1,100 Shares in Sandisk Corporation $SNDK Bought by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,100 shares of the data storage provider’s stock, valued at approximately $2,501,000. Sandisk accounts for approximately 1.5% of Laraway Financial Advisors Inc’s holdings, making the stock its 15th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Dockside LLC purchased a new position in Sandisk during the second quarter valued at $682,000. Trust Asset Management LLC boosted its holdings in shares of Sandisk by 3.9% during the 2nd quarter. Trust Asset Management LLC now owns 1,611 shares of the data storage provider’s stock valued at $3,663,000 after buying an additional 60 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of Sandisk by 2.9% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 635 shares of the data storage provider’s stock worth $1,444,000 after buying an additional 18 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of Sandisk in the 2nd quarter worth about $50,000. Finally, Tema ETFs LLC increased its stake in shares of Sandisk by 10.0% in the 2nd quarter. Tema ETFs LLC now owns 2,649 shares of the data storage provider’s stock worth $6,023,000 after acquiring an additional 241 shares in the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

Sandisk Price Performance

SNDK opened at $1,641.11 on Friday. The stock has a 50-day moving average price of $1,667.87 and a 200-day moving average price of $1,181.08. The firm has a market cap of $243.03 billion, a PE ratio of 22.51, a P/E/G ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a 1 year low of $42.82 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,800 shares of company stock valued at $6,504,856 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

SNDK has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and issued a $2,200.00 price objective on shares of Sandisk in a report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Susquehanna lowered their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. Finally, Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $1,999.27.

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.