Wealth Effects LLC Takes $1.84 Million Position in Sandisk Corporation $SNDK

Wealth Effects LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 810 shares of the data storage provider’s stock, valued at approximately $1,842,000.

Several other institutional investors have also recently bought and sold shares of SNDK. Trivium Point Advisory LLC acquired a new position in Sandisk during the 2nd quarter worth $223,000. HBK Sorce Advisory LLC acquired a new stake in shares of Sandisk in the 2nd quarter valued at $369,000. Peachtree Investment Partners LLC acquired a new stake in shares of Sandisk in the 2nd quarter valued at $368,000. Flputnam Investment Management Co. bought a new stake in shares of Sandisk during the second quarter worth $337,000. Finally, 180 GPS Investments IC Ltd bought a new stake in shares of Sandisk during the second quarter worth $5,632,000.

Key Headlines Impacting Sandisk

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.

Wall Street Analyst Weigh In

SNDK has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. Wedbush reissued an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a report on Friday. Wells Fargo & Company upped their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday. Susquehanna reduced their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,999.27.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% 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 ninety days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,641.11 on Monday. The stock has a 50-day simple moving average of $1,667.87 and a 200 day simple moving average of $1,186.09. The company has a market capitalization of $243.03 billion, a PE ratio of 22.51, a P/E/G ratio of 0.16 and a beta of 5.21. Sandisk Corporation has a 12 month low of $42.82 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly 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. As a group, sell-side analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.