Sandisk Corporation $SNDK Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 85.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,244 shares of the data storage provider’s stock after purchasing an additional 574 shares during the period. Sigma Planning Corp’s holdings in Sandisk were worth $2,828,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk during the first quarter worth about $25,000. Greenline Wealth Management LLC purchased a new stake in Sandisk during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. purchased a new stake in Sandisk during the 1st quarter valued at approximately $29,000. Dunhill Financial LLC acquired a new stake in Sandisk during the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at approximately $30,000.

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,800 shares of company stock worth $2,991,696. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on SNDK. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Citigroup dropped their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Mizuho reduced their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $2,200.00 target price on shares of Sandisk in a report on Thursday, August 13th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,998.14.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

Sandisk Stock Up 5.5%

NASDAQ:SNDK opened at $1,566.70 on Tuesday. The firm’s fifty day simple moving average is $1,581.73 and its 200-day simple moving average is $1,262.28. The stock has a market cap of $229.40 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.15 and a beta of 5.21. Sandisk Corporation has a fifty-two week low of $50.07 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has authorized a stock buyback plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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.