of Sandisk by 35.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after buying an additional 14,964 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in Sandisk during the second quarter worth about $4,775,000. Florida Financial Advisors LLC purchased a new position in shares of Sandisk in the 1st quarter worth about $2,747,000. UNICOM Systems Inc. raised its holdings in shares of Sandisk by 14.9% in the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock worth $133,013,000 after purchasing an additional 7,600 shares during the period. Finally, Affinity Capital Advisors LLC purchased a new stake in shares of Sandisk during the 2nd quarter worth about $2,506,000.

Insider Buying and Selling

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CEO David Goeckeler sold 33,841 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. 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 77,899 shares of company stock worth $121,159,122 in the last 90 days. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on SNDK. New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. Susquehanna reduced their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating on the stock in a research report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Finally, UBS Group reissued an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,482.33 on Wednesday. Sandisk Corporation has a 1-year low of $120.96 and a 1-year high of $2,354.39. The company has a market capitalization of $214.24 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.15 and a beta of 5.23. The business has a 50-day moving average of $1,598.08 and a 200-day moving average of $1,487.22.

Sandisk (NASDAQ:SNDK) last announced its 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. The business 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%. The business’s quarterly 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 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its board has authorized a share buyback plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share buyback plans are often a sign that the company’s board believes its stock is undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Credit-rating upgrade supports the balance sheet. S&P Global upgraded SanDisk to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. The upgrade could reduce financing costs and reinforce confidence in the company’s financial position. SanDisk Stock Upgraded to BBB by S&P Global
• Positive Sentiment: Bullish long-term views remain intact. Nicholas Mugalli sees SNDK reaching $3,000 over two years, arguing that projected earnings could leave the stock trading below nine times earnings at that price. Other coverage continues to identify SanDisk as an attractive AI-storage and NAND beneficiary. SanDisk Has More Upside
• Positive Sentiment: Some analysts view the selloff as premature. A Seeking Alpha analysis maintains a Buy view, citing robust NAND pricing, contracts worth approximately $93.9 billion and $16.5 billion in financial guarantees. SanDisk also received recognition for an AI-storage NAND breakthrough. SanDisk: The First Crack in the Memory Supercycle
• Neutral Sentiment: Upcoming earnings are a key near-term test. SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. Management previously guided to $10.3 billion-$10.8 billion in revenue and $44-$46 in non-GAAP EPS, making pricing, margins and demand trends central to the next market reaction. SanDisk Pre-Earnings Analysis
• Negative Sentiment: China competition is the dominant selloff catalyst. Reports that CXMT plans to target high-end server memory have triggered a broad decline across memory stocks, including SanDisk, even though SanDisk does not manufacture DRAM. Investors fear the development could eventually intensify competition across the broader memory ecosystem. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: Valuation and cycle concerns are magnifying volatility. Investors are questioning whether recent earnings and cash-flow strength, which benefited substantially from higher NAND prices, can persist. AI-funding worries, sector-wide risk reduction and reported insider selling are adding to the cautious tone. Micron and SanDisk Look Cheaper by the Day

Sandisk Company 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.