GTS Securities LLC Purchases 8,867 Shares of Sandisk Corporation $SNDK

GTS Securities LLC raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 902.0% during the second quarter, HoldingsChannel.com reports. The firm owned 9,850 shares of the data storage provider’s stock after acquiring an additional 8,867 shares during the quarter. GTS Securities LLC’s holdings in Sandisk were worth $22,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dunhill Financial LLC bought a new position in Sandisk in the second quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Sandisk during the 2nd quarter valued at $32,000. Kilter Group LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Sandisk in the 2nd quarter valued at $34,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Sandisk in the 2nd quarter worth $50,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. Citigroup cut their target price on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wedbush reiterated an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Bank of America lifted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Mizuho decreased their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,998.14.

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of the 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 transaction, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,800 shares of company stock worth $6,504,856 over the last three months. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Sandisk stock opened at $1,484.98 on Friday. Sandisk Corporation has a one year low of $50.07 and a one year high of $2,354.39. The company has a market cap of $217.43 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20. The firm has a 50-day moving average of $1,595.87 and a 200-day moving average of $1,250.36.

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, 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 business had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s 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. As a group, sell-side analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has authorized a stock buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.