Indiana Trust & Investment Management Co Buys 997 Shares of Sandisk Corporation $SNDK

Indiana Trust & Investment Management Co raised its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 362.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,272 shares of the data storage provider’s stock after purchasing an additional 997 shares during the period. Indiana Trust & Investment Management Co’s holdings in Sandisk were worth $2,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC increased its holdings in shares of Sandisk by 4.0% in the 3rd 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 during the last quarter. Carter Financial Group INC. lifted its holdings in shares of Sandisk by 8.9% during the 3rd quarter. Carter Financial Group INC. now owns 135 shares of the data storage provider’s stock worth $235,000 after acquiring an additional 11 shares during the last quarter. E. Ohman J or Asset Management AB bought a new stake in shares of Sandisk during the 3rd quarter worth $6,577,000. Cypress Wealth Services LLC lifted its holdings in shares of Sandisk by 80.9% during the 3rd quarter. Cypress Wealth Services LLC now owns 161 shares of the data storage provider’s stock worth $267,000 after acquiring an additional 72 shares during the last quarter. Finally, Wealth Management Partners LLC purchased a new position in Sandisk in the third quarter worth $1,757,000.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the sale, the insider owned 25,588 shares of the company’s stock, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 130,976 shares in the company, valued at $205,479,078.08. This represents a 0.76% decrease in their position. 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 have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNDK. Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price on the stock in a research note on Monday, August 10th. BNP Paribas Exane dropped their price target on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. 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 report on Monday, August 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Finally, Wells Fargo & Company increased their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Sandisk Price Performance

SNDK opened at $1,260.93 on Friday. Sandisk Corporation has a one year low of $146.00 and a one year high of $2,354.39. The business has a 50 day simple moving average of $1,603.49 and a two-hundred day simple moving average of $1,522.08. The firm has a market capitalization of $182.24 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock 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 repurchase up to 6.6% of its stock through open market purchases. Share repurchase 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.