480 Shares of Sandisk Corporation $SNDK Bought by Income Insurance Ltd

Income Insurance Ltd acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 480 shares of the data storage provider’s stock, valued at approximately $835,000.

A number of other institutional investors also recently modified their holdings of SNDK. Strengthening Families & Communities LLC increased its holdings in shares of Sandisk by 109.1% in the third quarter. Strengthening Families & Communities LLC now owns 23 shares of the data storage provider’s stock valued at $40,000 after purchasing an additional 12 shares in the last quarter. Sowell Financial Services LLC raised its position in Sandisk by 351.0% in the 3rd quarter. Sowell Financial Services LLC now owns 920 shares of the data storage provider’s stock worth $1,601,000 after purchasing an additional 716 shares during the last quarter. Rodgers & Associates LTD bought a new position in Sandisk in the 3rd quarter worth approximately $289,000. Capstone Capital Management Ltd acquired a new stake in shares of Sandisk in the 3rd quarter valued at $1,776,000. Finally, Range Financial Group LLC increased its stake in shares of Sandisk by 2.6% in the 3rd quarter. Range Financial Group LLC now owns 3,427 shares of the data storage provider’s stock valued at $5,962,000 after buying an additional 87 shares during the period.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at $44,393,644.72. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the transaction, the chief financial officer owned 130,976 shares in the company, valued at $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is currently owned by insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What’s Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here’s What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,378.22 on Thursday. The company’s 50 day simple moving average is $1,608.84 and its 200 day simple moving average is $1,518.14. Sandisk Corporation has a fifty-two week low of $144.82 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $199.19 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.96 billion for the quarter. During the same period in the previous year, the business posted $0.29 earnings per share. Sandisk’s revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its board has approved a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of recent research reports. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada upped their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Rosenblatt Securities started coverage on Sandisk in a report on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 price target on the stock. Arete Research lifted their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. initiated 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. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

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.