621 Shares of Sandisk Corporation $SNDK Bought by Integrated Financial Solutions Inc.

Integrated Financial Solutions Inc. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 621 shares of the data storage provider’s stock, valued at approximately $1,080,000. Sandisk makes up 0.6% of Integrated Financial Solutions Inc.’s holdings, making the stock its 21st largest position.

A number of other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its holdings in Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Nilsine Partners LLC raised its position in Sandisk by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after purchasing an additional 7 shares during the last quarter. Insight Wealth Partners LLC boosted its stake in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after purchasing an additional 7 shares in the last quarter. Cornerstone Financial Management LLC boosted its stake in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after purchasing an additional 9 shares in the last quarter. Finally, LifeGoal Investments LLC grew its holdings in shares of Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after purchasing an additional 9 shares during the last quarter.

Sandisk Trading Down 1.7%

Sandisk stock opened at $1,581.82 on Friday. Sandisk Corporation has a 1 year low of $116.17 and a 1 year high of $2,354.39. The company has a market cap of $228.62 billion, a PE ratio of 21.70, a PEG ratio of 0.16 and a beta of 5.23. The company’s 50-day moving average is $1,593.00 and its two-hundred day moving average is $1,470.61.

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. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk declared that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that authorizes the company to buy back $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Sandisk

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 in the last three months. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of research reports. Rosenblatt Securities assumed coverage on Sandisk in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 target price for the company. Citigroup reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective on the stock in a report on Monday, August 10th. Evercore reaffirmed an “outperform” rating and issued a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. Finally, Mizuho upped their target price on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand supports the growth outlook. Analysts argue that expanding artificial-intelligence data centers could drive sustained demand for Sandisk’s flash storage, potentially extending the current growth cycle beyond a typical memory upturn. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Recent operating results remain exceptionally strong. Fiscal fourth-quarter revenue rose 372% year over year to approximately $8.97 billion, while gross margin reached 84.6%. The company also exceeded the earnings consensus and issued strong first-quarter fiscal 2027 guidance, reinforcing the bullish fundamental case. Sandisk Posted an 84.6% Margin Quarter
• Positive Sentiment: Mizuho raised its price target, citing demand from “agentic AI,” providing additional support for Sandisk and other memory stocks after the recent decline. Mizuho Raises SanDisk Price Target
• Neutral Sentiment: Short-interest data show no reported short position as of October 9, implying no measurable short-selling pressure in the cited figures. However, the report’s statement that short interest “increased” while totaling zero shares appears internally inconsistent. Short Interest Report
• Negative Sentiment: Memory-sector weakness is weighing on near-term trading. Samsung’s preliminary revenue miss raised concerns about memory demand and pricing, sending Micron, SK Hynix and Sandisk lower together. Investors are also watching higher Treasury yields, oil prices and profit-taking after Sandisk’s extraordinary one-year rally. The Memory Trade Cools After Samsung Results

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.