Carolina Wealth Advisors LLC Has $3.05 Million Stake in Sandisk Corporation $SNDK

Carolina Wealth Advisors LLC lifted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 6,600.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,340 shares of the data storage provider’s stock after buying an additional 1,320 shares during the quarter. Sandisk comprises about 1.2% of Carolina Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. Carolina Wealth Advisors LLC’s holdings in Sandisk were worth $3,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SNDK. Redhawk Wealth Advisors Inc. boosted its position in shares of Sandisk by 27.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 419 shares of the data storage provider’s stock valued at $953,000 after purchasing an additional 91 shares in the last quarter. Sherman Wealth Management LLC acquired a new position in shares of Sandisk during the 2nd quarter valued at $291,000. Fulton Bank N.A. bought a new position in Sandisk during the second quarter worth $600,000. Wealthcare Advisory Partners LLC acquired a new stake in Sandisk in the second quarter worth $300,000. Finally, Financial Management Professionals Inc. increased its stake in Sandisk by 31.9% in the second quarter. Financial Management Professionals Inc. now owns 62 shares of the data storage provider’s stock valued at $141,000 after purchasing an additional 15 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SNDK shares. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a report on Thursday. Citigroup cut their price target on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,853.14.

Sandisk Stock Up 2.1%

SNDK stock opened at $1,237.92 on Tuesday. The firm has a market cap of $183.32 billion, a PE ratio of 16.98, a P/E/G ratio of 0.13 and a beta of 5.21. The business has a 50 day moving average of $1,689.51 and a 200-day moving average of $1,159.08. Sandisk Corporation has a 12-month low of $42.82 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts expect that Sandisk Corporation will post 187.19 earnings per share for the current year.

Sandisk announced that its board has initiated a stock repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrade supports the stock. Argus upgraded Sandisk from “hold” to “buy,” adding to bullish sentiment following the company’s strong quarterly results. Cantor Fitzgerald also reportedly views the recent semiconductor selloff as overdone and favors Sandisk among memory-chip stocks. Benzinga Cantor semiconductor outlook
• Positive Sentiment: AI infrastructure demand is driving the bullish case. Analysts point to expanding enterprise SSD demand, hyperscaler capital spending and Sandisk’s growing role in AI memory solutions. The company has reportedly secured $93.9 billion in minimum revenue commitments, while datacenter revenue more than doubled and accounted for 38% of bits shipped. Sandisk AI boom analysis Sandisk as an AI winner
• Positive Sentiment: Recent operating performance remains a major catalyst. Sandisk recently exceeded quarterly EPS expectations, with revenue up sharply year over year. Commentators also cite rising NAND prices, market-share gains and long-term contracts as reasons the company could eventually revisit its highs. Sandisk forecast
• Neutral Sentiment: Stock-split speculation is drawing attention. Sandisk’s extraordinary rally has made it a potential stock-split candidate, but the company has not announced any split. A split would improve trading accessibility without changing the company’s underlying value. Sandisk stock split speculation
• Negative Sentiment: Valuation and guidance remain key risks. Sandisk’s sharp appreciation has increased expectations, while mixed guidance and uncertainty over the memory cycle are limiting near-term upside. Investors are debating whether strong results are already reflected in the share price. Sandisk risks

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% 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 link. 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 dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,800 shares of company stock worth $6,504,856 over the last three months. 0.21% of the stock is owned by insiders.

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.