Sandisk Corporation $SNDK Stock Bought by Sowell Financial Services LLC

Sowell Financial Services LLC grew its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 351.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 920 shares of the data storage provider’s stock after buying an additional 716 shares during the quarter. Sowell Financial Services LLC’s holdings in Sandisk were worth $1,601,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SNDK. Rodgers & Associates LTD acquired a new stake in Sandisk in the third quarter valued at about $289,000. Capstone Capital Management Ltd purchased a new stake in Sandisk in the 3rd quarter valued at approximately $1,776,000. Range Financial Group LLC increased its position in Sandisk by 2.6% during the 3rd quarter. Range Financial Group LLC now owns 3,427 shares of the data storage provider’s stock worth $5,962,000 after purchasing an additional 87 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Sandisk by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,298 shares of the data storage provider’s stock worth $57,935,000 after buying an additional 886 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Sandisk by 25,618.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,788 shares of the data storage provider’s stock worth $173,620,000 after buying an additional 99,400 shares in the last quarter.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Analyst Ratings Changes

SNDK has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $2,900.00 price target (up from $1,800.00) on shares of Sandisk in a report on Monday, August 10th. Rosenblatt Securities began coverage on Sandisk in a report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price objective on the stock. BNP Paribas Exane reduced their target price on Sandisk from $1,900.00 to $1,400.00 in a report on Thursday, August 6th. Wells Fargo & Company boosted their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,120.65.

Insider Transactions at Sandisk

In other news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer directly 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. 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. Insiders have sold a total of 77,899 shares of company stock valued at $121,159,122 in the last three months. 0.29% of the stock is owned by company insiders.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,260.93 on Friday. The business’s 50 day simple moving average is $1,603.49 and its 200-day simple moving average is $1,522.08. The firm has a market capitalization of $182.24 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a 12 month low of $146.00 and a 12 month 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

About Sandisk

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.