Silvant Capital Management LLC Buys New Stake in Sandisk Corporation $SNDK

Silvant Capital Management LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 19,555 shares of the data storage provider’s stock, valued at approximately $44,465,000. Sandisk makes up 1.3% of Silvant Capital Management LLC’s holdings, making the stock its 18th largest position.

A number of other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in Sandisk during the 1st quarter worth about $25,000. Greenline Wealth Management LLC purchased a new position in Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk in the 4th quarter valued at about $27,000. IMG Wealth Management Inc. acquired a new position in Sandisk in the 1st quarter valued at about $29,000. Finally, Dunhill Financial LLC acquired a new position in Sandisk in the 2nd quarter valued at about $30,000.

Sandisk Stock Performance

SNDK opened at $1,600.62 on Friday. Sandisk Corporation has a one year low of $43.56 and a one year high of $2,354.39. The business’s 50-day simple moving average is $1,663.24 and its 200-day simple moving average is $1,217.48. The company has a market cap of $234.36 billion, a P/E ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last issued 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the firm posted $0.29 EPS. The firm’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. As a group, analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

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

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares of the company’s stock, 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 legal 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 2,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is currently owned by corporate insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNDK. Evercore reissued an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. New Street Research set a $3,000.00 price objective on shares of Sandisk in a report on Thursday, August 6th. UBS Group reaffirmed an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $2,200.00 target price on shares of Sandisk in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and an average price target of $1,999.27.

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.