Sandisk Corporation $SNDK Shares Sold by Retireful LLC

Retireful LLC cut its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,125 shares of the data storage provider’s stock after selling 368 shares during the quarter. Sandisk comprises approximately 2.4% of Retireful LLC’s investment portfolio, making the stock its 12th biggest holding. Retireful LLC’s holdings in Sandisk were worth $2,558,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SNDK. Carter Financial Group INC. purchased a new position in Sandisk in the 2nd quarter worth $282,000. Paragon Private Wealth Management LLC purchased a new stake in Sandisk during the 2nd quarter valued at about $282,000. Continuum Advisory LLC purchased a new stake in Sandisk during the 2nd quarter valued at about $59,000. Valliance Asset Management Ltd increased its holdings in shares of Sandisk by 92.0% in the second quarter. Valliance Asset Management Ltd now owns 88,949 shares of the data storage provider’s stock valued at $202,246,000 after purchasing an additional 42,619 shares during the period. Finally, Nykredit A S acquired a new position in shares of Sandisk in the second quarter valued at about $144,321,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the sale, the insider directly owned 29,884 shares in the company, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their position. 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. In the last 90 days, insiders sold 1,800 shares of company stock valued at $2,865,456. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of SNDK stock opened at $1,553.40 on Thursday. Sandisk Corporation has a 1-year low of $50.65 and a 1-year high of $2,354.39. The company has a market cap of $227.45 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 0.15 and a beta of 5.17. The stock has a 50 day simple moving average of $1,565.94 and a 200-day simple moving average of $1,275.38.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping 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 prior year, the firm earned $0.29 EPS. The firm’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. Analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has approved a stock buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Bank of America lifted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $1,998.14.

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.