Sandisk Corporation $SNDK Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,047 shares of the data storage provider’s stock after selling 572 shares during the quarter. Yousif Capital Management LLC’s holdings in Sandisk were worth $22,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BIP Wealth LLC grew its holdings in shares of Sandisk by 17.0% during the third quarter. BIP Wealth LLC now owns 124 shares of the data storage provider’s stock worth $216,000 after purchasing an additional 18 shares in the last quarter. MBL Wealth LLC raised its stake in Sandisk by 125.8% in the third quarter. MBL Wealth LLC now owns 804 shares of the data storage provider’s stock valued at $1,399,000 after purchasing an additional 448 shares in the last quarter. Indiana Trust & Investment Management Co raised its stake in Sandisk by 362.5% in the third quarter. Indiana Trust & Investment Management Co now owns 1,272 shares of the data storage provider’s stock valued at $2,213,000 after purchasing an additional 997 shares in the last quarter. Root Financial Partners LLC raised its stake in Sandisk by 4.0% in the third quarter. Root Financial Partners LLC now owns 289 shares of the data storage provider’s stock valued at $503,000 after purchasing an additional 11 shares in the last quarter. Finally, Carter Financial Group INC. raised its stake in Sandisk by 8.9% in the third quarter. Carter Financial Group INC. now owns 135 shares of the data storage provider’s stock valued at $235,000 after purchasing an additional 11 shares in the last quarter.

Sandisk Stock Performance

NASDAQ:SNDK traded down $22.90 during mid-day trading on Friday, reaching $1,238.03. The stock had a trading volume of 7,871,991 shares, compared to its average volume of 7,999,073. The stock has a market capitalization of $178.93 billion, a P/E ratio of 16.98, a P/E/G ratio of 0.13 and a beta of 5.23. The firm has a 50 day moving average price of $1,595.43 and a two-hundred day moving average price of $1,520.09. Sandisk Corporation has a one year low of $164.56 and a one year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results 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 firm 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 company’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.

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

Insider Buying and Selling at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares in the company, valued at $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several research analyst reports. Raymond James Financial lifted their target price on shares of Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a research report on Thursday, August 6th. Mizuho lifted their price objective on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It’s Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

About Sandisk

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.