Sandisk Corporation $SNDK Stock: MBL Wealth LLC Boosts Holdings

MBL Wealth LLC increased its position in Sandisk Corporation (NASDAQ:SNDK) by 125.8% in the third quarter, Holdings Channel reports. The firm owned 804 shares of the data storage provider’s stock after purchasing an additional 448 shares during the quarter. MBL Wealth LLC’s holdings in Sandisk were worth $1,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. bought a new position in Sandisk during the 1st quarter worth approximately $25,000. Atomic Invest LLC acquired a new position in shares of Sandisk in the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk in the 1st quarter worth approximately $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk in the 2nd quarter worth approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Sandisk in the 2nd quarter valued at approximately $32,000.

Sandisk Price Performance

NASDAQ SNDK opened at $1,260.93 on Friday. Sandisk Corporation has a 12 month low of $146.00 and a 12 month high of $2,354.39. The firm has a market capitalization of $182.24 billion, a PE ratio of 17.30, a P/E/G ratio of 0.14 and a beta of 5.23. The company’s 50 day simple moving average is $1,603.49 and its 200 day simple moving average is $1,522.08.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping 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 revenue for the quarter was up 371.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current fiscal 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 shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.

Insider Transactions at Sandisk

In other news, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The stock was 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 directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% 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 a total of 77,899 shares of company stock valued at $121,159,122 in the last quarter. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target 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. Rosenblatt Securities initiated coverage on Sandisk in a research note on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price objective on the stock. Citigroup reaffirmed a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Raymond James Financial boosted their target price on shares of Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

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.