Paragon Capital Management Inc. Makes New Investment in Sandisk Corporation $SNDK

Paragon Capital Management Inc. bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 548 shares of the data storage provider’s stock, valued at approximately $954,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SNDK. Milestone Asset Management LLC increased its holdings in shares of Sandisk by 22.8% in the 3rd quarter. Milestone Asset Management LLC now owns 491 shares of the data storage provider’s stock valued at $854,000 after purchasing an additional 91 shares in the last quarter. NFSG Corp lifted its stake in shares of Sandisk by 42.7% in the third quarter. NFSG Corp now owns 2,180 shares of the data storage provider’s stock valued at $3,793,000 after purchasing an additional 652 shares during the period. Activest Wealth Management lifted its stake in shares of Sandisk by 1,417.6% in the third quarter. Activest Wealth Management now owns 1,988 shares of the data storage provider’s stock valued at $3,460,000 after purchasing an additional 1,857 shares during the period. SLT Holdings LLC boosted its holdings in Sandisk by 8.4% during the third quarter. SLT Holdings LLC now owns 867 shares of the data storage provider’s stock worth $1,508,000 after buying an additional 67 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its holdings in Sandisk by 7.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 139 shares of the data storage provider’s stock worth $242,000 after buying an additional 10 shares in the last quarter.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. BNP Paribas Exane lowered their target price on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Arete Research increased their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Bank of America lifted their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target on the stock in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Stock Down 0.6%

Shares of SNDK stock opened at $1,394.83 on Friday. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39. The stock has a market cap of $201.59 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.14 and a beta of 5.23. The business has a fifty day simple moving average of $1,601.86 and a 200-day simple moving average of $1,498.34.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business had revenue of $8.96 billion during the quarter. During the same period last year, the firm earned $0.29 EPS. The company’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. On average, sell-side analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its board has approved a share repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This buyback authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk has reportedly secured at least $93.9 billion in expected revenue through multiyear contracts, with financial guarantees that could protect the company if customers fail to meet their commitments. This provides meaningful revenue visibility and supports the long-term investment case. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Zacks Research upgraded Sandisk to “strong buy” from “hold,” citing the company’s growth prospects. Analysts have also identified Sandisk as a buy-the-dip opportunity because of strong AI-related storage demand and favorable longer-term industry growth. AI Memory Chip Selloff Looks Overblown
• Positive Sentiment: A partnership with Meta Platforms to provide data-storage options for Meta VR Glasses adds a potential avenue for future demand, although it has not prevented the broader sector selloff. SanDisk Stock Drops Despite Meta Partnership
• Neutral Sentiment: Investor Cathie Wood remains cautious on memory-chip companies, arguing that industry cycles are “vicious” and that Chinese rivals could eventually pressure margins. Her view highlights the risk that Sandisk’s recent margin expansion may prove temporary. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Chinese semiconductor maker CXMT’s reported plans to expand into server memory have intensified fears of future oversupply, lower pricing, and weaker margins for Sandisk and its peers. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: A broad technology and AI-stock selloff has pulled memory makers lower, with roughly $1 trillion in market value reportedly erased from major companies since October 2. Hotter-than-expected U.S. inflation has added pressure by increasing interest-rate concerns. Chip Meltdown Hits Memory Makers

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the sale, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is owned by company insiders.

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.