Moore Capital Management LP Lowers Holdings in Sandisk Corporation $SNDK

Moore Capital Management LP lowered its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 98.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 641 shares of the data storage provider’s stock after selling 41,649 shares during the period. Moore Capital Management LP’s holdings in Sandisk were worth $1,457,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in shares of Sandisk in the 2nd quarter valued at about $317,000. Merit Financial Group LLC bought a new position in Sandisk in the third quarter worth approximately $408,000. Dimensional Fund Advisors LP purchased a new stake in Sandisk during the third quarter worth $100,080,000. First Trust Advisors LP bought a new stake in Sandisk during the 3rd quarter valued at $9,788,000. Finally, Blair William & Co. IL purchased a new position in shares of Sandisk in the 3rd quarter valued at $591,000.

Sandisk Trading Up 5.5%

Shares of SNDK stock opened at $1,566.70 on Tuesday. Sandisk Corporation has a twelve month low of $50.07 and a twelve month high of $2,354.39. The company has a market capitalization of $229.40 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.15 and a beta of 5.21. The firm has a 50-day moving average price of $1,581.73 and a 200 day moving average price of $1,262.28.

Sandisk (NASDAQ:SNDK) last issued its 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 net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same period in the prior year, the business earned $0.29 EPS. The business’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,900.00 price objective on shares of Sandisk in a research report on Monday, August 10th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Argus raised Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Morgan Stanley raised their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,998.14.

Insider Activity

In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,800 shares of company stock valued at $2,991,696. Company insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

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.