Sandisk Corporation $SNDK Shares Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 90.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,095 shares of the data storage provider’s stock after purchasing an additional 4,331 shares during the quarter. Sandisk accounts for approximately 0.7% of Inspire Investing LLC’s holdings, making the stock its 19th biggest position. Inspire Investing LLC’s holdings in Sandisk were worth $15,824,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SNDK. XXI Wealth LLC increased its holdings in shares of Sandisk by 26.9% during the 3rd quarter. XXI Wealth LLC now owns 217 shares of the data storage provider’s stock worth $378,000 after purchasing an additional 46 shares during the period. BIP Wealth LLC lifted its stake in shares of Sandisk by 17.0% in the third quarter. BIP Wealth LLC now owns 124 shares of the data storage provider’s stock valued at $216,000 after buying an additional 18 shares during the period. MBL Wealth LLC lifted its stake in shares of Sandisk by 125.8% in the third quarter. MBL Wealth LLC now owns 804 shares of the data storage provider’s stock valued at $1,399,000 after buying an additional 448 shares during the period. Indiana Trust & Investment Management Co lifted its stake in shares of Sandisk by 362.5% in the third quarter. Indiana Trust & Investment Management Co now owns 1,272 shares of the data storage provider’s stock valued at $2,213,000 after buying an additional 997 shares during the period. Finally, Root Financial Partners LLC grew its position in Sandisk by 4.0% during the third quarter. Root Financial Partners LLC now owns 289 shares of the data storage provider’s stock worth $503,000 after buying an additional 11 shares in the last quarter.

Insider Buying and Selling at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the 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 transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 firm’s stock in a transaction dated 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 transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This represents a 9.65% 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. Over the last ninety days, insiders sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SNDK has been the topic of several research reports. Evercore restated an “outperform” rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,900.00 price objective (up from $1,800.00) on shares of Sandisk in a research report on Monday, August 10th. Finally, Mizuho lifted their price objective on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,238.03 on Friday. Sandisk Corporation has a 52-week low of $164.56 and a 52-week high of $2,354.39. The stock has a market cap of $178.93 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 0.13 and a beta of 5.23. The firm has a fifty day moving average of $1,595.43 and a 200-day moving average of $1,520.09.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 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 business posted $0.29 earnings per share. Sandisk’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, sell-side analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that allows the company to buy back $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 News Roundup

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 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.