Whalen Wealth Management Inc. Acquires Shares of 503 Sandisk Corporation $SNDK

Whalen Wealth Management Inc. bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 503 shares of the data storage provider’s stock, valued at approximately $1,144,000.

Several other institutional investors have also made changes to their positions in the company. Algert Global LLC raised its holdings in shares of Sandisk by 1.1% during the second quarter. Algert Global LLC now owns 116,642 shares of the data storage provider’s stock valued at $265,212,000 after acquiring an additional 1,262 shares during the period. Gallo Partners LP acquired a new position in Sandisk in the 2nd quarter worth approximately $402,000. GSG Advisors LLC acquired a new position in Sandisk in the 2nd quarter worth approximately $218,000. Safeguard Investment Advisory Group LLC purchased a new position in Sandisk during the 2nd quarter worth approximately $1,878,000. Finally, Tairen Capital Ltd purchased a new position in Sandisk during the 2nd quarter worth approximately $2,740,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand remains a major growth catalyst. Surging data-center revenue, multi-year contracts and improving revenue visibility have helped support Sandisk’s recent rally and could sustain demand for its storage products. SNDK Jumps 25% in a Month: Is there More Room for the Stock to Rise?
• Positive Sentiment: NAND pricing continues to benefit Sandisk. TrendForce expects prices to rise another 10% to 15% this quarter after an estimated 70% to 75% increase in the prior period; Sandisk indicated that higher pricing drove approximately two-thirds of its latest sequential revenue growth. Sandisk Rode an Estimated 70% Jump in NAND Prices
• Positive Sentiment: Sandisk was highlighted as a profitable company with strong net income and earnings growth. Its planned $14 billion share-repurchase authorization could provide additional support after the stock’s substantial 2026 advance. $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Sandisk Price Performance

Sandisk stock opened at $1,493.12 on Tuesday. Sandisk Corporation has a one year low of $46.01 and a one year high of $2,354.39. The company’s fifty day moving average price is $1,643.27 and its two-hundred day moving average price is $1,229.65. The company has a market capitalization of $218.62 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last announced 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. 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 prior year, the firm 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. As a group, sell-side analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its board has initiated a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated Monday, June 1st. The shares were 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 disclosure for this sale is available in the SEC filing. Insiders sold 3,800 shares of company stock valued at $6,504,856 over the last three months. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SNDK shares. Morgan Stanley increased their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 6th. Argus raised Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Finally, Wells Fargo & Company raised their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,999.27.

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.