Sandisk (NASDAQ:SNDK) CFO Luis Felipe Visoso Sells 1,000 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) CFO Luis Felipe Visoso sold 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sandisk Price Performance

NASDAQ SNDK opened at $1,519.97 on Thursday. The firm has a market capitalization of $222.55 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a 1-year low of $90.22 and a 1-year high of $2,354.39. The business’s 50-day simple moving average is $1,508.03 and its 200-day simple moving average is $1,346.94.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Sandisk

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Sandisk during the 2nd quarter worth approximately $23,408,732,000. Norges Bank bought a new stake in shares of Sandisk in the 4th quarter valued at approximately $518,889,000. Geode Capital Management LLC increased its holdings in shares of Sandisk by 44.9% in the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after acquiring an additional 1,133,276 shares during the last quarter. Evergreen Quality Fund GP Ltd. acquired a new stake in shares of Sandisk during the 4th quarter valued at approximately $255,848,000. Finally, Situational Awareness LP raised its position in shares of Sandisk by 816.7% during the 4th quarter. Situational Awareness LP now owns 1,054,200 shares of the data storage provider’s stock valued at $250,246,000 after acquiring an additional 939,200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. 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, Susquehanna reduced their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $1,998.14.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts argue that Sandisk’s NAND bit supply contracts could improve earnings visibility and support structural margin expansion. Management’s targets of approximately 80% non-GAAP gross margins and 75% operating margins through fiscal 2028–2030 imply substantially higher normalized earnings power. Sandisk: The Market Is Still Underestimating Its New Earnings Power
• Positive Sentiment: AI infrastructure demand remains a key catalyst, as data centers and edge devices require increasing storage capacity. Investment commentary continues to identify Sandisk as an attractive way to participate in the expanding AI-related storage market. SandiskCorp. (SNDK): AI Boom Fuels Attractive Storage Market Opportunity
• Positive Sentiment: Sandisk has also attracted attention as a growth stock with potential upside, while its share-repurchase program may provide incremental support by reducing the number of shares outstanding. 3 Growth Stocks With 30%+ Upside to Buy This Week
• Neutral Sentiment: Memory-chip stocks, including Sandisk, have rebounded as some concerns about excessive AI spending eased. However, the move appears tied partly to sector-wide trading and changing investor sentiment rather than a new company-specific announcement. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
• Negative Sentiment: The main near-term headwind is a sharp reversal in AI-linked hardware shares after industry figures questioned the pace of frontier-model development. Sandisk’s high valuation makes it particularly sensitive to profit-taking and changes in AI-investment expectations. Nvidia, SanDisk, AMD Stocks Rebound
• Negative Sentiment: Competitive pressure from Micron and Seagate, along with debate over whether Sandisk’s valuation already reflects its AI-storage opportunity, could limit further gains. SNDK Capitalizes on AI Storage Growth

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.