Quantinno Capital Management LP Buys 18,553 Shares of Sandisk Corporation $SNDK

Quantinno Capital Management LP raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 38.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 66,953 shares of the data storage provider’s stock after purchasing an additional 18,553 shares during the quarter. Quantinno Capital Management LP’s holdings in Sandisk were worth $42,538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SNDK. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter worth $25,000. Whittier Trust Co. bought a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk during the fourth quarter valued at about $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the fourth quarter valued at about $27,000. Finally, Parallel Advisors LLC bought a new position in Sandisk in the third quarter worth about $30,000.

Sandisk Trading Up 26.0%

SNDK stock opened at $1,279.96 on Friday. The stock has a market capitalization of $189.55 billion, a PE ratio of 44.49 and a beta of 4.74. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The stock’s 50 day simple moving average is $1,734.42 and its 200 day simple moving average is $1,115.89.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. On average, research analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI spending optimism returned. Microsoft’s commitment to approximately $190 billion in capital expenditures helped ease concerns that cloud and AI infrastructure investment was slowing. The news lifted expectations for demand for data-center storage and memory products, including SanDisk’s enterprise NAND solutions. Microsoft Committed $190B CapEx and Pulled SanDisk Out of Their Slump
• Positive Sentiment: Memory-sector supply conditions appeared more favorable. Samsung Electronics reported a significant increase in chip profit and signed multiyear supply agreements with data-center operators, while warning that chip shortages could persist through 2028. That supported a broader rebound in memory stocks and reinforced the potential for stronger pricing. Why Micron, SanDisk, SK Hynix and Other Memory Stocks Are Roaring Back
• Positive Sentiment: Investors are positioning ahead of fiscal fourth-quarter earnings on August 5. Analysts cited the possibility of another earnings beat, with consensus estimates calling for roughly $33.38 per share in EPS. SanDisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while long-term contracts and approximately $42 billion in commitments support visibility into future demand. SanDisk Stock Is Gaining Thursday: What’s Going On?
• Neutral Sentiment: The rebound follows an extreme decline. SNDK had fallen roughly 57% from its peak and was considered deeply oversold, encouraging technical traders and investors seeking a recovery. However, the stock’s exceptionally high beta indicates that price swings may remain substantial. Is SanDisk Stock Crash Over?
• Negative Sentiment: Risks remain significant. Morningstar reportedly sees the AI boom as potentially finite before a possible downturn, while investors continue to worry about Chinese competition, another NAND oversupply cycle and the stock’s elevated valuation. Earnings guidance and management’s outlook will be critical to determining whether the rebound can continue. SanDisk Falls 54%: Morningstar Sees Finite AI Boom

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SNDK. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Evercore set a $3,100.00 price objective on Sandisk in a research report on Monday, July 13th. Sanford C. Bernstein upped their target price on shares of Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Susquehanna lowered their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research report on Thursday, July 23rd. Finally, Argus assumed coverage on shares of Sandisk in a research note on Wednesday, July 15th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the sale, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% 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. Over the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.

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.