Nisa Investment Advisors LLC Acquires 886 Shares of Sandisk Corporation $SNDK

Nisa Investment Advisors LLC raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,298 shares of the data storage provider’s stock after buying an additional 886 shares during the period. Nisa Investment Advisors LLC’s holdings in Sandisk were worth $57,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SNDK. Handelsbanken Fonder AB boosted its holdings in Sandisk by 35.1% in the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after purchasing an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Sandisk during the 2nd quarter valued at approximately $4,775,000. Florida Financial Advisors LLC acquired a new stake in Sandisk during the 1st quarter valued at approximately $2,747,000. UNICOM Systems Inc. increased its holdings in Sandisk by 14.9% during the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock worth $133,013,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC purchased a new stake in Sandisk during the 2nd quarter worth approximately $2,506,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s upcoming fiscal first-quarter report on October 29 is a key potential catalyst. Investors will focus on whether strong demand, pricing, margins and management guidance support the company’s recently upgraded earnings outlook. Sandisk Q1 Preview
• Positive Sentiment: Recent bullish commentary points to strong cash generation, favorable earnings revisions and potential benefits from Nvidia’s NVHBM technology becoming an industry standard for high-bandwidth memory connections. Sandisk was also upgraded to Zacks’ Rank #1, or Strong Buy. Sandisk upgraded to Strong Buy
• Neutral Sentiment: Analysts and investors remain divided: some view the recent sell-off as technically oversold and see upside, while others argue that the stock’s low forward valuation depends on unusually strong memory pricing continuing. Investor commentary on Sandisk
• Negative Sentiment: Memory stocks broadly weakened after a selloff in Seoul revived fears that data-center and AI spending could slow. Sandisk, Micron and SK Hynix were all lower in premarket trading, highlighting sector-wide rather than company-specific pressure. AI memory stocks fall
• Negative Sentiment: Jim Cramer warned that Sandisk and Western Digital could be especially exposed if data-center capacity growth slows. Separately, China’s CXMT technology breakthrough has raised concerns about additional memory supply, price competition and pressure on Sandisk’s profit surge, which has been driven substantially by higher prices. Cramer warning on Sandisk

Sandisk Trading Down 0.4%

Shares of NASDAQ SNDK opened at $1,365.38 on Wednesday. Sandisk Corporation has a twelve month low of $142.76 and a twelve month high of $2,354.39. The company has a market capitalization of $197.34 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. The business has a 50 day simple moving average of $1,608.16 and a 200-day simple moving average of $1,513.38.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.96 billion for the quarter. During the same period in the prior year, the company posted $0.29 earnings per share. The business’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNDK. Rosenblatt Securities assumed coverage on Sandisk in a research note on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 target price for the company. Raymond James Financial lifted their price target on shares of Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. China Renaissance upped their price target on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Evercore reaffirmed an “outperform” rating and issued a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 2,308 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This trade represents 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. In the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. Company insiders own 0.29% of the company’s stock.

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.