SVB Wealth LLC Acquires Shares of 310 Sandisk Corporation $SNDK

SVB Wealth LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 310 shares of the data storage provider’s stock, valued at approximately $705,000.

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk in the first quarter worth $25,000. Greenline Wealth Management LLC purchased a new stake in Sandisk during the 4th quarter valued at $26,000. IMG Wealth Management Inc. purchased a new stake in Sandisk during the 1st quarter valued at $29,000. Dunhill Financial LLC bought a new stake in Sandisk in the 2nd quarter worth $30,000. Finally, Parallel Advisors LLC bought a new stake in Sandisk in the 3rd quarter worth $30,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand remains the primary catalyst. Analysts say NAND demand from data centers and AI systems is strengthening, while constrained supply could support pricing and margins. Goldman Sachs reportedly believes the worst of the memory-sector downturn may be over, helping lift Sandisk and peers Micron and SK Hynix. Memory stocks rally article
• Positive Sentiment: Analysts continue to see upside. Citi reaffirmed a Buy rating and maintained its $2,100 price target, citing strengthening AI-related NAND demand. Other bullish commentary points to approximately $93.9 billion in minimum-revenue commitments, potentially more than $24 billion in fiscal 2027 free cash flow and strong pricing power from new business models. Citi Sandisk rating article
• Positive Sentiment: Index inclusion could provide additional demand. Sandisk is scheduled to join the S&P 100 before trading opens September 21, which may increase institutional visibility and trigger purchases by index-tracking funds. S&P 100 inclusion article
• Neutral Sentiment: The investment case is increasingly dependent on momentum. SNDK has risen more than 600% in less than a year and trades near the upper end of its 52-week range. Bullish investors expect another leg higher, but valuation models and technical signals disagree about whether earnings growth can justify the move. SanDisk price of momentum article
• Negative Sentiment: Profit-taking and analyst caution could increase volatility. Zacks Research downgraded Sandisk from Strong Buy to Hold, while coverage warns that memory demand, NAND pricing and customer spending remain cyclical. Two executives also sold shares under pre-arranged Rule 10b5-1 plans, including roughly $12 million of reported insider sales since the beginning of September; both retained substantial holdings. Sandisk insider trading article

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. UBS Group restated an “overweight” rating and set a $1,750.00 price target on shares of Sandisk in a report on Friday, August 14th. Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Finally, Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,998.14.

Sandisk Trading Up 1.5%

Shares of SNDK opened at $1,764.17 on Thursday. Sandisk Corporation has a 1-year low of $72.03 and a 1-year high of $2,354.39. The firm’s 50-day moving average price is $1,521.04 and its 200-day moving average price is $1,313.91. The firm has a market capitalization of $258.31 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 0.17 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last released 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 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 period in the previous year, the company earned $0.29 earnings per share. Sandisk’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, research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a share buyback 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 reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Sandisk

In other news, EVP Alper Ilkbahar sold 4,712 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,220 shares of company stock valued at $14,829,223 in the last three months. Corporate 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.