716 Sandisk Corporation $SNDK Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 351.0% in the third quarter, HoldingsChannel.com reports. The fund owned 920 shares of the data storage provider’s stock after purchasing an additional 716 shares during the quarter. Sowell Financial Services LLC’s holdings in Sandisk were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Sandisk in the second quarter valued at $23,408,732,000. Situational Awareness LP increased its position in Sandisk by 42.4% during the 2nd 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 in the last quarter. Wellington Management Group LLP increased its position in Sandisk by 71.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after purchasing an additional 443,714 shares in the last quarter. Amundi increased its position in Sandisk by 135.5% during the 1st quarter. Amundi now owns 872,632 shares of the data storage provider’s stock worth $554,418,000 after purchasing an additional 502,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Sandisk by 33.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,900 shares of the data storage provider’s stock valued at $1,442,195,000 after purchasing an additional 207,051 shares during the last quarter.

Insider Activity at Sandisk

In other news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm’s 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 transaction of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares in the company, valued at $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Insiders own 0.29% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SNDK. The Goldman Sachs Group restated a “buy” rating and issued a $2,200.00 target price (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Three 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Sandisk Trading Down 8.5%

NASDAQ SNDK opened at $1,260.93 on Friday. The business’s 50-day moving average price is $1,603.49 and its 200 day moving average price is $1,522.08. Sandisk Corporation has a twelve month low of $146.00 and a twelve month high of $2,354.39. The company has a market capitalization of $182.24 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The firm 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 firm’s quarterly revenue was up 371.6% on a year-over-year basis. 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. Equities analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.

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

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.