Quantbot Technologies LP Acquires Shares of 544 Sandisk Corporation $SNDK

Quantbot Technologies LP bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 544 shares of the data storage provider’s stock, valued at approximately $1,237,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDK. Evolve Private Wealth LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $2,359,000. AI Squared Management Ltd bought a new stake in Sandisk in the second quarter valued at about $16,826,000. Westpac Banking Corp bought a new stake in Sandisk in the second quarter valued at about $628,000. TRB Wealth Management LLC acquired a new position in Sandisk in the second quarter valued at about $643,000. Finally, Sumitomo Life Insurance Co. acquired a new position in Sandisk in the second quarter valued at about $4,320,000.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,480.77 on Wednesday. Sandisk Corporation has a fifty-two week low of $46.75 and a fifty-two week high of $2,354.39. The stock has a market capitalization of $216.81 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. The business’s 50-day simple moving average is $1,633.05 and its 200-day simple moving average is $1,235.96.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Sandisk’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. On average, research analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $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 typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several analyst reports. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Susquehanna decreased their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Finally, Citigroup reduced their price target on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Three 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.com, Sandisk has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Optimism about an AI-driven memory cycle is supporting Sandisk and other NAND stocks. Analysts and market commentators argue that data-center demand, multi-year contracts, and stronger NAND pricing could leave room for further upside. One Reason to Be Bullish on SanDisk Stock
• Positive Sentiment: Recent coverage highlights Sandisk’s potential path toward an 80% margin target and a possible “token-battery” advantage, leading to a rating upgrade despite concerns about the company’s valuation and cyclical exposure. Sandisk: The Hidden Mechanism Behind Its 80% Margin Target
• Positive Sentiment: Mizuho maintained an Outperform rating and trimmed its price target only slightly, to $1,875, implying substantial potential upside from the reference price. Mizuho price target update
• Positive Sentiment: Zacks identified SNDK as a strong momentum stock, while prior coverage pointed to rapid data-center revenue growth, AI demand, and improving earnings visibility. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Sandisk and other semiconductor stocks rebounded in premarket trading after Monday’s broad technology and memory-sector sell-off, but the recovery appears driven largely by sector sentiment rather than a new company-specific announcement. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Memory stocks remain under pressure after reports that Apple could source chips from Chinese suppliers, potentially increasing competition and weakening demand expectations for established suppliers. Samsung-related headwinds and profit-taking also weighed on the sector. Memory Stocks Slide on Apple Chinese Chip Report
• Negative Sentiment: Investors are also weighing Sandisk’s cyclicality and the sustainability of elevated NAND prices following a reported 70% jump in the prior period; TrendForce expects a more moderate 10%–15% increase this quarter, raising concerns about slowing price-driven growth. NAND Price Outlook

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on 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 directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,800 shares of company stock valued at $6,504,856 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Sandisk Company 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.