21,968 Shares in Sandisk Corporation $SNDK Purchased by M.D. Sass LLC

M.D. Sass LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 21,968 shares of the data storage provider’s stock, valued at approximately $49,949,000. Sandisk comprises approximately 3.3% of M.D. Sass LLC’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the first quarter worth $25,000. Whittier Trust Co. purchased a new position in shares of Sandisk in the fourth quarter worth about $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk in the 4th quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Sandisk during the 1st quarter worth approximately $29,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s recent Investor Day highlighted significant long-term growth opportunities in AI storage, including high-bandwidth flash memory, a reported $93.9 billion customer backlog and ambitious profitability targets through fiscal 2028–2030. Management also emphasized returning excess cash to shareholders. Sandisk: Too Cheap To Ignore, Too Cyclical To Trust
• Positive Sentiment: JPMorgan initiated coverage with a Buy-equivalent recommendation and a $2,250 price target, citing Sandisk’s positioning in the AI memory market. This follows strong quarterly results, including earnings that exceeded expectations and revenue growth of roughly 372% year over year. SanDisk Gets New Buy Recommendation
• Positive Sentiment: Analysts and market commentators continue to argue that AI infrastructure demand could keep memory pricing and storage demand elevated, with some viewing Sandisk’s high-bandwidth flash products as a potential beneficiary of the shift toward agentic AI. Elon Musk on Memory and Storage Demand
• Neutral Sentiment: After gaining roughly 28% in the prior five sessions and nearly 550% year to date, SNDK is experiencing heightened volatility and profit-taking. Technical analysts are watching nearby support levels to determine whether the rebound can continue or the broader correction resumes. Sandisk Price Forecast
• Neutral Sentiment: Although the memory shortage may persist into 2027, investors remain divided over whether current margins are sustainable. Sandisk’s outlook depends heavily on continued pricing strength, data-center demand and successful execution of its new business model. Sandisk Stock and the Memory Shortage
• Negative Sentiment: A Wall Street Journal report intensified a broad selloff in memory-chip stocks as investors rotated out of AI hardware winners. Sandisk, Micron and Western Digital all came under pressure, indicating that sector-wide positioning is a major factor behind SNDK’s decline. WSJ Report Sends Memory Stocks Down
• Negative Sentiment: Rising Treasury yields are pressuring richly valued growth and semiconductor shares, making investors less willing to pay high multiples for stocks whose earnings are tied to a cyclical memory boom. Higher Rates Test the Memory Boom
• Negative Sentiment: Concerns that memory remains a boom-and-bust industry are resurfacing after SNDK’s parabolic run. Any normalization in NAND pricing or evidence of weaker demand could challenge expectations embedded in the stock’s elevated valuation. Sandisk: Every Bounce Looks Like a Trap

Wall Street Analyst Weigh In

SNDK has been the subject of a number of analyst reports. Mizuho set a $1,900.00 price target on Sandisk in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. New Street Research set a $3,000.00 price objective on shares of Sandisk in a report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Finally, Susquehanna dropped their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of “Buy” and an average price target of $1,999.27.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction 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 sale, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,800 shares of company stock valued at $6,504,856. Insiders own 0.21% of the company’s stock.

Sandisk Trading Down 9.0%

SNDK opened at $1,625.78 on Wednesday. The stock’s 50-day moving average price is $1,670.35 and its 200 day moving average price is $1,203.01. Sandisk Corporation has a 12-month low of $43.20 and a 12-month high of $2,354.39. The firm has a market cap of $240.76 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $0.29 EPS. The firm’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 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are 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.