Greenland Capital Management LP Reduces Holdings in Sandisk Corporation $SNDK

Greenland Capital Management LP decreased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 94.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 177 shares of the data storage provider’s stock after selling 2,916 shares during the quarter. Greenland Capital Management LP’s holdings in Sandisk were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new stake in Sandisk during the second quarter valued at approximately $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk during the 3rd quarter worth $408,000. Dimensional Fund Advisors LP purchased a new position in shares of Sandisk during the 3rd quarter worth $100,080,000. First Trust Advisors LP bought a new stake in shares of Sandisk during the 3rd quarter valued at $9,788,000. Finally, Blair William & Co. IL bought a new stake in shares of Sandisk during the 3rd quarter valued at $591,000.

Insider Activity

In related news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the sale, the insider owned 29,884 shares of the company’s stock, valued at approximately $45,591,030.40. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 in the last three months. Company insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion supports demand: SanDisk’s addition to the S&P 100 helped propel a recent 11.9% gain. The inclusion could increase visibility and generate buying from index-tracking funds, while reported hedge-fund ownership has also risen. SanDisk Stock Rallies on S&P 100 Inclusion
• Positive Sentiment: AI and data-center demand are key catalysts: Investors continue to favor SanDisk as AI infrastructure expands demand for high-capacity storage. Analysts and market commentators see potential for further earnings growth if NAND pricing and demand remain favorable. Micron and SanDisk Stocks Rebound
• Positive Sentiment: More predictable revenue may reduce cyclicality: SanDisk is pursuing longer-term supply agreements intended to lessen its exposure to the traditionally volatile NAND memory cycle. Reports cite approximately $93.9 billion in supply contracts, strengthening the company’s demand visibility if those agreements are executed. Why Investors See More Upside for SanDisk’s Rally
• Positive Sentiment: Analysts see additional upside: Bernstein and other research firms have issued bullish views, including a reported $3,000 price target. SanDisk is also being highlighted among highly ranked growth stocks, reflecting expectations for strong earnings and revenue momentum. MU vs. SNDK: Which Memory Stock Has More Upside?
• Neutral Sentiment: Technical and valuation risks remain: SNDK has risen more than 500% this year, leaving the stock highly sensitive to profit-taking and changes in NAND pricing. Although analysts remain optimistic, the memory market’s historical cyclicality and the stock’s elevated volatility could limit near-term gains. SanDisk Stock Price Forecast

Sandisk Stock Performance

Shares of SNDK stock opened at $1,740.00 on Tuesday. Sandisk Corporation has a 52-week low of $63.74 and a 52-week high of $2,354.39. The firm has a market capitalization of $254.77 billion, a PE ratio of 23.87, a PEG ratio of 0.17 and a beta of 5.17. The stock has a fifty day simple moving average of $1,537.12 and a two-hundred day simple moving average of $1,297.85.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results 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 return on equity of 87.84% and a net margin of 56.47%.The business had revenue of $8.96 billion for the quarter. During the same period in the prior year, the business earned $0.29 earnings per share. Sandisk’s 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. On average, sell-side analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has approved a stock repurchase program 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 buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNDK shares. JPMorgan Chase & Co. began coverage on Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a report on Thursday, August 13th. Evercore restated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Morgan Stanley raised their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,998.14.

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.