Sandisk Corporation $SNDK Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Sandisk Corporation (NASDAQ:SNDK) by 1,151.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151 shares of the data storage provider’s stock after purchasing an additional 1,059 shares during the quarter. Van ECK Associates Corp’s holdings in Sandisk were worth $2,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Handelsbanken Fonder AB raised its holdings in shares of Sandisk by 35.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after buying an additional 14,964 shares during the period. Allworth Financial LP boosted its holdings in Sandisk by 84.2% during the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden purchased a new position in Sandisk during the 4th quarter valued at about $7,821,000. ProShare Advisors LLC grew its position in Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after acquiring an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Sandisk in the 4th quarter valued at about $422,000.

Wall Street Analyst Weigh In

Several research firms have commented on SNDK. UBS Group restated an “overweight” rating and issued a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. Wedbush reissued an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Mizuho decreased their target price on Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Citigroup lowered their price target on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Sandisk Price Performance

SNDK stock opened at $1,554.99 on Friday. The company has a market cap of $227.68 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. The company has a fifty day moving average price of $1,550.34 and a 200 day moving average price of $1,281.92. Sandisk Corporation has a 12 month low of $55.55 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 prior year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter 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, analysts anticipate that Sandisk Corporation will post 208.92 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 repurchase authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Upward earnings revisions support the shares. Zacks reiterated a Rank #1 (Strong Buy) for SNDK, citing a strengthening earnings outlook. The view follows Sandisk’s recent earnings beat, 371.6% year-over-year revenue growth and strong fiscal 2027 guidance. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: AI data-center demand remains a major bullish driver. Analysts continue to identify Sandisk as a way to participate in rising demand for enterprise storage, NAND flash and other memory infrastructure supporting AI workloads. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: Management’s scheduled presentations at the Citi Global TMT Conference and Goldman Sachs Communacopia + Technology Conference could provide fresh commentary on demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
• Neutral Sentiment: Recent commentary presents a wide range of expectations, including bullish price targets and comparisons highlighting Sandisk’s rapid revenue expansion. However, the stock’s elevated valuation and high volatility leave it sensitive to changes in the memory cycle and investor sentiment. SanDisk SNDK Stock Prediction
• Negative Sentiment: Growing Chinese competition is the key downside risk. Chinese memory manufacturers are gaining DRAM and NAND market share, raising concerns about future pricing pressure, reduced share and lower margins for Sandisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
• Negative Sentiment: Insider Bernard Shek sold approximately $915,360 of SNDK under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 2%, limiting its significance but adding a modest sentiment headwind. Insider Selling: Sandisk Insider Sells Stock

Insider Activity

In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the transaction, the insider owned 29,884 shares in the company, valued at $45,591,030.40. The trade was a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,800 shares of company stock worth $2,865,456 over the last 90 days. Company insiders own 0.21% of the company’s stock.

About Sandisk

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.