Sandisk Corporation $SNDK Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 21.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,781 shares of the data storage provider’s stock after buying an additional 1,008 shares during the quarter. GAMMA Investing LLC’s holdings in Sandisk were worth $13,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. bought a new stake in Sandisk in the first quarter worth about $25,000. Whittier Trust Co. bought a new position in shares of Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new position in shares of Sandisk during the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Sandisk in the 1st quarter worth approximately $29,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNDK. Melius Research set a $2,350.00 target price on shares of Sandisk in a report on Monday, May 18th. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Sanford C. Bernstein lifted their price target on shares of Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,825 shares of company stock worth $10,863,593 over the last three months. 0.21% of the stock is owned by insiders.

Sandisk Trading Up 10.8%

SNDK stock opened at $1,427.62 on Wednesday. Sandisk Corporation has a one year low of $40.53 and a one year high of $2,354.39. The firm has a market capitalization of $211.42 billion, a PE ratio of 49.62 and a beta of 5.20. The firm has a 50-day moving average of $1,722.09 and a two-hundred day moving average of $1,135.35.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI memory standardization strengthens Sandisk’s growth opportunity. Sandisk and SK hynix released the first Open Compute Project technical specification for High Bandwidth Flash (HBF), with Google involved in the broader effort. The standard is intended to support AI inference and could help create a new market for Sandisk’s flash-storage technology. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
• Positive Sentiment: New QLC technology targets AI and data-intensive workloads. Sandisk and Kioxia unveiled 10th-generation QLC 3D flash memory with industry-leading bit density. The technology could improve storage capacity and economics for cloud platforms, AI infrastructure and other high-volume applications. New 3D Flash Memory Technology from Kioxia and Sandisk
• Positive Sentiment: Investors are positioning ahead of earnings. Sandisk is scheduled to report fiscal fourth-quarter results after Wednesday’s close. Analysts expect AI data-center demand, enterprise SSD sales, firmer NAND pricing and adoption of TLC and QLC products to support revenue and margins. Some bullish previews project a revenue beat and non-GAAP earnings of roughly $36 per share. Can Strong Data Center and Edge Boost SNDK’s Top Line in Q4 Earnings?
• Positive Sentiment: Recent analyst commentary has turned more constructive. Several previews argue that the prior selloff reflected sector-wide forced selling and macro concerns rather than company-specific deterioration. Analysts cite multi-year contracts, enterprise SSD demand and the potential Stargate data-center ramp as reasons for a possible rebound. Sandisk Q4 Preview From A Bear
• Neutral Sentiment: Earnings remain the immediate test. Investors will watch shipment growth versus pricing, enterprise and data-center demand, customer commitments, contract coverage for fiscal 2027 and first-quarter margin guidance. The options market implies substantial post-earnings volatility. Sandisk and Western Digital Earnings Preview
• Negative Sentiment: Key risks include NAND oversupply and sustainability of margins. A bearish view notes that prior gains were driven more by average selling prices than shipment growth. Rising Chinese production, potential YMTC pricing pressure and variable pricing in Sandisk’s long-term contracts could limit future upside. Sandisk Q4 Earnings Preview

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.