Headlands Technologies LLC Buys Shares of 769 Sandisk Corporation $SNDK

Headlands Technologies LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 769 shares of the data storage provider’s stock, valued at approximately $1,748,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sigma Planning Corp increased its holdings in shares of Sandisk by 85.7% in the second quarter. Sigma Planning Corp now owns 1,244 shares of the data storage provider’s stock worth $2,828,000 after purchasing an additional 574 shares during the period. Two Sigma Securities LLC grew its position in Sandisk by 194.8% during the second quarter. Two Sigma Securities LLC now owns 1,471 shares of the data storage provider’s stock worth $3,345,000 after buying an additional 972 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Sandisk by 113.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 825 shares of the data storage provider’s stock worth $1,876,000 after acquiring an additional 438 shares during the last quarter. GTS Securities LLC increased its stake in Sandisk by 902.0% in the 2nd quarter. GTS Securities LLC now owns 9,850 shares of the data storage provider’s stock worth $22,396,000 after acquiring an additional 8,867 shares during the last quarter. Finally, Flputnam Investment Management Co. purchased a new stake in shares of Sandisk in the 2nd quarter valued at about $337,000.

Sandisk Stock Performance

SNDK stock opened at $1,566.70 on Tuesday. The firm has a market cap of $229.40 billion, a P/E ratio of 21.49, a P/E/G ratio of 0.15 and a beta of 5.21. The firm’s fifty day moving average is $1,581.73 and its 200 day moving average is $1,262.28. Sandisk Corporation has a 52 week low of $50.07 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a stock buyback 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 reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was 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 owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,800 shares of company stock valued at $2,991,696 in the last quarter. 0.21% of the stock is currently owned by insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNDK. Citigroup decreased their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,900.00 target price on shares of Sandisk in a research report on Monday, August 10th. Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, Wedbush restated an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,998.14.

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.