PCM Encore LLC Buys New Stake in Sandisk Corporation $SNDK

PCM Encore LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,453 shares of the data storage provider’s stock, valued at approximately $3,303,000. Sandisk makes up approximately 0.6% of PCM Encore LLC’s holdings, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNDK. Dunhill Financial LLC acquired a new position in shares of Sandisk during the 2nd quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth about $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Sandisk during the second quarter worth approximately $34,000. Ramsey Quantitative Systems purchased a new stake in Sandisk during the second quarter worth approximately $50,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Sandisk by 114.3% in the second quarter. Elevation Wealth Partners LLC now owns 30 shares of the data storage provider’s stock valued at $68,000 after purchasing an additional 16 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on SNDK. Evercore reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Royal Bank Of Canada boosted their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $1,999.27.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,600.62 on Friday. Sandisk Corporation has a one year low of $43.56 and a one year high of $2,354.39. The stock has a market capitalization of $234.36 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20. The company has a 50-day simple moving average of $1,663.24 and a 200-day simple moving average of $1,217.48.

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, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business’s revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% 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 have sold a total of 3,800 shares of company stock valued at $6,504,856 over the last ninety days. 0.21% of the stock is owned by insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

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.