6,102 Shares in Sandisk Corporation $SNDK Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,102 shares of the data storage provider’s stock, valued at approximately $13,874,000.

A number of other hedge funds have also added to or reduced their stakes in SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter worth approximately $317,000. Merit Financial Group LLC purchased a new position in Sandisk during the 3rd quarter worth $408,000. Dimensional Fund Advisors LP purchased a new position in Sandisk during the 3rd quarter worth $100,080,000. First Trust Advisors LP purchased a new position in Sandisk during the 3rd quarter worth $9,788,000. Finally, Blair William & Co. IL bought a new stake in shares of Sandisk in the 3rd quarter worth $591,000.

Sandisk Trading Up 2.0%

Shares of Sandisk stock opened at $1,600.62 on Friday. Sandisk Corporation has a 12-month low of $43.56 and a 12-month high of $2,354.39. The company has a market cap of $234.36 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20. The company’s 50-day moving average price is $1,663.24 and its 200-day moving average price is $1,217.48.

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

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

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated 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 in the company, valued at approximately $35,928,176.40. The trade was a 1.90% 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, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup lowered their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings downgraded Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, UBS Group reissued an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,999.27.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

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.