Sandisk Corporation $SNDK Shares Sold by VMS Asset Management Limited

VMS Asset Management Limited cut its holdings in Sandisk Corporation (NASDAQ:SNDK) by 69.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,579 shares of the data storage provider’s stock after selling 8,271 shares during the quarter. Sandisk comprises 2.4% of VMS Asset Management Limited’s holdings, making the stock its 15th biggest position. VMS Asset Management Limited’s holdings in Sandisk were worth $6,227,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk in the first quarter valued at approximately $25,000. Atomic Invest LLC bought a new stake in shares of Sandisk during the second quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk during the first quarter worth $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk during the second quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the second quarter worth $32,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a partnership with Meta Platforms to provide data-storage options for Meta’s VR glasses, supporting the company’s exposure to artificial intelligence, augmented reality and other long-term data-demand trends. SanDisk Stock Drops Despite Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli reiterated a highly bullish long-term view, projecting a $3,000 price target and arguing that future earnings could make the valuation appear inexpensive. Other analysts also describe SNDK as an attractive buy-the-dip opportunity because of sustained AI-related memory demand. SanDisk Has More Upside
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. A bullish investment case also points to robust NAND pricing, long-term contracts and financial guarantees. SanDisk Credit Rating Upgrade
• Neutral Sentiment: Strong third-quarter results from semiconductor-equipment maker ASML and continued expectations for AI infrastructure growth provide support for memory demand, but have not been enough to overcome current sector selling. Why Memory Stocks Are Falling Despite ASML Results
• Negative Sentiment: Chinese memory maker CXMT’s advances and plans to target high-end server memory are raising fears that new competition could pressure SanDisk’s pricing, market share and expected memory-cycle profits. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has increased macroeconomic and interest-rate uncertainty, while concerns about AI funding and stretched semiconductor valuations are adding to the sector-wide selloff. Market Open News

Insider Activity at Sandisk

In other news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the transaction, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock valued at $121,159,122 in the last ninety days. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the subject of a number of research analyst reports. Zacks Research lowered shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Wedbush restated an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Raymond James Financial increased their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Sandisk Stock Performance

Sandisk stock opened at $1,403.34 on Thursday. The stock has a 50-day simple moving average of $1,599.14 and a 200 day simple moving average of $1,492.85. The stock has a market capitalization of $202.82 billion, a P/E ratio of 19.25, a PEG ratio of 0.15 and a beta of 5.23. Sandisk Corporation has a 52 week low of $130.50 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released 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 firm had revenue of $8.96 billion for the quarter. During the same quarter in the prior 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. Research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its board has initiated a share buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.