Sandisk Corporation $SNDK Stock Position Boosted by Gunderson Capital Management LLC

Gunderson Capital Management LLC boosted its position in Sandisk Corporation (NASDAQ:SNDK) by 170.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,508 shares of the data storage provider’s stock after buying an additional 6,623 shares during the quarter. Sandisk makes up about 4.9% of Gunderson Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Gunderson Capital Management LLC’s holdings in Sandisk were worth $18,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Dogwood Wealth Management LLC lifted its position in Sandisk by 14.3% during the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Nilsine Partners LLC grew its position in shares of Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after purchasing an additional 7 shares during the last quarter. Insight Wealth Partners LLC increased its stake in shares of Sandisk by 0.4% during the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after purchasing an additional 7 shares during the period. Cornerstone Financial Management LLC increased its stake in shares of Sandisk by 60.0% during the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after purchasing an additional 9 shares during the period. Finally, LifeGoal Investments LLC lifted its holdings in Sandisk by 3.9% during the 3rd quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after purchasing an additional 9 shares during the last quarter.

Sandisk Trading Down 4.7%

SNDK stock traded down $65.74 during mid-day trading on Thursday, hitting $1,337.60. The stock had a trading volume of 8,914,183 shares, compared to its average volume of 15,096,294. The firm has a fifty day simple moving average of $1,599.14 and a 200 day simple moving average of $1,492.85. The firm has a market capitalization of $193.32 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.15 and a beta of 5.23. Sandisk Corporation has a 52 week low of $136.29 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during 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% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Share repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

SNDK has been the subject of several recent research reports. Mizuho boosted their price target on Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. New Street Research set a $3,000.00 target price on Sandisk in a report on Thursday, August 6th. UBS Group reissued an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. The Goldman Sachs Group restated 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. Finally, Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Insiders Place Their Bets

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 the firm’s 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 in the company, valued at approximately $205,479,078.08. The trade was 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. In the last three months, insiders have sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks Research upgraded Sandisk from “hold” to “strong buy,” adding a favorable analyst signal after the recent pullback.
• Positive Sentiment: Sandisk’s data-storage partnership with Meta Platforms for Meta VR Glasses supports the company’s exposure to growing AI, virtual-reality and high-performance storage demand. SanDisk Stock Drops Despite a Data Storage Partnership with Meta
• Positive Sentiment: Some analysts view the decline as a buying opportunity, citing strong AI infrastructure demand, robust NAND pricing and Sandisk’s long-term contract backlog. One bullish view places a potential target at $3,000, while other commentary argues that fears of a memory-cycle breakdown are premature. AI Memory Chip Selloff Looks Overblown
• Neutral Sentiment: TSMC’s indication that AI-chip demand remains greater than supply supports the long-term outlook for memory suppliers, but it has not offset near-term concerns about valuation, competition and sector-wide risk reduction.
• Negative Sentiment: Reports that CXMT has made progress in designing and developing server memory are raising fears that Chinese competition could eventually pressure Sandisk’s market share, pricing power and profit margins. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: The memory-stock selloff has broadened across Sandisk, Micron, SK hynix and Samsung, with roughly $1 trillion in combined market value reportedly erased since October 2. A broader AI-trade unwind and an expected eighth consecutive decline for the semiconductor ETF SOXX are adding selling pressure. Chip Meltdown Hits Memory Makers
• Negative Sentiment: Hotter-than-expected U.S. inflation data has increased concern about interest rates and reduced appetite for high-beta technology stocks, further weighing on Sandisk despite its strong AI-related growth prospects. Why Memory Stocks Are Falling

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.