EP Wealth Advisors LLC Buys Shares of 4,891 Sandisk Corporation $SNDK

EP Wealth Advisors LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,891 shares of the data storage provider’s stock, valued at approximately $11,121,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Sandisk during the second quarter valued at approximately $32,000. Kilter Group LLC acquired a new position in Sandisk during the second quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Sandisk during the second quarter worth $34,000. Finally, Ramsey Quantitative Systems bought a new stake in Sandisk during the second quarter worth $50,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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 company insiders.

Sandisk Price Performance

Shares of Sandisk stock opened at $1,596.08 on Friday. The company’s 50 day moving average price is $1,655.56 and its two-hundred day moving average price is $1,220.12. The firm has a market capitalization of $233.70 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a fifty-two week low of $45.63 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) 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 company had revenue of $8.96 billion during the quarter. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue 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, analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Wall Street Analyst Weigh In

SNDK has been the topic of a number of research analyst reports. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Raymond James Financial restated an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Royal Bank Of Canada upped their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Wedbush reiterated an “outperform” rating and issued a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Finally, Citigroup decreased their target price on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has an average rating of “Buy” and an average target price 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.