Sanctuary Advisors LLC Purchases Shares of 10,297 Sandisk Corporation $SNDK

Sanctuary Advisors LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,297 shares of the data storage provider’s stock, valued at approximately $23,413,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Handelsbanken Fonder AB grew its position in shares of Sandisk by 35.1% in the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after purchasing an additional 14,964 shares during the period. Allworth Financial LP increased its stake in shares of Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares in the last quarter. Tredje AP fonden acquired a new position in shares of Sandisk during the 4th quarter worth about $7,821,000. ProShare Advisors LLC lifted its stake in Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after buying an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Sandisk in the 4th quarter valued at about $422,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Sandisk Price Performance

Shares of SNDK opened at $1,596.08 on Monday. Sandisk Corporation has a 52-week low of $45.63 and a 52-week high of $2,354.39. The stock has a fifty day simple moving average of $1,655.56 and a two-hundred day simple moving average of $1,224.03. The company has a market capitalization of $233.70 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm posted $0.29 EPS. The company’s revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared 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 shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on SNDK. Wedbush reiterated an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Susquehanna dropped their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research report on Thursday, July 23rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,999.27.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% 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 3,800 shares of company stock worth $6,504,856 over the last ninety days. 0.21% of the stock is owned by insiders.

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.