1,021 Shares of Sandisk Corporation $SNDK Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,021 shares of the data storage provider’s stock, valued at approximately $1,776,000. Sandisk comprises 0.7% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Sandisk during the 2nd quarter worth approximately $23,408,732,000. Situational Awareness LP increased its holdings in shares of Sandisk by 42.4% during the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Sandisk by 71.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after acquiring an additional 443,714 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sandisk by 57.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock valued at $1,652,370,000 after acquiring an additional 264,935 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Sandisk in the 2nd quarter valued at $1,621,353,000.

Sandisk Stock Down 0.4%

NASDAQ:SNDK opened at $1,365.38 on Wednesday. The firm has a market capitalization of $197.34 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. The stock’s 50-day simple moving average is $1,608.16 and its 200 day simple moving average is $1,513.38. Sandisk Corporation has a twelve month low of $142.76 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter in the previous year, the company posted $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. On average, analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a share buyback plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Share buyback plans are often an indication that the company’s board believes its shares are undervalued.

More Sandisk News

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

Insider Buying and Selling

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the 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 represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock in a transaction 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 owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This trade represents a 9.65% 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. In the last ninety days, insiders sold 77,899 shares of company stock worth $121,159,122. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SNDK shares. Evercore restated an “outperform” rating and set a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price target on the stock. BNP Paribas Exane lowered their price target on shares of Sandisk from $1,900.00 to $1,400.00 in a report on Thursday, August 6th. Finally, Wells Fargo & Company increased 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. Three investment 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 company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

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.