Proficio Capital Partners LLC Purchases Shares of 812 Sandisk Corporation $SNDK

Proficio Capital Partners LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, Holdings Channel reports. The fund purchased 812 shares of the data storage provider’s stock, valued at approximately $1,846,000.

Several other institutional investors have also recently made changes to their positions in SNDK. Nwam LLC purchased a new position in shares of Sandisk in the second quarter worth approximately $220,000. Teza Capital Management LLC purchased a new stake in Sandisk during the second quarter valued at approximately $430,000. Rehmann Capital Advisory Group purchased a new stake in Sandisk during the second quarter valued at approximately $209,000. BTG Pactual Asset Management US LLC raised its position in Sandisk by 77.5% in the second quarter. BTG Pactual Asset Management US LLC now owns 710 shares of the data storage provider’s stock worth $1,614,000 after acquiring an additional 310 shares during the period. Finally, Headlands Technologies LLC bought a new position in Sandisk in the second quarter worth approximately $1,748,000.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of recent research reports. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. JPMorgan Chase & Co. began coverage on Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price on the stock. Morgan Stanley raised their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Susquehanna lowered their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and an average target price of $1,998.14.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on 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 sale, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,800 shares of company stock worth $2,991,696. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Up 5.5%

NASDAQ SNDK opened at $1,566.70 on Tuesday. Sandisk Corporation has a twelve month low of $50.07 and a twelve month high of $2,354.39. The business has a 50-day moving average price of $1,581.73 and a 200-day moving average price of $1,262.28. The firm has a market cap of $229.40 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 0.15 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same period last year, the business posted $0.29 EPS. The firm’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. Research analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

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

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.