512 Sandisk Corporation $SNDK Shares Bought by Sigma Planning Corp

Sigma Planning Corp raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 41.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,756 shares of the data storage provider’s stock after purchasing an additional 512 shares during the quarter. Sigma Planning Corp’s holdings in Sandisk were worth $3,055,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SNDK. BlackRock Inc. acquired a new stake in shares of Sandisk during the 2nd quarter worth $23,408,732,000. Situational Awareness LP boosted its holdings in Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Sandisk in the second quarter valued at $1,621,353,000. Bank of America Corp DE acquired a new position in Sandisk in the second quarter valued at $1,564,901,000. Finally, Assenagon Asset Management S.A. acquired a new position in Sandisk in the second quarter valued at $1,413,917,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

Insider Activity

In related news, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction on 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 sale, the executive vice president owned 44,134 shares of the company’s stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider owned 25,305 shares in the company, valued at $44,722,285.65. This represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of research reports. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Wedbush restated an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. UBS Group reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Finally, Susquehanna reduced their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,093.73.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,255.58 on Tuesday. Sandisk Corporation has a 1-year low of $164.56 and a 1-year high of $2,354.39. The company has a market capitalization of $181.47 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.12 and a beta of 5.23. The business has a 50-day moving average of $1,593.45 and a 200-day moving average of $1,227.63.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 quarter in the previous year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that allows the company to buy back $14 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s board of directors believes its stock is 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.