Range Advisory LLC Decreases Stock Position in Sandisk Corporation $SNDK

Range Advisory LLC lessened its holdings in Sandisk Corporation (NASDAQ:SNDK) by 78.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 153 shares of the data storage provider’s stock after selling 551 shares during the period. Range Advisory LLC’s holdings in Sandisk were worth $348,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SNDK. Dogwood Wealth Management LLC raised its position in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Nilsine Partners LLC boosted its stake in Sandisk by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after purchasing an additional 7 shares in the last quarter. Cornerstone Financial Management LLC boosted its stake in Sandisk by 60.0% in the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after purchasing an additional 9 shares in the last quarter. Castle Rock Wealth Management LLC grew its position in Sandisk by 2.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after purchasing an additional 10 shares during the last quarter. Finally, Triumph Capital Management grew its position in Sandisk by 220.0% during the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 11 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on SNDK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. Mizuho cut their target price on Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada raised their target price on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Sandisk presently has an average rating of “Buy” and a consensus price target of $1,998.14.

Insider Buying and Selling 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 transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the sale, the insider owned 25,305 shares in the company, valued at $44,722,285.65. The trade was a 8.36% 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. Over the last ninety days, insiders sold 9,220 shares of company stock worth $14,829,223. 0.21% of the stock is owned by corporate insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Sandisk Trading Down 0.1%

Shares of NASDAQ SNDK opened at $1,737.99 on Wednesday. Sandisk Corporation has a 12 month low of $69.57 and a 12 month high of $2,354.39. The company has a 50 day simple moving average of $1,526.40 and a two-hundred day simple moving average of $1,305.86. The stock has a market cap of $254.47 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.17 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data 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 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 quarter in the previous year, the company earned $0.29 EPS. 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. Analysts forecast that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has approved a stock buyback program 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 reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are often 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.