Tucker Asset Management LLC Takes $1.09 Million Position in Sandisk Corporation $SNDK

Tucker Asset Management LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 480 shares of the data storage provider’s stock, valued at approximately $1,091,000.

A number of other hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. acquired a new position in Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC bought a new stake in Sandisk during the third quarter worth about $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth approximately $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in shares of Sandisk during the third quarter worth approximately $591,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on SNDK. Susquehanna cut their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. JPMorgan Chase & Co. began coverage on Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective for the company. Weiss Ratings upgraded Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada boosted their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Sandisk presently has an average rating of “Buy” and a consensus target price of $1,998.14.

Sandisk Price Performance

SNDK opened at $1,740.00 on Monday. The stock has a market capitalization of $254.77 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17. The company’s 50 day simple moving average is $1,543.33 and its 200-day simple moving average is $1,289.76. Sandisk Corporation has a one year low of $63.74 and a one year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted 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 firm had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

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

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the transaction, the insider owned 29,884 shares of the company’s stock, valued at $45,591,030.40. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is currently owned by company insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

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.