Sandisk Corporation $SNDK Position Lifted by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lifted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 73.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,341 shares of the data storage provider’s stock after purchasing an additional 569 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Sandisk were worth $2,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LifeGoal Investments LLC boosted its stake in Sandisk by 3.9% in the 3rd quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after buying an additional 9 shares during the last quarter. REX Advisers LLC lifted its holdings in shares of Sandisk by 133.3% during the 3rd quarter. REX Advisers LLC now owns 600 shares of the data storage provider’s stock worth $1,038,000 after acquiring an additional 2,400 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Sandisk by 18.1% in the third quarter. Farther Finance Advisors LLC now owns 9,292 shares of the data storage provider’s stock worth $16,167,000 after acquiring an additional 1,423 shares during the last quarter. Westwind Capital grew its holdings in Sandisk by 1.7% in the third quarter. Westwind Capital now owns 1,014 shares of the data storage provider’s stock valued at $1,764,000 after purchasing an additional 17 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Sandisk by 29.5% in the third quarter. CoreCap Advisors LLC now owns 3,049 shares of the data storage provider’s stock valued at $5,305,000 after purchasing an additional 694 shares during the period.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk was among memory stocks rebounding in premarket trading, suggesting some investors viewed the selloff as excessive and were buying the dip. Micron, SanDisk, and SK Hynix Stocks Are Rebounding in Pre-Market
• Positive Sentiment: Mizuho raised its SanDisk price target by $175, citing demand for storage tied to agentic AI. The bullish thesis is supported by data-center growth, longer-term contracts, strong profitability and disciplined industry supply. Mizuho raises SanDisk price target by $175 on agentic AI demand
• Positive Sentiment: Analysts continue to argue that AI-related storage demand may be structurally stronger and more durable than traditional memory cycles. Tight supply and customer commitments have helped support pricing and investor confidence. Memory Trade: Cyclical or Durable Growth?
• Neutral Sentiment: SanDisk’s enormous recent rally has led Wall Street to raise price targets, but its upcoming earnings report will be important. Investors will focus on pricing, contract coverage, data-center demand and whether elevated margins can persist. Why Wall Street expects even more from SanDisk after its 480% rally
• Negative Sentiment: The immediate pressure came from a broad memory-stock selloff after Samsung’s preliminary revenue disappointed investors. The report revived concerns about memory demand, pricing and the durability of the AI trade. Micron, SK Hynix, And SanDisk Slide in Sync
• Negative Sentiment: Higher Treasury yields, elevated oil prices and broader profit-taking added to pressure on semiconductor shares. Investors also worry that SanDisk’s earnings may be near a cyclical peak and that new capacity could eventually create oversupply. Why AMD, Micron, SanDisk, and Nvidia Stocks Are Falling

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNDK. Rosenblatt Securities assumed coverage on shares of Sandisk in a research note on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price target on the stock. Arete Research boosted their price objective on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. UBS Group restated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a report on Friday, August 14th. BNP Paribas Exane cut their target price on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Finally, Susquehanna reduced their target price on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating on the stock in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65.

Insider Buying and Selling

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the 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 sale, the insider directly owned 25,305 shares of the company’s stock, valued at $44,722,285.65. This trade represents a 8.36% 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 77,899 shares of company stock valued at $121,159,122. Insiders own 0.21% of the company’s stock.

Sandisk Trading Down 4.9%

Shares of NASDAQ SNDK opened at $1,609.46 on Friday. Sandisk Corporation has a 12-month low of $116.17 and a 12-month high of $2,354.39. The company has a market cap of $232.62 billion, a P/E ratio of 22.08, a P/E/G ratio of 0.17 and a beta of 5.23. The stock has a fifty day moving average price of $1,585.66 and a 200 day moving average price of $1,469.83.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping 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 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. On average, sell-side analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.