549 Sandisk Corporation $SNDK Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its position in Sandisk Corporation (NASDAQ:SNDK) by 298.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 733 shares of the data storage provider’s stock after purchasing an additional 549 shares during the quarter. Strategy Asset Managers LLC’s holdings in Sandisk were worth $1,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Mezzasalma Advisors LLC grew its holdings in shares of Sandisk by 21.3% in the 3rd quarter. Mezzasalma Advisors LLC now owns 2,074 shares of the data storage provider’s stock valued at $3,609,000 after buying an additional 364 shares during the period. Triumph Capital Management increased its position in shares of Sandisk by 2,031.2% in the 3rd quarter. Triumph Capital Management now owns 341 shares of the data storage provider’s stock valued at $593,000 after buying an additional 325 shares in the last quarter. N10 Wealth LLC raised its stake in Sandisk by 31.1% during the 3rd quarter. N10 Wealth LLC now owns 6,912 shares of the data storage provider’s stock worth $12,026,000 after buying an additional 1,641 shares during the period. N10 Assets LLC lifted its holdings in Sandisk by 25.3% during the third quarter. N10 Assets LLC now owns 6,514 shares of the data storage provider’s stock worth $11,334,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Sandisk by 12.9% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 79 shares of the data storage provider’s stock worth $137,000 after acquiring an additional 9 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on SNDK shares. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective on the stock in a report on Monday, August 10th. Arete Research lifted their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, China Renaissance boosted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 2,308 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This represents a 9.65% 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 sold 77,899 shares of company stock valued at $121,159,122 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a partnership with Meta Platforms to provide data-storage options for Meta’s VR glasses, supporting the company’s exposure to artificial intelligence, augmented reality and other long-term data-demand trends. SanDisk Stock Drops Despite Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli reiterated a highly bullish long-term view, projecting a $3,000 price target and arguing that future earnings could make the valuation appear inexpensive. Other analysts also describe SNDK as an attractive buy-the-dip opportunity because of sustained AI-related memory demand. SanDisk Has More Upside
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. A bullish investment case also points to robust NAND pricing, long-term contracts and financial guarantees. SanDisk Credit Rating Upgrade
• Neutral Sentiment: Strong third-quarter results from semiconductor-equipment maker ASML and continued expectations for AI infrastructure growth provide support for memory demand, but have not been enough to overcome current sector selling. Why Memory Stocks Are Falling Despite ASML Results
• Negative Sentiment: Chinese memory maker CXMT’s advances and plans to target high-end server memory are raising fears that new competition could pressure SanDisk’s pricing, market share and expected memory-cycle profits. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has increased macroeconomic and interest-rate uncertainty, while concerns about AI funding and stretched semiconductor valuations are adding to the sector-wide selloff. Market Open News

Sandisk Trading Down 5.3%

SNDK opened at $1,403.34 on Thursday. The stock has a market capitalization of $202.82 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.15 and a beta of 5.23. Sandisk Corporation has a 12 month low of $130.50 and a 12 month high of $2,354.39. The firm’s fifty day simple moving average is $1,599.14 and its 200 day simple moving average is $1,492.85.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.96 billion during the quarter. During the same quarter last year, the company posted $0.29 EPS. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts predict that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board has authorized a share repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s board 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.