Sandisk Corporation $SNDK Shares Acquired by MCF Advisors LLC

MCF Advisors LLC lifted its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 1,086.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 451 shares of the data storage provider’s stock after purchasing an additional 413 shares during the period. MCF Advisors LLC’s holdings in Sandisk were worth $1,025,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SNDK. WINTON GROUP Ltd grew its stake in Sandisk by 899.3% in the second quarter. WINTON GROUP Ltd now owns 6,146 shares of the data storage provider’s stock worth $13,974,000 after purchasing an additional 5,531 shares in the last quarter. SVB Wealth LLC acquired a new stake in Sandisk during the second quarter valued at approximately $705,000. Insight Wealth Partners LLC raised its stake in Sandisk by 0.4% during the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock valued at $3,654,000 after buying an additional 7 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Sandisk by 42.1% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 682 shares of the data storage provider’s stock worth $1,551,000 after buying an additional 202 shares during the last quarter. Finally, NorthRock Partners LLC bought a new position in Sandisk during the 2nd quarter worth approximately $773,000.

Sandisk Stock Down 4.1%

Shares of SNDK stock opened at $1,692.59 on Friday. The company has a market cap of $247.83 billion, a P/E ratio of 23.22, a PEG ratio of 0.18 and a beta of 5.17. The business has a 50 day moving average of $1,520.00 and a two-hundred day moving average of $1,321.26. Sandisk Corporation has a 52 week low of $81.38 and a 52 week 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 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The business 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 for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the previous 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 fiscal year.

Sandisk declared that its board has initiated a share repurchase plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven NAND demand remains a long-term support. Analysts continue to point to strong data-center and artificial-intelligence infrastructure demand, tight memory supply and potentially higher NAND prices as reasons for optimism about Sandisk’s earnings and margins. Memory prices and Sandisk article
• Positive Sentiment: Citi maintained its Buy rating and $2,100 price target. The analyst cited strengthening AI-related NAND demand, leaving the target above the company’s current trading level. Citi Sandisk rating article
• Neutral Sentiment: Investors remain divided after an extraordinary rally. Sandisk has gained more than 600% year to date, creating substantial momentum but also raising questions about valuation, sustainability of margins and the risk of additional profit-taking. A Goldman Sachs view that the memory downturn may be easing provides sector support, although it has not prevented near-term volatility. Memory stocks outlook article
• Negative Sentiment: Macro conditions triggered a broad technology selloff. Higher oil prices intensified concerns that inflation could keep interest rates elevated, weighing particularly heavily on high-beta growth stocks such as SNDK and its memory-chip peers. Memory stocks falling article
• Negative Sentiment: Rating and insider-selling headlines added pressure. Zacks Research downgraded Sandisk from Strong Buy to Hold, while executives disclosed sales totaling millions of dollars. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their significance, but they may still reinforce profit-taking concerns. Sandisk insider trading article

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SNDK shares. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a research report on Thursday, August 13th. Wells Fargo & Company raised their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective for the company. Finally, Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,998.14.

Insiders Place Their Bets

In other Sandisk news, 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 sale, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider owned 25,305 shares of the company’s stock, valued at $44,722,285.65. This represents a 8.36% decrease in their position. 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 have sold 9,220 shares of company stock valued at $14,829,223. 0.21% of the stock is owned by company insiders.

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.