1,834 Shares in Sandisk Corporation $SNDK Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,834 shares of the data storage provider’s stock, valued at approximately $4,170,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new stake in Sandisk during the 2nd quarter valued at $317,000. Merit Financial Group LLC purchased a new stake in Sandisk in the 3rd quarter worth approximately $408,000. Dimensional Fund Advisors LP acquired a new position in Sandisk in the 3rd quarter valued at $100,080,000. First Trust Advisors LP purchased a new position in shares of Sandisk during the 3rd quarter worth $9,788,000. Finally, Blair William & Co. IL purchased a new position in shares of Sandisk during the 3rd quarter worth $591,000.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’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 value of $697,296.00. Following the transaction, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. 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 sold a total of 3,800 shares of company stock valued at $6,504,856 in the last three months. Insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

Sandisk Price Performance

SNDK opened at $1,641.11 on Monday. The firm has a market capitalization of $243.03 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.16 and a beta of 5.21. The firm’s 50 day moving average is $1,667.87 and its 200-day moving average is $1,186.09. Sandisk Corporation has a 52-week low of $42.82 and a 52-week high of $2,354.39.

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

Sandisk declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SNDK shares. Weiss Ratings lowered Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Bank of America raised their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley lifted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Finally, Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,999.27.

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.