NewEdge Advisors LLC Boosts Stake in Sandisk Corporation $SNDK

NewEdge Advisors LLC increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 66.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,221 shares of the data storage provider’s stock after acquiring an additional 12,092 shares during the period. NewEdge Advisors LLC’s holdings in Sandisk were worth $68,715,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the first quarter valued at $25,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk in the fourth quarter valued at about $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter valued at about $29,000. Dunhill Financial LLC purchased a new stake in Sandisk during the second quarter worth about $30,000. Finally, Parallel Advisors LLC acquired a new position in Sandisk during the third quarter worth about $30,000.

Key Stories Impacting Sandisk

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 Trading Down 0.1%

Shares of NASDAQ SNDK opened at $1,737.99 on Wednesday. The company has a market capitalization of $254.47 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17. The business has a 50 day simple moving average of $1,526.40 and a 200-day simple moving average of $1,305.86. Sandisk Corporation has a twelve month low of $69.57 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released 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. The business 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 company’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Insider Activity

In related news, insider Bernard Shek sold 2,308 shares of the company’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 value of $4,078,997.64. Following the completion of the sale, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president 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. Over the last quarter, insiders sold 9,220 shares of company stock worth $14,829,223. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNDK. Bank of America lifted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wedbush reiterated an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. Susquehanna reduced their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada raised their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.