Sandisk Corporation $SNDK Shares Purchased by Silicon Valley Capital Partners

Silicon Valley Capital Partners raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 1,917.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 343 shares of the data storage provider’s stock after acquiring an additional 326 shares during the period. Silicon Valley Capital Partners’ holdings in Sandisk were worth $779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Sandisk during the 2nd quarter worth about $23,408,732,000. Geode Capital Management LLC grew its holdings in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after purchasing an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after purchasing an additional 828,332 shares during the period. Situational Awareness LP increased its position in Sandisk by 42.4% during the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after purchasing an additional 743,325 shares during the last quarter. Finally, Norges Bank purchased a new position in Sandisk during the fourth quarter worth approximately $518,889,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand remains the main bullish driver. Analysts and industry commentary point to a growing “memory wall” problem, with AI workloads requiring substantially more high-performance storage and memory. Strong semiconductor data and renewed technology-sector momentum also supported premarket interest in SNDK. Why Are AI Memory Chip Stocks Micron and SanDisk Rising Today, and Who Owns Them?
• Positive Sentiment: SanDisk’s recent inclusion in S&P 100-related coverage and its constructive technical setup have increased visibility and may attract additional institutional demand. The company is also being highlighted among leading stocks forming bullish base patterns. SanDisk Stock Jumped 11% on S&P 100 News
• Neutral Sentiment: A market roundup identified SNDK as one of the technology stocks investors are watching as the sector regains leadership heading into the fourth quarter. This supports sentiment but does not represent a new company-specific announcement. Tech Retakes Lead Heading into Q4
• Negative Sentiment: China-based CXMT reportedly moved a newer DRAM process into mass production, potentially improving wafer yields and production economics. Greater Chinese supply could challenge the tight-memory thesis and pressure pricing and margins across the industry. Micron, SanDisk Stocks Face a New Test Today
• Negative Sentiment: Analysis warns that SanDisk’s pricing contracts contain built-in depreciation, creating a risk that realized prices decline even while AI demand remains strong. Technical commentary also points to resistance after the stock’s sharp recent recovery, increasing the likelihood of profit-taking. Sandisk Pricing Contracts Have Inbuilt Price Depreciation

Wall Street Analysts Forecast Growth

SNDK has been the subject of a number of research analyst reports. UBS Group restated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a report on Friday, August 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target for the company. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Citigroup cut their price objective on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two research 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 data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,998.14.

Insider Buying and Selling

In other news, CFO Luis 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 value of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the sale, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. 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. Insiders have sold a total of 77,899 shares of company stock worth $121,370,958 in the last ninety days. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Performance

Shares of NASDAQ:SNDK traded down $25.18 during midday trading on Monday, hitting $1,766.64. 10,376,256 shares of the company’s stock traded hands, compared to its average volume of 15,812,787. The firm’s fifty day moving average price is $1,500.67 and its two-hundred day moving average price is $1,362.09. Sandisk Corporation has a twelve month low of $93.54 and a twelve month high of $2,354.39. The company has a market cap of $258.67 billion, a PE ratio of 24.23, a P/E/G ratio of 0.18 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a stock 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 repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.