Jupiter Topco LLC Invests $353.66 Million in Sandisk Corporation $SNDK

Jupiter Topco LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, Holdings Channel reports. The fund purchased 155,696 shares of the data storage provider’s stock, valued at approximately $353,657,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. Kinetic Partners Management LP acquired a new stake in Sandisk during the second quarter valued at approximately $52,173,000. J. Goldman & Co LP acquired a new position in shares of Sandisk in the 2nd quarter worth approximately $427,000. III Capital Management bought a new stake in shares of Sandisk in the 2nd quarter valued at approximately $1,080,000. Hsbc Holdings PLC bought a new stake in shares of Sandisk in the 2nd quarter valued at approximately $498,377,000. Finally, EFG International AG acquired a new stake in shares of Sandisk during the 2nd quarter valued at approximately $1,382,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Optimism about an AI-driven memory cycle is supporting Sandisk and other NAND stocks. Analysts and market commentators argue that data-center demand, multi-year contracts, and stronger NAND pricing could leave room for further upside. One Reason to Be Bullish on SanDisk Stock
• Positive Sentiment: Recent coverage highlights Sandisk’s potential path toward an 80% margin target and a possible “token-battery” advantage, leading to a rating upgrade despite concerns about the company’s valuation and cyclical exposure. Sandisk: The Hidden Mechanism Behind Its 80% Margin Target
• Positive Sentiment: Mizuho maintained an Outperform rating and trimmed its price target only slightly, to $1,875, implying substantial potential upside from the reference price. Mizuho price target update
• Positive Sentiment: Zacks identified SNDK as a strong momentum stock, while prior coverage pointed to rapid data-center revenue growth, AI demand, and improving earnings visibility. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Sandisk and other semiconductor stocks rebounded in premarket trading after Monday’s broad technology and memory-sector sell-off, but the recovery appears driven largely by sector sentiment rather than a new company-specific announcement. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Memory stocks remain under pressure after reports that Apple could source chips from Chinese suppliers, potentially increasing competition and weakening demand expectations for established suppliers. Samsung-related headwinds and profit-taking also weighed on the sector. Memory Stocks Slide on Apple Chinese Chip Report
• Negative Sentiment: Investors are also weighing Sandisk’s cyclicality and the sustainability of elevated NAND prices following a reported 70% jump in the prior period; TrendForce expects a more moderate 10%–15% increase this quarter, raising concerns about slowing price-driven growth. NAND Price Outlook

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a research report on Thursday, August 13th. Finally, Mizuho cut their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,998.14.

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% 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. Insiders have sold 3,800 shares of company stock worth $6,504,856 over the last three months. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Down 0.8%

Shares of NASDAQ:SNDK opened at $1,480.77 on Wednesday. The company’s 50-day moving average price is $1,633.05 and its 200 day moving average price is $1,235.96. The company has a market cap of $216.81 billion, a PE ratio of 20.31, a P/E/G ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a fifty-two week low of $46.75 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm 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 firm’s revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its board has initiated a share repurchase program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are 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.