Sandisk Corporation $SNDK Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,140 shares of the data storage provider’s stock after buying an additional 2,946 shares during the period. Sterling Capital Management LLC’s holdings in Sandisk were worth $19,382,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ramsey Quantitative Systems raised its stake in Sandisk by 159.1% during the 3rd quarter. Ramsey Quantitative Systems now owns 57 shares of the data storage provider’s stock valued at $99,000 after purchasing an additional 35 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of Sandisk by 87.9% in the third quarter. James Investment Research Inc. now owns 280 shares of the data storage provider’s stock valued at $487,000 after buying an additional 131 shares during the period. Washington Trust Advisors Inc. grew its position in Sandisk by 252.2% during the third quarter. Washington Trust Advisors Inc. now owns 81 shares of the data storage provider’s stock worth $140,000 after buying an additional 58 shares in the last quarter. Inspire Investing LLC grew its position in Sandisk by 90.9% during the third quarter. Inspire Investing LLC now owns 9,095 shares of the data storage provider’s stock worth $15,824,000 after buying an additional 4,331 shares in the last quarter. Finally, XXI Wealth LLC grew its position in Sandisk by 26.9% during the third quarter. XXI Wealth LLC now owns 217 shares of the data storage provider’s stock worth $378,000 after buying an additional 46 shares in the last quarter.

Trending Headlines about Sandisk

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 Stock Performance

SNDK traded down $22.90 during trading on Friday, reaching $1,238.03. 7,871,991 shares of the company’s stock were exchanged, compared to its average volume of 7,999,073. The company’s fifty day moving average price is $1,595.43 and its 200-day moving average price is $1,520.09. Sandisk Corporation has a fifty-two week low of $164.56 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $178.93 billion, a PE ratio of 16.98, a P/E/G ratio of 0.13 and a beta of 5.23.

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

Sandisk announced that its Board of Directors has approved a stock buyback plan 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 repurchase up to 6.6% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several research reports. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. Arete Research increased their price target 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. assumed coverage on Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Insider Buying and Selling

In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. Corporate insiders own 0.29% of the company’s stock.

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.