448 Sandisk Corporation $SNDK Shares Bought by MBL Wealth LLC

MBL Wealth LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 125.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 804 shares of the data storage provider’s stock after purchasing an additional 448 shares during the quarter. MBL Wealth LLC’s holdings in Sandisk were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Sandisk in the 2nd quarter worth $23,408,732,000. Situational Awareness LP boosted its holdings in Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Wellington Management Group LLP grew its position in Sandisk by 71.2% during the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after acquiring an additional 443,714 shares during the period. Amundi grew its position in Sandisk by 135.5% during the first quarter. Amundi now owns 872,632 shares of the data storage provider’s stock valued at $554,418,000 after acquiring an additional 502,166 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Sandisk by 33.3% during the third quarter. Assenagon Asset Management S.A. now owns 828,900 shares of the data storage provider’s stock valued at $1,442,195,000 after acquiring an additional 207,051 shares during the period.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SNDK shares. New Street Research set a $3,000.00 target price on Sandisk in a report on Thursday, August 6th. Wells Fargo & Company raised their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Mizuho lifted their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Insiders Place Their Bets

In other news, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. 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. In the last 90 days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company’s stock.

Sandisk Stock Down 8.5%

Shares of NASDAQ SNDK opened at $1,260.93 on Friday. Sandisk Corporation has a fifty-two week low of $146.00 and a fifty-two week high of $2,354.39. The business has a 50 day moving average price of $1,603.49 and a two-hundred day moving average price of $1,522.08. The firm has a market cap of $182.24 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Sandisk’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its board has authorized a stock buyback program 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 repurchase up to 6.6% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.