Robeco Institutional Asset Management B.V. Purchases 99,400 Shares of Sandisk Corporation $SNDK

Robeco Institutional Asset Management B.V. raised its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 25,618.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,788 shares of the data storage provider’s stock after buying an additional 99,400 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Sandisk worth $173,620,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk in the first quarter valued at about $25,000. Atomic Invest LLC purchased a new stake in shares of Sandisk during the second quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Sandisk during the first quarter worth about $29,000. Dunhill Financial LLC purchased a new stake in shares of Sandisk during the second quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Sandisk in the second quarter worth about $32,000.

Sandisk Trading Down 0.4%

NASDAQ:SNDK opened at $1,365.38 on Wednesday. The company has a 50-day moving average price of $1,608.16 and a 200-day moving average price of $1,513.38. Sandisk Corporation has a 12 month low of $142.76 and a 12 month high of $2,354.39. The stock has a market cap of $197.34 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 0.14 and a beta of 5.23.

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, topping 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 period in the previous year, the company earned $0.29 earnings per share. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s upcoming fiscal first-quarter report on October 29 is a key potential catalyst. Investors will focus on whether strong demand, pricing, margins and management guidance support the company’s recently upgraded earnings outlook. Sandisk Q1 Preview
• Positive Sentiment: Recent bullish commentary points to strong cash generation, favorable earnings revisions and potential benefits from Nvidia’s NVHBM technology becoming an industry standard for high-bandwidth memory connections. Sandisk was also upgraded to Zacks’ Rank #1, or Strong Buy. Sandisk upgraded to Strong Buy
• Neutral Sentiment: Analysts and investors remain divided: some view the recent sell-off as technically oversold and see upside, while others argue that the stock’s low forward valuation depends on unusually strong memory pricing continuing. Investor commentary on Sandisk
• Negative Sentiment: Memory stocks broadly weakened after a selloff in Seoul revived fears that data-center and AI spending could slow. Sandisk, Micron and SK Hynix were all lower in premarket trading, highlighting sector-wide rather than company-specific pressure. AI memory stocks fall
• Negative Sentiment: Jim Cramer warned that Sandisk and Western Digital could be especially exposed if data-center capacity growth slows. Separately, China’s CXMT technology breakthrough has raised concerns about additional memory supply, price competition and pressure on Sandisk’s profit surge, which has been driven substantially by higher prices. Cramer warning on Sandisk

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SNDK shares. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Wells Fargo & Company upped their price target on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. BNP Paribas Exane dropped their price objective on Sandisk from $1,900.00 to $1,400.00 in a report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Finally, Bank of America lifted their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

Insider Transactions at Sandisk

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the stock in a transaction that occurred on 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 completion of 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. Insiders have sold a total of 77,899 shares of company stock worth $121,159,122 over the last quarter. 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.