Proficio Capital Partners LLC Acquires Shares of 812 Sandisk Corporation $SNDK

Proficio Capital Partners LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 812 shares of the data storage provider’s stock, valued at approximately $1,846,000.

A number of other hedge funds have also modified their holdings of the business. Pure Financial Advisors LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $6,226,000. Transamerica Financial Advisors LLC acquired a new stake in Sandisk during the 2nd quarter worth $7,351,000. Corient Private Wealth LP purchased a new position in Sandisk during the 2nd quarter worth $46,269,000. Philadelphia Investment Partners LLC acquired a new position in Sandisk in the second quarter valued at $57,000. Finally, Ausdal Financial Partners Inc. acquired a new position in Sandisk in the second quarter valued at $2,368,000.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,800 shares of company stock worth $6,504,856 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Stock Up 1.3%

Shares of NASDAQ:SNDK opened at $1,499.37 on Thursday. Sandisk Corporation has a 52 week low of $47.40 and a 52 week high of $2,354.39. The company has a 50-day moving average price of $1,623.86 and a 200 day moving average price of $1,242.46. The company has a market cap of $219.54 billion, a P/E ratio of 20.57, a PEG ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last issued its earnings results 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 business 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 business’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SNDK shares. Evercore reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Morgan Stanley increased their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America lifted their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1,998.14.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI and NAND-cycle optimism: Investor sentiment improved after reports that demand for AI infrastructure is boosting high-capacity storage, while tighter NAND supply could support pricing and margins. This has helped Sandisk maintain strong momentum after its sharp one-year advance. SanDisk Stock Climbs As NAND Optimism Lifts Memory Stocks
• Positive Sentiment: Capital-return plans attract attention: Jim Cramer highlighted Sandisk’s substantial share-buyback plans, which may support earnings per share and signal management confidence following the stock’s surge. Jim Cramer Highlights Sandisk’s Massive Buybacks
• Positive Sentiment: Wall Street remains constructive: Mizuho reduced its price target modestly to $1,875 but retained an “outperform” rating, implying considerable upside from the reference price. Other recent commentary also points to Sandisk’s momentum and potential margin expansion. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Volatile sector trading: Sandisk and other memory stocks rebounded after a broad sell-off, but the group also faced renewed pre-market weakness as investors reassessed valuation and near-term memory pricing. The mixed trading indicates that sentiment remains highly sensitive to sector news. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Chinese competition is a longer-term risk: Yangtze Memory Technologies is targeting greater NAND market share by 2027, potentially increasing pricing pressure and challenging established suppliers such as Sandisk. YMTC Targets NAND Dominance

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.