Sandisk Corporation $SNDK Stock Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,164 shares of the data storage provider’s stock after selling 464 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Sandisk were worth $2,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Sandisk during the second quarter worth approximately $23,408,732,000. Situational Awareness LP raised its holdings in Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares in the last quarter. Wellington Management Group LLP raised its holdings in Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after acquiring an additional 443,714 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sandisk by 57.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock valued at $1,652,370,000 after acquiring an additional 264,935 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sandisk during the 2nd quarter valued at $1,621,353,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a research report on Monday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target on the stock. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 24th. Finally, Rosenblatt Securities began coverage on shares of Sandisk in a research report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 2,308 shares of Sandisk stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock worth $121,159,122 over the last ninety days. Insiders own 0.29% of the company’s stock.

Sandisk Stock Down 4.1%

Shares of SNDK stock traded down $61.26 during mid-day trading on Wednesday, reaching $1,421.07. 4,105,041 shares of the stock traded hands, compared to its average volume of 15,110,908. The stock’s fifty day simple moving average is $1,598.08 and its two-hundred day simple moving average is $1,487.22. Sandisk Corporation has a 1-year low of $130.50 and a 1-year high of $2,354.39. The company has a market cap of $205.39 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23.

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 the consensus estimate 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 prior year, the company earned $0.29 EPS. The business’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure remains a major long-term growth driver. A bullish outlook for 2027 argues that the AI buildout is still supply-constrained, potentially supporting demand for SanDisk’s NAND and enterprise storage products. Here’s the Bull Case for NVIDIA, Micron, and SanDisk for 2027
• Positive Sentiment: Investor Nicholas Mugalli reiterated a highly bullish long-term view, forecasting a $3,000 price target over two years—approximately double recent trading levels—based on projected earnings growth and a potentially low forward earnings multiple. SanDisk Has More Upside
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. Other bullish commentary points to robust NAND pricing, long-term contracts and financial guarantees that could support cash generation. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Investors are also awaiting September inflation data and monitoring mixed results from chip-equipment maker ASML, adding broader market uncertainty to the sector’s move.
• Negative Sentiment: The primary catalyst is China competition. CXMT’s reported advances and plans to target server memory have raised fears that Chinese suppliers could eventually pressure SanDisk’s pricing, market share and profit margins. SanDisk Shares Slip As Chinese Chipmaker’s Advances Spark Memory Stock Selloff
• Negative Sentiment: SanDisk has been caught in a broader memory and AI-infrastructure selloff, with concerns about AI funding, slowing memory-price gains and the durability of elevated earnings prompting investors to lock in gains despite bullish valuation targets.

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.