N10 Assets LLC Acquires New Position in Sandisk Corporation $SNDK

N10 Assets LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, Holdings Channel reports. The firm bought 5,199 shares of the data storage provider’s stock, valued at approximately $11,821,000. Sandisk comprises 5.1% of N10 Assets LLC’s holdings, making the stock its 7th biggest position.

Several other institutional investors also recently modified their holdings of SNDK. Dunhill Financial LLC acquired a new position in Sandisk during the second quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at approximately $32,000. Kilter Group LLC bought a new stake in Sandisk during the 2nd quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Sandisk during the 2nd quarter worth approximately $34,000. Finally, Ramsey Quantitative Systems acquired a new stake in Sandisk during the 2nd quarter worth approximately $50,000.

Sandisk Stock Down 1.0%

Shares of SNDK opened at $1,484.95 on Friday. Sandisk Corporation has a twelve month low of $48.56 and a twelve month high of $2,354.39. The stock has a market capitalization of $217.43 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20. The company has a 50 day moving average of $1,609.87 and a 200-day moving average of $1,248.71.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter. During the same period in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its board has authorized a share buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
• Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
• Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
• Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
• Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
• Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SNDK shares. Mizuho reduced their price target on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a report on Tuesday. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective on the stock. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’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 in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk 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 sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,800 shares of company stock worth $6,504,856 over the last quarter. Company insiders own 0.21% of the company’s stock.

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.