1,740 Shares in Sandisk Corporation $SNDK Acquired by Ratan Capital Management LP

Ratan Capital Management LP acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,740 shares of the data storage provider’s stock, valued at approximately $3,956,000. Sandisk makes up about 1.3% of Ratan Capital Management LP’s portfolio, making the stock its 19th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC bought a new stake in shares of Sandisk in the 2nd quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Sandisk during the second quarter valued at $32,000. Kilter Group LLC bought a new position in shares of Sandisk during the second quarter valued at $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Sandisk during the second quarter valued at $34,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Sandisk during the second quarter valued at $50,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Analysts Set New Price Targets

SNDK has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Susquehanna dropped their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Wells Fargo & Company lifted their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the company’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 completion of the sale, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,800 shares of company stock valued at $6,504,856 in the last ninety days. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of SNDK opened at $1,484.98 on Friday. The firm has a market capitalization of $217.43 billion, a P/E ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a one year low of $50.07 and a one year high of $2,354.39. The business has a fifty day moving average of $1,595.87 and a 200 day moving average of $1,250.36.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

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

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.