812 Shares in Sandisk Corporation $SNDK Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the second quarter, HoldingsChannel.com reports. The firm bought 812 shares of the data storage provider’s stock, valued at approximately $1,846,000.

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in Sandisk during the second quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $32,000. Kilter Group LLC purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Sandisk during the 2nd quarter worth approximately $34,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Sandisk during the 2nd quarter worth approximately $50,000.

Insider Buying and Selling

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This trade represents a 1.90% 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. Over the last 90 days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI and NAND-cycle optimism: Investor sentiment improved after reports that demand for AI infrastructure is boosting high-capacity storage, while tighter NAND supply could support pricing and margins. This has helped Sandisk maintain strong momentum after its sharp one-year advance. SanDisk Stock Climbs As NAND Optimism Lifts Memory Stocks
• Positive Sentiment: Capital-return plans attract attention: Jim Cramer highlighted Sandisk’s substantial share-buyback plans, which may support earnings per share and signal management confidence following the stock’s surge. Jim Cramer Highlights Sandisk’s Massive Buybacks
• Positive Sentiment: Wall Street remains constructive: Mizuho reduced its price target modestly to $1,875 but retained an “outperform” rating, implying considerable upside from the reference price. Other recent commentary also points to Sandisk’s momentum and potential margin expansion. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Volatile sector trading: Sandisk and other memory stocks rebounded after a broad sell-off, but the group also faced renewed pre-market weakness as investors reassessed valuation and near-term memory pricing. The mixed trading indicates that sentiment remains highly sensitive to sector news. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Chinese competition is a longer-term risk: Yangtze Memory Technologies is targeting greater NAND market share by 2027, potentially increasing pricing pressure and challenging established suppliers such as Sandisk. YMTC Targets NAND Dominance

Sandisk Stock Up 1.3%

Shares of NASDAQ:SNDK opened at $1,499.37 on Thursday. The company has a market cap of $219.54 billion, a P/E ratio of 20.57, a P/E/G ratio of 0.15 and a beta of 5.20. The business has a fifty day simple moving average of $1,623.86 and a 200-day simple moving average of $1,242.46. Sandisk Corporation has a 52 week low of $47.40 and a 52 week high of $2,354.39.

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

Sandisk announced that its board has initiated a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

SNDK has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price target for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Royal Bank Of Canada boosted their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Finally, Morgan Stanley raised their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

About Sandisk

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.