Compass Financial Management LLC Buys New Stake in Sandisk Corporation $SNDK

Compass Financial Management LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 364 shares of the data storage provider’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the 1st quarter worth about $25,000. Greenline Wealth Management LLC acquired a new position in Sandisk in the 4th quarter worth about $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk in the 4th quarter worth about $27,000. IMG Wealth Management Inc. purchased a new position in Sandisk during the first quarter worth approximately $29,000. Finally, Dunhill Financial LLC purchased a new position in Sandisk during the second quarter worth approximately $30,000.

Insiders Place Their Bets

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated 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 directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 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

NASDAQ SNDK opened at $1,596.08 on Monday. The stock’s 50 day simple moving average is $1,655.56 and its 200-day simple moving average is $1,224.03. The company has a market cap of $233.70 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21. Sandisk Corporation has a 1-year low of $45.63 and a 1-year high of $2,354.39.

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

Sandisk announced that its board has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. New Street Research set a $3,000.00 target price on Sandisk in a research note on Thursday, August 6th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Bank of America upped their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Sandisk currently has an average rating of “Buy” and a consensus target price of $1,999.27.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

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.