Sandisk Corporation $SNDK Holdings Decreased by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 5.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,386 shares of the data storage provider’s stock after selling 494 shares during the period. Quadrant Capital Group LLC’s holdings in Sandisk were worth $14,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SNDK. Valley Wealth Managers Inc. bought a new position in shares of Sandisk in the 1st quarter worth about $25,000. Atomic Invest LLC bought a new position in Sandisk during the second quarter worth $25,000. IMG Wealth Management Inc. bought a new position in shares of Sandisk during the 1st quarter worth about $29,000. Dunhill Financial LLC bought a new position in Sandisk in the second quarter worth approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Sandisk during the second quarter valued at approximately $32,000.

Sandisk Stock Down 0.4%

Shares of NASDAQ SNDK opened at $1,365.38 on Wednesday. The company has a market capitalization of $197.34 billion, a PE ratio of 18.73, a PEG ratio of 0.14 and a beta of 5.23. The stock’s 50 day moving average price is $1,608.16 and its 200-day moving average price is $1,513.38. Sandisk Corporation has a twelve month low of $142.76 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business’s revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Share buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SNDK shares. Bank of America upped their target price on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Susquehanna reduced their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. Mizuho boosted their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. China Renaissance lifted their price objective on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, BNP Paribas Exane lowered their price objective on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 2,308 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the sale, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk 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 completion of the sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock worth $121,159,122 in the last ninety days. Company insiders own 0.29% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s upcoming fiscal first-quarter report on October 29 is a key potential catalyst. Investors will focus on whether strong demand, pricing, margins and management guidance support the company’s recently upgraded earnings outlook. Sandisk Q1 Preview
• Positive Sentiment: Recent bullish commentary points to strong cash generation, favorable earnings revisions and potential benefits from Nvidia’s NVHBM technology becoming an industry standard for high-bandwidth memory connections. Sandisk was also upgraded to Zacks’ Rank #1, or Strong Buy. Sandisk upgraded to Strong Buy
• Neutral Sentiment: Analysts and investors remain divided: some view the recent sell-off as technically oversold and see upside, while others argue that the stock’s low forward valuation depends on unusually strong memory pricing continuing. Investor commentary on Sandisk
• Negative Sentiment: Memory stocks broadly weakened after a selloff in Seoul revived fears that data-center and AI spending could slow. Sandisk, Micron and SK Hynix were all lower in premarket trading, highlighting sector-wide rather than company-specific pressure. AI memory stocks fall
• Negative Sentiment: Jim Cramer warned that Sandisk and Western Digital could be especially exposed if data-center capacity growth slows. Separately, China’s CXMT technology breakthrough has raised concerns about additional memory supply, price competition and pressure on Sandisk’s profit surge, which has been driven substantially by higher prices. Cramer warning on Sandisk

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.