Sandisk Corporation $SNDK Shares Newly Acquired by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,477 shares of the data storage provider’s stock, valued at approximately $6,050,000. Sandisk makes up approximately 2.6% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its position in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after purchasing an additional 14,964 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at about $4,775,000. Florida Financial Advisors LLC purchased a new position in shares of Sandisk in the 1st quarter valued at about $2,747,000. UNICOM Systems Inc. lifted its stake in shares of Sandisk by 14.9% in the second quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock valued at $133,013,000 after purchasing an additional 7,600 shares during the period. Finally, Affinity Capital Advisors LLC acquired a new stake in shares of Sandisk in the second quarter valued at about $2,506,000.

Sandisk Stock Down 6.8%

Shares of Sandisk stock traded down $95.53 on Friday, hitting $1,299.30. The company’s stock had a trading volume of 8,871,699 shares, compared to its average volume of 8,782,726. Sandisk Corporation has a 52-week low of $136.29 and a 52-week high of $2,354.39. The firm has a fifty day moving average price of $1,603.61 and a 200-day moving average price of $1,496.95. The company has a market capitalization of $187.79 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

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, beating the consensus estimate 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 during the quarter. During the same quarter last year, the business posted $0.29 earnings per share. The business’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, analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Analyst Ratings Changes

A number of analysts recently commented on SNDK shares. Wedbush reissued an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Evercore reiterated an “outperform” rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target on the stock. BNP Paribas Exane decreased their price target on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Finally, Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus target price of $2,120.65.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the sale, the insider directly owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. This represents 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 sold 77,899 shares of company stock worth $121,159,122 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

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.