Family Wealth Partners LLC Trims Stock Holdings in Sandisk Corporation $SNDK

Family Wealth Partners LLC lessened its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 79.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112 shares of the data storage provider’s stock after selling 446 shares during the quarter. Family Wealth Partners LLC’s holdings in Sandisk were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its stake in shares of Sandisk by 14.3% during the 2nd 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 last quarter. Castle Rock Wealth Management LLC raised its position in shares of Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after buying an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Sandisk by 1.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock valued at $1,755,000 after buying an additional 12 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after acquiring an additional 13 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Sandisk by 2.5% in the 2nd quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after acquiring an additional 13 shares during the last quarter.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Argus upgraded Sandisk from “Hold” to “Buy,” adding to the positive analyst momentum surrounding the shares. Benzinga
• Positive Sentiment: Sandisk’s fiscal fourth-quarter discussion highlighted rising AI-driven storage demand, multiyear customer contracts and disciplined supply growth, giving investors greater visibility into fiscal 2027. Sandisk Q4 Earnings Call Centers on AI Demand and Long-Term Deals
• Positive Sentiment: Recent bullish commentary argues that strong AI-related demand, pricing power, market-share gains and long-term hyperscaler commitments could support further earnings growth and a recovery toward prior highs. Prediction: Sandisk Will Reclaim Its All-Time High by the End of the Year
• Positive Sentiment: Several analysts continue to rate SNDK a Buy, with bullish views suggesting the recent selloff was an opportunity to buy into durable AI and storage demand. What’s Going On With Sandisk Stock Tuesday?
• Neutral Sentiment: At least one report compares Sandisk favorably with other storage companies on valuation, while other commentary stresses that the shares’ exceptional rally may already reflect much of the good news. SNDK vs. NTAP: Which Stock Is the Better Value Option?
• Neutral Sentiment: Reports describe SNDK as a potential stock-split candidate after its extraordinary advance, but the company has announced no split; such an action would not change its underlying value. Is a Stock Split Coming?
• Negative Sentiment: Investors remain concerned about valuation, NAND-cycle risk, mixed outlook signals and the possibility that memory-market pricing or demand could weaken after the current boom. The Two Primary Risks for SanDisk

Analyst Ratings Changes

SNDK has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Wedbush upped their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company lowered their price target on Sandisk from $1,620.00 to $1,400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Sandisk in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,853.14.

Insider Activity at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,271.05 on Wednesday. The business’s 50-day moving average is $1,680.61 and its two-hundred day moving average is $1,164.50. The firm has a market capitalization of $188.23 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.14 and a beta of 5.20. Sandisk Corporation has a 12 month low of $42.82 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. During the same period in the previous year, the company earned $0.29 EPS. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 187.19 EPS for the current year.

Sandisk announced that its board has authorized a share buyback plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.