Trivest Advisors Ltd Purchases Shares of 118,865 Sandisk Corporation $SNDK

Trivest Advisors Ltd purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 118,865 shares of the data storage provider’s stock, valued at approximately $270,267,000. Sandisk comprises about 8.5% of Trivest Advisors Ltd’s investment portfolio, making the stock its 5th biggest holding. Trivest Advisors Ltd owned approximately 0.08% of Sandisk as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. Dunhill Financial LLC bought a new stake in Sandisk during the second quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Sandisk during the 2nd quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Sandisk during the 2nd quarter worth approximately $34,000. Ramsey Quantitative Systems purchased a new position in Sandisk during the second quarter valued at approximately $50,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Sandisk by 114.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 30 shares of the data storage provider’s stock valued at $68,000 after buying an additional 16 shares in the last quarter.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. UBS Group restated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Wells Fargo & Company raised their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. started coverage on Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Finally, Susquehanna decreased their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,999.27.

Insider Buying and Selling

In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,800 shares of company stock valued at $6,504,856 over the last three months. 0.21% of the stock is owned by corporate insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks rebounded in early trading after SK Hynix approved a roughly $29 billion share buyback and treasury-share cancellation. The broader sector strength provided support for Sandisk and reinforced investor confidence in favorable memory-market conditions. SK Hynix Rises 6% on $29B Buyback, SanDisk Gains 5%, Micron Climbs 3% as Memory Names Rebound
• Positive Sentiment: Analysts and investors continue to highlight Sandisk’s AI-driven flash-storage demand and its shift toward contract-based sales. The strategy could make NAND revenue and margins more predictable, with management targeting gross margins near 80% and substantial free-cash-flow generation over the long term. From Commodity to Cash Machine? Sandisk Targets 80% Margins in AI Storage Boom
• Neutral Sentiment: Sandisk’s international revenue performance and strong recent earnings remain important factors in Wall Street forecasts, but the stock’s exceptional one-year gain has created disagreement among hedge funds over whether the long-term growth outlook justifies the valuation. Sandisk Corporation International Revenue Performance Explored
• Neutral Sentiment: Technical analysts see major resistance levels ahead, leaving the shares vulnerable to further consolidation unless they regain key support levels. Sandisk Price Forecast: Can SNDK Defend Its Recovery?
• Negative Sentiment: Investors are questioning earnings quality after reports indicated that approximately two-thirds of Sandisk’s record revenue growth came from pricing rather than volume. That raises concerns about how durable results will be if NAND prices moderate ahead of the company’s technology-day presentations. SanDisk Drops Before OCP Korea Tech Day
• Negative Sentiment: David Tepper’s Appaloosa disclosed that it sold all 281,250 Sandisk shares held at the end of the prior quarter, during the period when the stock reached its record high. The sale adds to profit-taking concerns after the parabolic advance. David Tepper Sold His Entire Sandisk Stake
• Negative Sentiment: Higher Treasury yields and a broader rotation away from crowded AI and semiconductor trades have pressured memory stocks, including Sandisk, Micron and Western Digital. The sector’s high beta makes SNDK particularly sensitive to changes in risk appetite. Higher Rates Test the Memory Boom

Sandisk Price Performance

Sandisk stock opened at $1,568.87 on Thursday. The firm has a market capitalization of $229.71 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a 1-year low of $43.20 and a 1-year high of $2,354.39. The company’s 50-day moving average is $1,668.86 and its 200 day moving average is $1,210.26.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is 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.