Nykredit A S Buys Shares of 63,473 Sandisk Corporation $SNDK

Nykredit A S purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 63,473 shares of the data storage provider’s stock, valued at approximately $144,321,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Osaic Holdings Inc. bought a new stake in shares of Sandisk during the second quarter worth approximately $317,000. Merit Financial Group LLC bought a new position in Sandisk in the third quarter valued at approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in Sandisk during the 3rd quarter worth $100,080,000. First Trust Advisors LP acquired a new stake in Sandisk during the 3rd quarter worth $9,788,000. Finally, Blair William & Co. IL acquired a new stake in Sandisk during the 3rd quarter worth $591,000.

Sandisk Stock Up 1.1%

Shares of SNDK stock opened at $1,553.40 on Thursday. Sandisk Corporation has a 12-month low of $50.65 and a 12-month high of $2,354.39. The firm has a fifty day moving average of $1,565.94 and a 200-day moving average of $1,275.38. The firm has a market capitalization of $227.45 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business 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 quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Analysts Set New Price Targets

A number of research firms have recently weighed in on SNDK. Cantor Fitzgerald reissued an “overweight” rating and issued a $2,900.00 price target on shares of Sandisk in a research note on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Weiss Ratings upgraded Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Susquehanna cut their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Finally, Melius Research set a $2,350.00 target price on Sandisk in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Sandisk presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the sale, the insider owned 29,884 shares of the company’s stock, valued at $45,591,030.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,800 shares of company stock worth $2,865,456. 0.21% of the stock is currently owned by corporate insiders.

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.