475 Shares in Sandisk Corporation $SNDK Bought by Mosley Wealth Management

Mosley Wealth Management acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 475 shares of the data storage provider’s stock, valued at approximately $826,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its stake in shares of Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after buying an additional 6 shares in the last quarter. Nilsine Partners LLC increased its stake in Sandisk by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after buying an additional 7 shares in the last quarter. Insight Wealth Partners LLC increased its stake in Sandisk by 0.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after buying an additional 7 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Sandisk by 60.0% in the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after buying an additional 9 shares in the last quarter. Finally, LifeGoal Investments LLC raised its holdings in Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock valued at $421,000 after acquiring an additional 9 shares during the period.

Sandisk Trading Down 6.8%

SNDK traded down $95.53 during trading on Friday, hitting $1,299.30. 8,871,699 shares of the company traded hands, compared to its average volume of 8,782,726. The company has a market cap of $187.79 billion, a PE ratio of 17.82, a P/E/G ratio of 0.14 and a beta of 5.23. The stock’s 50-day simple moving average is $1,603.61 and its two-hundred day simple moving average is $1,496.95. Sandisk Corporation has a 1 year low of $136.29 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS 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 for the quarter. During the same quarter in the previous year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that permits the company to buy back $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SNDK shares. Sanford C. Bernstein restated an “outperform” rating and issued a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Raymond James Financial upped their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. New Street Research set a $3,000.00 target price on Sandisk in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the sale, the insider directly owned 25,588 shares of the company’s stock, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. 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 ninety days, insiders sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is owned by company insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Sandisk 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.