Sandisk Corporation $SNDK Stock Holdings Cut by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,386 shares of the data storage provider’s stock after selling 494 shares during the quarter. Quadrant Capital Group LLC’s holdings in Sandisk were worth $14,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rodgers & Associates LTD purchased a new position in shares of Sandisk in the third quarter worth about $289,000. Capstone Capital Management Ltd bought a new stake in shares of Sandisk in the third quarter valued at approximately $1,776,000. Range Financial Group LLC raised its position in shares of Sandisk by 2.6% in the third quarter. Range Financial Group LLC now owns 3,427 shares of the data storage provider’s stock valued at $5,962,000 after purchasing an additional 87 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Sandisk by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 33,298 shares of the data storage provider’s stock valued at $57,935,000 after purchasing an additional 886 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Sandisk by 25,618.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,788 shares of the data storage provider’s stock valued at $173,620,000 after buying an additional 99,400 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on SNDK shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Bank of America boosted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price on the stock. Finally, Susquehanna dropped their target price on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating on the stock in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Insider Activity

In related news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The transaction 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, CEO David Goeckeler sold 33,841 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company’s stock.

Sandisk News Roundup

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 Stock Down 0.4%

Shares of 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 stock has a market cap of $197.34 billion, a PE ratio of 18.73, a P/E/G ratio of 0.14 and a beta of 5.23. The business’s 50-day moving average price is $1,608.16 and its 200-day moving average price is $1,513.38.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion during the quarter. During the same quarter last year, the business posted $0.29 earnings per share. Sandisk’s revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its board has authorized a stock repurchase program on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Share repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.