Family Wealth Partners LLC Trims Stock Position in Sandisk Corporation $SNDK

Family Wealth Partners LLC trimmed its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 79.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112 shares of the data storage provider’s stock after selling 446 shares during the quarter. Family Wealth Partners LLC’s holdings in Sandisk were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new position in shares of Sandisk in the second quarter valued at approximately $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk during the third quarter worth approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth $9,788,000. Finally, Blair William & Co. IL purchased a new position in Sandisk in the 3rd quarter valued at $591,000.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated 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 transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,271.05 on Wednesday. The firm has a market capitalization of $188.23 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.14 and a beta of 5.20. Sandisk Corporation has a fifty-two week low of $42.82 and a fifty-two week high of $2,354.39. The stock’s fifty day moving average is $1,680.61 and its two-hundred day moving average is $1,164.50.

Sandisk (NASDAQ:SNDK) last announced 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. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 187.19 EPS for the current fiscal year.

Sandisk announced that its board has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Argus upgraded Sandisk from “Hold” to “Buy,” adding to the positive analyst momentum surrounding the shares. Benzinga
• Positive Sentiment: Sandisk’s fiscal fourth-quarter discussion highlighted rising AI-driven storage demand, multiyear customer contracts and disciplined supply growth, giving investors greater visibility into fiscal 2027. Sandisk Q4 Earnings Call Centers on AI Demand and Long-Term Deals
• Positive Sentiment: Recent bullish commentary argues that strong AI-related demand, pricing power, market-share gains and long-term hyperscaler commitments could support further earnings growth and a recovery toward prior highs. Prediction: Sandisk Will Reclaim Its All-Time High by the End of the Year
• Positive Sentiment: Several analysts continue to rate SNDK a Buy, with bullish views suggesting the recent selloff was an opportunity to buy into durable AI and storage demand. What’s Going On With Sandisk Stock Tuesday?
• Neutral Sentiment: At least one report compares Sandisk favorably with other storage companies on valuation, while other commentary stresses that the shares’ exceptional rally may already reflect much of the good news. SNDK vs. NTAP: Which Stock Is the Better Value Option?
• Neutral Sentiment: Reports describe SNDK as a potential stock-split candidate after its extraordinary advance, but the company has announced no split; such an action would not change its underlying value. Is a Stock Split Coming?
• Negative Sentiment: Investors remain concerned about valuation, NAND-cycle risk, mixed outlook signals and the possibility that memory-market pricing or demand could weaken after the current boom. The Two Primary Risks for SanDisk

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup dropped their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. UBS Group set a $1,700.00 target price on shares of Sandisk in a report on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Argus raised Sandisk from a “hold” rating to a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,853.14.

About Sandisk

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.