Sandisk Corporation $SNDK Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 90.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,095 shares of the data storage provider’s stock after purchasing an additional 4,331 shares during the period. Sandisk makes up 0.7% of Inspire Investing LLC’s investment portfolio, making the stock its 19th biggest holding. Inspire Investing LLC’s holdings in Sandisk were worth $15,824,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. XXI Wealth LLC raised its holdings in Sandisk by 26.9% during the third quarter. XXI Wealth LLC now owns 217 shares of the data storage provider’s stock valued at $378,000 after buying an additional 46 shares in the last quarter. BIP Wealth LLC lifted its position in shares of Sandisk by 17.0% in the third quarter. BIP Wealth LLC now owns 124 shares of the data storage provider’s stock worth $216,000 after buying an additional 18 shares during the last quarter. MBL Wealth LLC lifted its position in shares of Sandisk by 125.8% in the third quarter. MBL Wealth LLC now owns 804 shares of the data storage provider’s stock worth $1,399,000 after buying an additional 448 shares during the last quarter. Indiana Trust & Investment Management Co boosted its stake in shares of Sandisk by 362.5% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 1,272 shares of the data storage provider’s stock worth $2,213,000 after acquiring an additional 997 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of Sandisk by 4.0% during the 3rd quarter. Root Financial Partners LLC now owns 289 shares of the data storage provider’s stock worth $503,000 after acquiring an additional 11 shares in the last quarter.

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at $44,722,285.65. This represents a 8.36% 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. Over the last three months, insiders have sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Arete Research boosted their target price on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Evercore restated an “outperform” rating and issued a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Mizuho upped their target price on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Finally, Rosenblatt Securities started coverage on Sandisk in a report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It’s Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

Sandisk Price Performance

Shares of SNDK opened at $1,238.03 on Friday. The company has a market capitalization of $178.93 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.13 and a beta of 5.23. Sandisk Corporation has a one year low of $164.56 and a one year high of $2,354.39. The company’s fifty day moving average price is $1,595.43 and its 200 day moving average price is $1,520.09.

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, 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 company had revenue of $8.96 billion during the quarter. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a share repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are 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.