1,253 Sandisk Corporation $SNDK Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 33.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,445 shares of the data storage provider’s stock after selling 1,253 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Sandisk were worth $4,254,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SNDK. Commonwealth Financial Services LLC increased its holdings in Sandisk by 11.9% in the third quarter. Commonwealth Financial Services LLC now owns 141 shares of the data storage provider’s stock valued at $245,000 after buying an additional 15 shares during the last quarter. Net Worth Advisory Group raised its stake in Sandisk by 213.1% during the third quarter. Net Worth Advisory Group now owns 407 shares of the data storage provider’s stock valued at $727,000 after buying an additional 277 shares in the last quarter. Eagle Wealth Advisors LLC raised its stake in Sandisk by 35.3% during the third quarter. Eagle Wealth Advisors LLC now owns 295 shares of the data storage provider’s stock valued at $513,000 after buying an additional 77 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Sandisk by 160.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,039 shares of the data storage provider’s stock valued at $52,265,000 after buying an additional 18,517 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in Sandisk by 418.6% during the 3rd quarter. CWA Asset Management Group LLC now owns 3,537 shares of the data storage provider’s stock worth $6,155,000 after buying an additional 2,855 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 target price (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Citigroup reissued a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Weiss Ratings lowered Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What’s Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here’s What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Sandisk Stock Performance

NASDAQ SNDK opened at $1,378.22 on Thursday. Sandisk Corporation has a one year low of $144.82 and a one year high of $2,354.39. The company has a 50-day simple moving average of $1,608.84 and a 200-day simple moving average of $1,518.14. The firm has a market capitalization of $199.19 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

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 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 for the quarter. During the same quarter last year, the company earned $0.29 EPS. Sandisk’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. Equities analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Bernard Shek sold 2,308 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% 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. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is currently owned by insiders.

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.