TB Alternative Assets Ltd. Sells 10,792 Shares of Sandisk Corporation $SNDK

TB Alternative Assets Ltd. decreased its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,692 shares of the data storage provider’s stock after selling 10,792 shares during the quarter. Sandisk accounts for about 6.4% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 5th biggest position. TB Alternative Assets Ltd.’s holdings in Sandisk were worth $30,782,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SNDK. Benchmark Financial LLC acquired a new stake in Sandisk during the third quarter worth about $348,000. Franchise GP Ltd increased its stake in Sandisk by 0.7% during the third quarter. Franchise GP Ltd now owns 7,570 shares of the data storage provider’s stock valued at $13,171,000 after acquiring an additional 50 shares during the period. Paragon Capital Management Inc. acquired a new position in Sandisk in the 3rd quarter valued at approximately $954,000. Milestone Asset Management LLC raised its holdings in Sandisk by 22.8% in the 3rd quarter. Milestone Asset Management LLC now owns 491 shares of the data storage provider’s stock valued at $854,000 after acquiring an additional 91 shares in the last quarter. Finally, NFSG Corp lifted its position in shares of Sandisk by 42.7% in the 3rd quarter. NFSG Corp now owns 2,180 shares of the data storage provider’s stock worth $3,793,000 after acquiring an additional 652 shares during the period.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the sale, the executive vice president owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The sale was disclosed in a 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, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares in the company, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock worth $121,159,122 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Sandisk Stock Down 0.6%

Shares of SNDK opened at $1,394.83 on Friday. The stock has a market cap of $201.59 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a 12 month low of $136.29 and a 12 month high of $2,354.39. The company has a 50-day moving average price of $1,601.86 and a two-hundred day moving average price of $1,498.34.

Sandisk (NASDAQ:SNDK) last released 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk has reportedly secured at least $93.9 billion in expected revenue through multiyear contracts, with financial guarantees that could protect the company if customers fail to meet their commitments. This provides meaningful revenue visibility and supports the long-term investment case. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Zacks Research upgraded Sandisk to “strong buy” from “hold,” citing the company’s growth prospects. Analysts have also identified Sandisk as a buy-the-dip opportunity because of strong AI-related storage demand and favorable longer-term industry growth. AI Memory Chip Selloff Looks Overblown
• Positive Sentiment: A partnership with Meta Platforms to provide data-storage options for Meta VR Glasses adds a potential avenue for future demand, although it has not prevented the broader sector selloff. SanDisk Stock Drops Despite Meta Partnership
• Neutral Sentiment: Investor Cathie Wood remains cautious on memory-chip companies, arguing that industry cycles are “vicious” and that Chinese rivals could eventually pressure margins. Her view highlights the risk that Sandisk’s recent margin expansion may prove temporary. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Chinese semiconductor maker CXMT’s reported plans to expand into server memory have intensified fears of future oversupply, lower pricing, and weaker margins for Sandisk and its peers. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: A broad technology and AI-stock selloff has pulled memory makers lower, with roughly $1 trillion in market value reportedly erased from major companies since October 2. Hotter-than-expected U.S. inflation has added pressure by increasing interest-rate concerns. Chip Meltdown Hits Memory Makers

Analyst Ratings Changes

Several brokerages have recently weighed in on SNDK. China Renaissance lifted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Raymond James Financial boosted their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Bank of America upped their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Finally, Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price for the company in a research 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 four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

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.