Sandisk Corporation $SNDK Stock Acquired by UNICOM Systems Inc.

UNICOM Systems Inc. lifted its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 64,100 shares of the data storage provider’s stock after buying an additional 5,600 shares during the quarter. Sandisk accounts for about 7.8% of UNICOM Systems Inc.’s holdings, making the stock its 5th biggest holding. UNICOM Systems Inc.’s holdings in Sandisk were worth $111,527,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Sandisk in the second quarter valued at about $23,408,732,000. Evergreen Quality Fund GP Ltd. acquired a new stake in Sandisk during the fourth quarter valued at approximately $255,848,000. Situational Awareness LP lifted its holdings in Sandisk by 42.4% during the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after buying an additional 743,325 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Sandisk during the 2nd quarter worth approximately $1,621,353,000. Finally, Bank of America Corp DE bought a new position in Sandisk during the 2nd quarter worth approximately $1,564,901,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P Global upgraded Sandisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. The upgrade may support investor confidence in the company’s balance sheet. SanDisk Stock Upgraded to BBB by S&P Global
• Positive Sentiment: Investor Nicholas Mugalli said SNDK could reach $3,000 within two years, arguing that projected earnings could leave the stock trading below nine times earnings at that level. Other analysts have also maintained bullish targets, supporting the long-term upside case. SanDisk Has More Upside
• Positive Sentiment: A bullish analysis said fears about Chinese competition and slowing price increases are premature, pointing to robust NAND pricing, approximately $93.9 billion in NBM contracts and $16.5 billion in financial guarantees. Sandisk’s recent earnings also showed sharply higher revenue and earnings. Sandisk: The First Crack in the Memory Supercycle
• Neutral Sentiment: Sandisk is scheduled to report fiscal first-quarter 2027 results on October 29. Management’s guidance of $10.3 billion–$10.8 billion in revenue and $44–$46 in non-GAAP EPS makes the report an important test of whether pricing and margins can remain elevated. Sandisk Falls as Pre-Earnings Caution Weighs on Shares
• Negative Sentiment: Chinese memory maker CXMT outlined progress toward denser memory designs and plans to compete in high-end server memory. The development sparked a broad selloff in memory stocks, with investors fearing future pricing pressure and market-share losses for Sandisk. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: Broader AI-sector weakness and worries about AI funding, lofty semiconductor valuations and the durability of the memory supercycle are weighing on SNDK alongside its peers. Analysts also note that much of Sandisk’s recent growth came from higher pricing, increasing concern about a potential peak in the cycle.
• Negative Sentiment: Reported insider activity shows extensive selling and no insider purchases over the past six months, which may reinforce caution among investors already focused on valuation and earnings risk.

Insider Activity

In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. 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, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This represents a 8.12% 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. In the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SNDK. China Renaissance raised their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective for the company. UBS Group reiterated an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a research note on Friday, August 14th. Bank of America increased their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Trading Down 0.3%

SNDK traded down $5.00 during trading on Tuesday, reaching $1,482.33. 8,323,179 shares of the company were exchanged, compared to its average volume of 15,168,220. The stock has a market cap of $214.24 billion, a P/E ratio of 20.33, a PEG ratio of 0.16 and a beta of 5.23. The firm has a 50 day moving average of $1,598.08 and a 200 day moving average of $1,487.22. Sandisk Corporation has a 52 week low of $120.96 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results 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. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About Sandisk

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.