Sandisk Corporation $SNDK Shares Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC boosted its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 1,025.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,914 shares of the data storage provider’s stock after buying an additional 2,655 shares during the quarter. Sandisk makes up approximately 1.1% of Cadent Capital Advisors LLC’s portfolio, making the stock its 23rd biggest position. Cadent Capital Advisors LLC’s holdings in Sandisk were worth $5,070,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Dogwood Wealth Management LLC lifted its position in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares during the period. Nilsine Partners LLC increased its position in shares of Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after buying an additional 7 shares during the period. Insight Wealth Partners LLC increased its position in shares of Sandisk by 0.4% during the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after buying an additional 7 shares during the period. Cornerstone Financial Management LLC lifted its holdings in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after buying an additional 9 shares during the period. Finally, LifeGoal Investments LLC lifted its holdings in Sandisk by 3.9% in the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock valued at $421,000 after buying an additional 9 shares during the period.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain bullish on SanDisk’s exposure to the AI infrastructure buildout. Demand for high-capacity, fast storage is expected to grow as AI systems move from training to large-scale deployment, potentially supporting revenue and pricing for years. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing demand tied to “agentic AI.” Other analysts have also issued significantly higher targets, reinforcing expectations for continued earnings growth. Mizuho raises SanDisk price target
• Positive Sentiment: The company’s recent results provide strong fundamental support: revenue rose 371.6% year over year, earnings exceeded consensus, and management issued first-quarter fiscal 2027 earnings guidance of $44 to $46 per share. Longer-term contracts and increased data-center exposure could make profits less dependent on volatile spot-memory pricing.
• Neutral Sentiment: SanDisk’s valuation is being debated. Its approximately 22-times earnings multiple may appear reasonable if AI-driven growth persists, but could prove expensive if current profits represent a cyclical peak. Investors are likely to focus on pricing, contract coverage, and margin sustainability at the company’s upcoming earnings report. SanDisk posted an 84.6% margin quarter
• Negative Sentiment: Memory stocks sold off after Samsung’s preliminary revenue results missed expectations, raising concerns about industry demand and pricing. SanDisk declined alongside Micron and SK Hynix despite some analysts arguing that supply and pricing fears are overstated. Memory stock selloff
• Negative Sentiment: Investors are also weighing elevated Treasury yields, higher oil prices, profit-taking after SanDisk’s extraordinary rally, and the risk that new competitor capacity—particularly from Chinese manufacturers—could eventually recreate a memory oversupply.

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider owned 25,305 shares in the company, valued at $44,722,285.65. This represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNDK has been the subject of several research analyst reports. Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research report on Monday, August 10th. Raymond James Financial lifted their target price on Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Susquehanna reduced their price objective on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. Finally, New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Stock Performance

Sandisk stock traded down $7.78 during mid-day trading on Friday, reaching $1,601.68. The stock had a trading volume of 3,346,393 shares, compared to its average volume of 15,223,899. Sandisk Corporation has a fifty-two week low of $116.17 and a fifty-two week high of $2,354.39. The stock’s 50-day simple moving average is $1,585.66 and its 200-day simple moving average is $1,469.83. The firm has a market capitalization of $231.49 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping 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 company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the company earned $0.29 earnings per share. Sandisk’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. On average, research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.