Sandisk Corporation $SNDK Shares Sold by Retireful LLC

Retireful LLC trimmed its holdings in Sandisk Corporation (NASDAQ:SNDK) by 24.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125 shares of the data storage provider’s stock after selling 368 shares during the quarter. Sandisk comprises approximately 2.4% of Retireful LLC’s portfolio, making the stock its 12th largest holding. Retireful LLC’s holdings in Sandisk were worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after buying an additional 14,964 shares during the period. Allworth Financial LP grew its position in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden purchased a new position in Sandisk in the fourth quarter worth approximately $7,821,000. ProShare Advisors LLC increased its stake in Sandisk by 1,301.5% during the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after acquiring an additional 31,237 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in Sandisk during the fourth quarter worth $422,000.

Insider Buying and Selling

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the transaction, the insider directly owned 29,884 shares of the company’s stock, valued at $45,591,030.40. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,800 shares of company stock worth $2,865,456. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target 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. Royal Bank Of Canada raised their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Evercore restated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Bank of America increased their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Sandisk Stock Up 1.1%

NASDAQ:SNDK opened at $1,553.40 on Thursday. Sandisk Corporation has a 52 week low of $50.65 and a 52 week high of $2,354.39. The stock’s fifty day moving average is $1,565.94 and its two-hundred day moving average is $1,275.38. The stock has a market capitalization of $227.45 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating 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 company’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Sandisk Profile

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.