Paragon Capital Management Inc. Acquires New Holdings in Sandisk Corporation $SNDK

Paragon Capital Management Inc. bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 548 shares of the data storage provider’s stock, valued at approximately $954,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in Sandisk in the 1st quarter valued at about $25,000. Atomic Invest LLC acquired a new stake in shares of Sandisk during the second quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk during the first quarter valued at about $29,000. Dunhill Financial LLC purchased a new stake in shares of Sandisk during the second quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Sandisk during the second quarter worth about $32,000.

Sandisk Stock Performance

SNDK opened at $1,394.83 on Friday. The company has a 50-day moving average of $1,601.86 and a 200-day moving average of $1,498.34. The company has a market capitalization of $201.59 billion, a P/E ratio of 19.13, a PEG ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a 1-year low of $136.29 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (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 business had revenue of $8.96 billion for the quarter. During the same quarter last year, the company posted $0.29 EPS. The business’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, sell-side analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its board has authorized a share buyback plan on Wednesday, August 5th that allows the company to buy back $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Share buyback plans are often an indication that the company’s board believes its stock is undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk has reportedly secured at least $93.9 billion in expected revenue through multiyear contracts, with financial guarantees that could protect the company if customers fail to meet their commitments. This provides meaningful revenue visibility and supports the long-term investment case. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Zacks Research upgraded Sandisk to “strong buy” from “hold,” citing the company’s growth prospects. Analysts have also identified Sandisk as a buy-the-dip opportunity because of strong AI-related storage demand and favorable longer-term industry growth. AI Memory Chip Selloff Looks Overblown
• Positive Sentiment: A partnership with Meta Platforms to provide data-storage options for Meta VR Glasses adds a potential avenue for future demand, although it has not prevented the broader sector selloff. SanDisk Stock Drops Despite Meta Partnership
• Neutral Sentiment: Investor Cathie Wood remains cautious on memory-chip companies, arguing that industry cycles are “vicious” and that Chinese rivals could eventually pressure margins. Her view highlights the risk that Sandisk’s recent margin expansion may prove temporary. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Chinese semiconductor maker CXMT’s reported plans to expand into server memory have intensified fears of future oversupply, lower pricing, and weaker margins for Sandisk and its peers. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: A broad technology and AI-stock selloff has pulled memory makers lower, with roughly $1 trillion in market value reportedly erased from major companies since October 2. Hotter-than-expected U.S. inflation has added pressure by increasing interest-rate concerns. Chip Meltdown Hits Memory Makers

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNDK. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Evercore restated an “outperform” rating and set a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. New Street Research set a $3,000.00 price objective on Sandisk in a report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Finally, China Renaissance increased their target price on Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Insider Transactions at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the sale, the insider directly owned 25,588 shares in the company, valued at $44,393,644.72. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock valued at $121,159,122 in the last three months. Corporate insiders own 0.29% of the company’s stock.

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.