Sandisk (NASDAQ:SNDK) Insider Sells $915,360.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the transaction, the insider owned 29,884 shares of the company’s stock, valued at approximately $45,591,030.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00.
• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00.

Sandisk Trading Up 1.1%

SNDK stock traded up $16.53 during mid-day trading on Wednesday, hitting $1,553.40. The stock had a trading volume of 8,894,974 shares, compared to its average volume of 14,053,026. Sandisk Corporation has a 1-year low of $50.65 and a 1-year high of $2,354.39. The company has a fifty day moving average of $1,565.94 and a 200 day moving average of $1,275.38. The stock has a market capitalization of $227.45 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 0.15 and a beta of 5.17.

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. The firm 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 company’s quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase program 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 buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNDK. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Susquehanna decreased their target price 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. JPMorgan Chase & Co. assumed coverage on Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,998.14.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Dogwood Wealth Management LLC grew its holdings in Sandisk by 14.3% during the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares during the period. Nilsine Partners LLC boosted its holdings in shares of Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares during the period. Cornerstone Financial Management LLC increased its stake in shares of Sandisk by 60.0% during the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after purchasing an additional 9 shares during the period. Castle Rock Wealth Management LLC increased its stake in shares of Sandisk by 2.4% during the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after purchasing an additional 10 shares during the period. Finally, Triumph Capital Management lifted its holdings in Sandisk by 220.0% during the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 11 shares during the last quarter.

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.