Sandisk Corporation $SNDK Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,113 shares of the data storage provider’s stock after buying an additional 500 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sandisk were worth $14,116,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Income Insurance Ltd purchased a new stake in Sandisk during the 3rd quarter worth about $835,000. Strengthening Families & Communities LLC boosted its position in shares of Sandisk by 109.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 23 shares of the data storage provider’s stock worth $40,000 after acquiring an additional 12 shares in the last quarter. Sowell Financial Services LLC increased its holdings in shares of Sandisk by 351.0% in the 3rd quarter. Sowell Financial Services LLC now owns 920 shares of the data storage provider’s stock valued at $1,601,000 after acquiring an additional 716 shares during the last quarter. Rodgers & Associates LTD purchased a new position in shares of Sandisk in the 3rd quarter valued at about $289,000. Finally, Capstone Capital Management Ltd purchased a new position in shares of Sandisk in the 3rd quarter valued at about $1,776,000.

Sandisk Price Performance

Shares of SNDK opened at $1,378.22 on Thursday. Sandisk Corporation has a 1-year low of $144.82 and a 1-year high of $2,354.39. The stock has a market cap of $199.19 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. The firm has a fifty day moving average price of $1,608.84 and a 200 day moving average price of $1,518.14.

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. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue 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. As a group, equities analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a share buyback 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 reacquire up to 6.6% of its shares through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,899 shares of company stock worth $121,159,122 over the last three months. 0.29% of the stock is currently owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What’s Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here’s What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America raised their target price on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 target price (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. New Street Research set a $3,000.00 price target on Sandisk in a report on Thursday, August 6th. UBS Group reiterated an “overweight” rating and issued a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. Finally, Citigroup reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

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.