N10 Wealth LLC Buys 1,641 Shares of Sandisk Corporation $SNDK

N10 Wealth LLC increased its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 31.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,912 shares of the data storage provider’s stock after buying an additional 1,641 shares during the quarter. Sandisk comprises 3.4% of N10 Wealth LLC’s holdings, making the stock its 13th largest position. N10 Wealth LLC’s holdings in Sandisk were worth $12,026,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. purchased a new stake in Sandisk in the 1st quarter valued at $25,000. Atomic Invest LLC acquired a new stake in shares of Sandisk in the 2nd quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Sandisk during the 1st quarter worth $29,000. Dunhill Financial LLC purchased a new position in shares of Sandisk during the 2nd quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Sandisk during the 2nd quarter worth $32,000.

Sandisk Stock Down 4.6%

NASDAQ:SNDK traded down $68.16 on Wednesday, reaching $1,414.17. The company’s stock had a trading volume of 4,286,730 shares, compared to its average volume of 15,112,605. Sandisk Corporation has a 12-month low of $130.50 and a 12-month high of $2,354.39. The firm has a market cap of $204.39 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23. The stock has a 50 day moving average price of $1,598.08 and a 200 day moving average price of $1,487.22.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board 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 reacquire up to 6.6% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNDK shares. Arete Research boosted their price target on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Rosenblatt Securities started coverage on shares of Sandisk in a research report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price objective for the company. China Renaissance lifted their target price on shares of Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Mizuho lifted their target price on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a data-storage partnership with Meta Platforms to support storage options for Meta’s VR glasses, providing a potential new customer and demand catalyst. SanDisk Stock Drops Despite a Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli maintains a highly bullish outlook, projecting a potential price of $3,000 over two years on expectations that earnings growth could make the valuation appear inexpensive. SanDisk Has More Upside, Analyst Says
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Several analysts describe SanDisk as a buy-the-dip opportunity, arguing that AI infrastructure growth and constrained memory supply could support long-term demand despite near-term volatility. AI Memory Chip Selloff Looks Overblown
• Negative Sentiment: Memory stocks are under pressure after Chinese chipmaker CXMT outlined advances and plans to compete in high-end server memory, raising fears of future pricing pressure and market-share losses for SanDisk. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has added pressure to semiconductor and AI-related stocks, while concerns about AI funding and stretched valuations have intensified the sector selloff. Five Things to Know Before the Market Opens

Insider Activity at Sandisk

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares in the company, valued at $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 77,899 shares of company stock worth $121,159,122. Company insiders own 0.29% of the company’s stock.

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.