NFJ Investment Group LLC Takes Position in Sandisk Corporation $SNDK

NFJ Investment Group LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,875 shares of the data storage provider’s stock, valued at approximately $20,179,000.

Several other hedge funds and other institutional investors have also modified their holdings of SNDK. Osaic Holdings Inc. acquired a new position in Sandisk in the 2nd quarter valued at about $317,000. Merit Financial Group LLC bought a new stake in shares of Sandisk during the third quarter worth approximately $408,000. Dimensional Fund Advisors LP acquired a new position in shares of Sandisk in the third quarter valued at approximately $100,080,000. First Trust Advisors LP acquired a new position in shares of Sandisk in the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL acquired a new position in shares of Sandisk in the third quarter valued at approximately $591,000.

Sandisk Trading Up 2.0%

NASDAQ SNDK opened at $1,600.62 on Friday. The company has a market cap of $234.36 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20. The company has a 50 day moving average of $1,663.24 and a 200-day moving average of $1,217.48. Sandisk Corporation has a 1-year low of $43.56 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly 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 business had revenue of $8.96 billion for the quarter. During the same period in the prior year, the company earned $0.29 EPS. The company’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 forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings cut Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Finally, Citigroup reduced their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $1,999.27.

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

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction 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 transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is currently owned by insiders.

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.