TB Alternative Assets Ltd. Sells 10,792 Shares of Sandisk Corporation $SNDK

TB Alternative Assets Ltd. cut its position in Sandisk Corporation (NASDAQ:SNDK) by 37.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,692 shares of the data storage provider’s stock after selling 10,792 shares during the quarter. Sandisk accounts for 6.4% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 5th largest holding. TB Alternative Assets Ltd.’s holdings in Sandisk were worth $30,782,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after buying an additional 14,964 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Sandisk during the second quarter worth approximately $4,775,000. Florida Financial Advisors LLC acquired a new position in Sandisk in the first quarter valued at approximately $2,747,000. UNICOM Systems Inc. lifted its holdings in Sandisk by 14.9% in the second quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock valued at $133,013,000 after buying an additional 7,600 shares during the period. Finally, Affinity Capital Advisors LLC acquired a new position in Sandisk in the second quarter valued at approximately $2,506,000.

Insider Activity

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction 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 transaction, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This represents a 8.12% 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. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is currently owned by company insiders.

Key Stories Impacting Sandisk

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

SNDK has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Royal Bank Of Canada upped their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Susquehanna cut their price target on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating on the stock in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Finally, Wells Fargo & Company raised their price target on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,394.83 on Friday. The company has a market capitalization of $201.59 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.14 and a beta of 5.23. The firm’s 50 day simple moving average is $1,601.86 and its 200 day simple moving average is $1,498.34. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share 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 net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Stock repurchase programs are usually a sign that the company’s management 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.