1,100 Shares in Sandisk Corporation $SNDK Acquired by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,100 shares of the data storage provider’s stock, valued at approximately $2,501,000. Sandisk accounts for about 1.5% of Laraway Financial Advisors Inc’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. KERR FINANCIAL PLANNING Corp bought a new position in shares of Sandisk in the second quarter worth approximately $34,000. Ramsey Quantitative Systems bought a new stake in Sandisk during the 2nd quarter valued at $50,000. Elevation Wealth Partners LLC raised its holdings in Sandisk by 114.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 30 shares of the data storage provider’s stock valued at $68,000 after buying an additional 16 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in Sandisk during the 1st quarter valued at $25,000. Finally, IMG Wealth Management Inc. purchased a new stake in Sandisk during the 1st quarter valued at $29,000.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 in the last ninety days. Insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

Sandisk Stock Up 7.4%

Shares of SNDK stock opened at $1,641.11 on Friday. The firm has a market capitalization of $243.03 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.15 and a beta of 5.20. The stock has a fifty day moving average of $1,667.87 and a 200 day moving average of $1,181.08. Sandisk Corporation has a 52 week low of $42.82 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (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 business had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNDK. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. New Street Research set a $3,000.00 target price on shares of Sandisk in a report on Thursday, August 6th. Melius Research set a $2,350.00 target price on Sandisk in a research note on Monday, May 18th. Finally, Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk presently has a consensus rating of “Buy” and an average target price of $1,999.27.

Sandisk 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.