400 Shares in Sandisk Corporation $SNDK Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 400 shares of the data storage provider’s stock, valued at approximately $909,000.

Several other hedge funds have also made changes to their positions in the stock. Rakuten Securities Inc. acquired a new stake in Sandisk during the second quarter valued at approximately $54,178,000. Ieq Capital LLC acquired a new stake in Sandisk in the 2nd quarter valued at about $92,860,000. Heron Bay Capital Management bought a new position in Sandisk in the 2nd quarter worth approximately $423,000. Callan Family Office LLC bought a new stake in shares of Sandisk during the second quarter worth $7,774,000. Finally, Causey Wealth LLC acquired a new position in Sandisk during the 2nd quarter valued at about $257,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 target price on shares of Sandisk in a report on Thursday, August 13th. UBS Group reaffirmed an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Weiss Ratings cut shares of Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Finally, Wells Fargo & Company upped their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $1,999.27.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,596.08 on Friday. Sandisk Corporation has a one year low of $45.63 and a one year high of $2,354.39. The company has a market cap of $233.70 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.16 and a beta of 5.20. The firm has a 50 day simple moving average of $1,655.56 and a 200 day simple moving average of $1,220.12.

Sandisk (NASDAQ:SNDK) last issued its quarterly 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. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its board has authorized a share buyback 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 repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’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 completion of the sale, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 business’s 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 sale, the executive vice president directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,800 shares of company stock worth $6,504,856 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

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.