Sigma Planning Corp Acquires 512 Shares of Sandisk Corporation $SNDK

Sigma Planning Corp increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 41.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,756 shares of the data storage provider’s stock after purchasing an additional 512 shares during the period. Sigma Planning Corp’s holdings in Sandisk were worth $3,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Sandisk in the second quarter valued at approximately $23,408,732,000. Situational Awareness LP increased its stake in Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after buying an additional 743,325 shares during the period. Wellington Management Group LLP increased its stake in Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after buying an additional 443,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sandisk by 57.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock valued at $1,652,370,000 after buying an additional 264,935 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk during the 2nd quarter worth $1,621,353,000.

Analysts Set New Price Targets

Several analysts have recently commented on SNDK shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. Susquehanna cut their price objective on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $2,200.00 target price (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Finally, Cantor Fitzgerald decreased their target price on shares of Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,093.73.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction dated Tuesday, September 15th. The stock was 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 directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. The trade was 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. Over the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is owned by company insiders.

Sandisk Trading Up 1.4%

NASDAQ:SNDK opened at $1,255.58 on Tuesday. Sandisk Corporation has a 12-month low of $164.56 and a 12-month high of $2,354.39. The firm has a market cap of $181.47 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.12 and a beta of 5.23. The company’s 50-day moving average is $1,593.45 and its two-hundred day moving average is $1,227.63.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company 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 revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 5th that authorizes the company to buy back $14 billion in shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

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.