Wealth Management Partners LLC Acquires New Holdings in Sandisk Corporation $SNDK

Wealth Management Partners LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,010 shares of the data storage provider’s stock, valued at approximately $1,757,000.

Several other large investors have also modified their holdings of the stock. Atomic Invest LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in Sandisk during the 2nd quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Sandisk during the 2nd quarter worth $32,000. Kilter Group LLC purchased a new stake in Sandisk in the second quarter valued at $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Sandisk in the second quarter valued at $34,000.

Insider Buying and Selling at Sandisk

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction 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 transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock worth $121,159,122 in the last quarter. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. China Renaissance upped their price objective on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Mizuho lifted 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. Citigroup reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Finally, UBS Group reissued an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What’s Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here’s What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Sandisk Trading Up 0.9%

SNDK stock opened at $1,378.22 on Thursday. The company has a market capitalization of $199.19 billion, a P/E ratio of 18.91, a PEG ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a twelve month low of $144.82 and a twelve month high of $2,354.39. The business has a 50 day simple moving average of $1,608.84 and a 200-day simple moving average of $1,518.14.

Sandisk (NASDAQ:SNDK) last announced its 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. The business had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts predict that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

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

Sandisk Company 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.