Sandisk Corporation $SNDK Stock Acquired by N10 Assets LLC

N10 Assets LLC grew its holdings in Sandisk Corporation (NASDAQ:SNDK) by 25.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,514 shares of the data storage provider’s stock after buying an additional 1,315 shares during the period. Sandisk accounts for approximately 4.1% of N10 Assets LLC’s portfolio, making the stock its 12th largest position. N10 Assets LLC’s holdings in Sandisk were worth $11,334,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SNDK. Atomic Invest LLC acquired a new position in Sandisk in the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in Sandisk during the 2nd quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Sandisk during the 2nd quarter worth approximately $32,000. Kilter Group LLC acquired a new stake in Sandisk during the 2nd quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Sandisk during the 2nd quarter worth approximately $34,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a data-storage partnership with Meta Platforms to support storage options for Meta’s VR glasses, providing a potential new customer and demand catalyst. SanDisk Stock Drops Despite a Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli maintains a highly bullish outlook, projecting a potential price of $3,000 over two years on expectations that earnings growth could make the valuation appear inexpensive. SanDisk Has More Upside, Analyst Says
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Several analysts describe SanDisk as a buy-the-dip opportunity, arguing that AI infrastructure growth and constrained memory supply could support long-term demand despite near-term volatility. AI Memory Chip Selloff Looks Overblown
• Negative Sentiment: Memory stocks are under pressure after Chinese chipmaker CXMT outlined advances and plans to compete in high-end server memory, raising fears of future pricing pressure and market-share losses for SanDisk. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has added pressure to semiconductor and AI-related stocks, while concerns about AI funding and stretched valuations have intensified the sector selloff. Five Things to Know Before the Market Opens

Sandisk Trading Down 4.7%

Shares of Sandisk stock traded down $69.85 on Wednesday, reaching $1,412.48. 4,257,130 shares of the stock were exchanged, compared to its average volume of 15,111,926. Sandisk Corporation has a 1-year low of $130.50 and a 1-year high of $2,354.39. The business has a fifty day moving average price of $1,598.08 and a two-hundred day moving average price of $1,487.22. The firm has a market capitalization of $204.15 billion, a PE ratio of 19.43, a PEG ratio of 0.15 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk declared that its Board of Directors has initiated a share buyback plan 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 repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SNDK shares. Evercore reiterated an “outperform” rating and issued a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. Mizuho upped their price target on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. China Renaissance upped their price target on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target for the company in a report on Monday, August 10th. Finally, 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 target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company’s stock.

Sandisk Company 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.