Range Advisory LLC Sells 551 Shares of Sandisk Corporation $SNDK

Range Advisory LLC reduced its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 78.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153 shares of the data storage provider’s stock after selling 551 shares during the quarter. Range Advisory LLC’s holdings in Sandisk were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the 2nd quarter worth $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk during the third quarter valued at $408,000. Dimensional Fund Advisors LP bought a new stake in shares of Sandisk in the third quarter valued at about $100,080,000. First Trust Advisors LP purchased a new stake in Sandisk in the third quarter worth about $9,788,000. Finally, Blair William & Co. IL purchased a new stake in Sandisk in the third quarter worth about $591,000.

Sandisk Price Performance

SNDK opened at $1,737.99 on Wednesday. The firm has a market capitalization of $254.47 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17. The business’s 50-day moving average is $1,526.40 and its two-hundred day moving average is $1,305.86. Sandisk Corporation has a 1 year low of $69.57 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 previous year, the company posted $0.29 earnings per share. The business’s quarterly 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. As a group, sell-side analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNDK. Weiss Ratings upgraded shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Mizuho reduced their price target on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Royal Bank Of Canada upped their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Sandisk presently has an average rating of “Buy” and a consensus target price of $1,998.14.

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider owned 25,305 shares in the company, valued at $44,722,285.65. The trade was a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,220 shares of company stock valued at $14,829,223. 0.21% of the stock is currently owned by company insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

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.