Great Lakes Advisors LLC Acquires Shares of 23,676 Sandisk Corporation $SNDK

Great Lakes Advisors LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,676 shares of the data storage provider’s stock, valued at approximately $53,834,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the 1st quarter valued at approximately $25,000. Whittier Trust Co. purchased a new position in Sandisk in the 4th quarter valued at approximately $26,000. Greenline Wealth Management LLC bought a new stake in Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Sandisk during the first quarter worth $29,000.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,800 shares of company stock valued at $6,504,856. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Sandisk stock opened at $1,625.78 on Wednesday. Sandisk Corporation has a fifty-two week low of $43.20 and a fifty-two week high of $2,354.39. The stock has a market cap of $240.76 billion, a P/E ratio of 22.30, a PEG ratio of 0.16 and a beta of 5.21. The firm’s fifty day moving average price is $1,670.35 and its 200-day moving average price is $1,203.01.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wells Fargo & Company increased their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. initiated coverage on Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, New Street Research set a $3,000.00 price target on shares of Sandisk in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1,999.27.

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

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.