Tucker Asset Management LLC Acquires New Position in Sandisk Corporation $SNDK

Tucker Asset Management LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 480 shares of the data storage provider’s stock, valued at approximately $1,091,000.

Other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the second quarter worth $32,000. Kilter Group LLC acquired a new stake in shares of Sandisk during the second quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Sandisk in the second quarter valued at about $34,000. Finally, Triumph Capital Management increased its holdings in Sandisk by 220.0% in the second quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Susquehanna cut their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Citigroup cut their price target on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, New Street Research set a $3,000.00 price objective on shares of Sandisk in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk currently has an average rating of “Buy” and an average target price of $1,998.14.

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the transaction, the insider directly owned 29,884 shares in the company, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their position. The sale was disclosed in a document filed 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. Insiders sold a total of 1,800 shares of company stock worth $2,865,456 over the last quarter. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,740.00 on Monday. The company has a market capitalization of $254.77 billion, a PE ratio of 23.87, a PEG ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 12 month low of $63.74 and a 12 month high of $2,354.39. The stock’s fifty day simple moving average is $1,543.33 and its 200 day simple moving average is $1,289.76.

Sandisk (NASDAQ:SNDK) last posted 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’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 predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a stock buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

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.