OneDigital Investment Advisors LLC Makes New Investment in Sandisk Corporation $SNDK

OneDigital Investment Advisors LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,834 shares of the data storage provider’s stock, valued at approximately $4,170,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp acquired a new position in shares of Sandisk during the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk in the third quarter valued at $297,293,000. Norges Bank acquired a new stake in shares of Sandisk in the fourth quarter valued at $518,889,000. Bank of America Corp DE bought a new position in Sandisk during the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC bought a new position in Sandisk during the third quarter valued at about $163,057,000.

Analysts Set New Price Targets

SNDK has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a report on Friday. Evercore reiterated an “outperform” rating on shares of Sandisk in a report on Thursday. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $2,200.00 price target on shares of Sandisk in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $1,999.27.

Insider Buying and Selling

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s 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 value of $697,296.00. Following the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction 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 approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,800 shares of company stock worth $6,504,856 over the last ninety days. 0.21% of the stock is currently owned by insiders.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,641.11 on Monday. Sandisk Corporation has a one year low of $42.82 and a one year high of $2,354.39. The business has a 50-day moving average price of $1,667.87 and a two-hundred day moving average price of $1,186.09. The firm has a market capitalization of $243.03 billion, a PE ratio of 22.51, a PEG ratio of 0.16 and a beta of 5.21.

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, beating 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%.Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has initiated a share repurchase 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 reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

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.