Silverleafe Capital Partners LLC Buys New Stake in Sandisk Corporation $SNDK

Silverleafe Capital Partners LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 295 shares of the data storage provider’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNDK. Versant Capital Management Inc lifted its position in shares of Sandisk by 6.8% in the 3rd quarter. Versant Capital Management Inc now owns 563 shares of the data storage provider’s stock worth $980,000 after purchasing an additional 36 shares during the period. Doliver Advisors LP purchased a new position in shares of Sandisk during the third quarter valued at about $367,000. Atomic Invest LLC bought a new position in Sandisk in the second quarter worth about $25,000. Silicon Valley Capital Partners raised its stake in Sandisk by 1,917.6% in the second quarter. Silicon Valley Capital Partners now owns 343 shares of the data storage provider’s stock worth $779,000 after buying an additional 326 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in Sandisk in the second quarter worth about $455,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNDK. 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a report on Monday, August 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,113.92.

Sandisk Stock Down 3.8%

Shares of SNDK stock traded down $67.70 during trading hours on Friday, hitting $1,719.99. 8,159,249 shares of the company’s stock traded hands, compared to its average volume of 15,442,598. The stock’s fifty day simple moving average is $1,540.07 and its two-hundred day simple moving average is $1,436.54. Sandisk Corporation has a 12-month low of $115.68 and a 12-month high of $2,354.39. The stock has a market cap of $251.84 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 0.17 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI data-center demand is supporting a tight NAND market. Micron’s results pointed to stronger pricing and constrained supply potentially extending through 2028, a backdrop that could benefit SanDisk’s storage products and margins. Citi maintained a Buy view and a $2,100 price target. Citi maintains Buy rating after Micron earnings
• Positive Sentiment: Analysts remain constructive on the longer-term opportunity, citing AI-related storage demand, strong pricing, and SanDisk’s shift toward multi-year data-center contracts. A Seeking Alpha analysis upgraded the stock while acknowledging that valuation is richer. SanDisk long-term deal coverage and valuation upgrade
• Neutral Sentiment: SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. The September 29 announcement contained no new guidance, leaving earnings and updated forecasts as the next major catalysts. What investors needed to notice in SanDisk stock
• Negative Sentiment: Memory and storage shares broadly weakened after Micron pulled back despite a record quarter and strong guidance; Western Digital and Seagate also declined. Investors appear to be taking profits after SanDisk’s exceptional 2026 rally and applying more demanding expectations to the group. Why memory and storage stocks are falling
• Negative Sentiment: Routine insider-sale disclosures may be adding short-term pressure. Recent filings show selling by several executives, including CEO David Goeckeler, although some transactions were arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook. Why SanDisk stock is under pressure today

Insider Buying and Selling

In other news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,299 shares of company stock valued at $120,118,158 over the last ninety days. 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.