464 Sandisk Corporation $SNDK Shares Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC decreased its position in Sandisk Corporation (NASDAQ:SNDK) by 28.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,164 shares of the data storage provider’s stock after selling 464 shares during the period. Consilium Wealth Advisory LLC’s holdings in Sandisk were worth $2,025,000 at the end of the most recent quarter.

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

Sandisk Trading Down 4.1%

Sandisk stock traded down $61.26 during midday trading on Wednesday, reaching $1,421.07. The stock had a trading volume of 4,105,041 shares, compared to its average volume of 15,110,908. Sandisk Corporation has a 12 month low of $130.50 and a 12 month high of $2,354.39. The company has a market capitalization of $205.39 billion, a P/E ratio of 19.46, a PEG ratio of 0.15 and a beta of 5.23. The company has a fifty day moving average price of $1,598.08 and a two-hundred day moving average price of $1,487.22.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the company posted $0.29 EPS. The firm’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, equities research analysts predict 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 share repurchase program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure remains a major long-term growth driver. A bullish outlook for 2027 argues that the AI buildout is still supply-constrained, potentially supporting demand for SanDisk’s NAND and enterprise storage products. Here’s the Bull Case for NVIDIA, Micron, and SanDisk for 2027
• Positive Sentiment: Investor Nicholas Mugalli reiterated a highly bullish long-term view, forecasting a $3,000 price target over two years—approximately double recent trading levels—based on projected earnings growth and a potentially low forward earnings multiple. SanDisk Has More Upside
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. Other bullish commentary points to robust NAND pricing, long-term contracts and financial guarantees that could support cash generation. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Investors are also awaiting September inflation data and monitoring mixed results from chip-equipment maker ASML, adding broader market uncertainty to the sector’s move.
• Negative Sentiment: The primary catalyst is China competition. CXMT’s reported advances and plans to target server memory have raised fears that Chinese suppliers could eventually pressure SanDisk’s pricing, market share and profit margins. SanDisk Shares Slip As Chinese Chipmaker’s Advances Spark Memory Stock Selloff
• Negative Sentiment: SanDisk has been caught in a broader memory and AI-infrastructure selloff, with concerns about AI funding, slowing memory-price gains and the durability of elevated earnings prompting investors to lock in gains despite bullish valuation targets.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a research note on Monday, August 10th. New Street Research set a $3,000.00 price target on Sandisk in a research note on Thursday, August 6th. The Goldman Sachs Group reissued 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. Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,120.65.

Insider Buying and Selling at Sandisk

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of Sandisk stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider owned 25,305 shares of the company’s stock, valued at $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

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.