Yousif Capital Management LLC Sells 572 Shares of Sandisk Corporation $SNDK

Yousif Capital Management LLC cut its position in Sandisk Corporation (NASDAQ:SNDK) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,047 shares of the data storage provider’s stock after selling 572 shares during the quarter. Yousif Capital Management LLC’s holdings in Sandisk were worth $22,700,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Sandisk in the 2nd quarter worth about $23,408,732,000. Situational Awareness LP raised its stake in Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the period. Wellington Management Group LLP raised its stake in Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after acquiring an additional 443,714 shares during the period. Amundi raised its stake in Sandisk by 135.5% in the 1st quarter. Amundi now owns 872,632 shares of the data storage provider’s stock valued at $554,418,000 after acquiring an additional 502,166 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Sandisk by 33.3% during the third quarter. Assenagon Asset Management S.A. now owns 828,900 shares of the data storage provider’s stock valued at $1,442,195,000 after purchasing an additional 207,051 shares during the last quarter.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It’s Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

Analyst Ratings Changes

A number of brokerages have weighed in on SNDK. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price for the company. Citigroup reissued a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Sanford C. Bernstein restated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Stock Down 1.8%

SNDK traded down $22.90 during trading on Friday, reaching $1,238.03. 7,871,991 shares of the company were exchanged, compared to its average volume of 7,999,073. The company’s 50-day moving average is $1,595.43 and its two-hundred day moving average is $1,520.09. The company has a market cap of $178.93 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 0.13 and a beta of 5.23. Sandisk Corporation has a 12-month low of $164.56 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted 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. 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 period in the previous year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the transaction, the executive vice president directly owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company’s stock.

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.