Citizens Financial Group Inc. RI Purchases Shares of 2,010 Sandisk Corporation $SNDK

Citizens Financial Group Inc. RI purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, HoldingsChannel reports. The fund purchased 2,010 shares of the data storage provider’s stock, valued at approximately $4,569,000.

Several other institutional investors have also recently made changes to their positions in SNDK. Valley Wealth Managers Inc. bought a new stake in Sandisk during the first quarter valued at $25,000. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter worth about $26,000. Greenline Wealth Management LLC bought a new position in Sandisk in the 4th quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk in the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Sandisk in the 1st quarter valued at about $29,000.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank Of Canada raised 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 note on Friday. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Susquehanna cut their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Sandisk has an average rating of “Buy” and an average target price of $1,999.27.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Investor Day highlighted substantial future demand. SanDisk reported a $93.9 billion customer backlog and outlined projections for strong revenue growth through 2030. Management also indicated that long-term contracts provide multiyear volume and pricing visibility, helping support the view that AI-driven storage demand could be more durable than prior memory cycles. SanDisk’s Analyst Day Just Strengthened Micron’s $1,550 Bull Case
• Positive Sentiment: AI memory demand fueled a sector-wide rally. Comments from Elon Musk about the growing memory and storage requirements of agentic AI, along with reports that Washington is encouraging Apple to move away from Chinese DRAM suppliers, boosted SanDisk and other memory-chip companies. The potential shift toward U.S. suppliers strengthened the near-term industry narrative. Elon Musk Just Uttered 3 Massively Bullish Words for Micron, Sandisk, and SK Hynix
• Positive Sentiment: Analysts continued to endorse the outlook. Bernstein described SanDisk’s high-bandwidth flash as potentially a “game changer” for AI, while Wedbush reiterated its Outperform rating and JPMorgan initiated coverage. Investors were also encouraged by management’s plans to significantly increase capital returns to shareholders. Bernstein Analyst Calls SanDisk’s High Bandwidth Flash a Game Changer for AI
• Neutral Sentiment: Hedge-fund positioning was mixed. Appaloosa Management sold its SanDisk position in the second quarter while reallocating toward larger AI companies. The move may signal profit-taking after the stock’s dramatic year-to-date rally, but it does not necessarily challenge SanDisk’s operating fundamentals. David Tepper Cuts Micron Stake, Exits SanDisk
• Negative Sentiment: Valuation and margin durability remain concerns. Critics argue that the current valuation assumes unusually strong pricing and margins will persist, despite much of recent growth being price-driven rather than volume-driven. A normalization in flash-memory pricing, stronger yen, or weaker AI spending could create significant downside. SanDisk: Every Bounce Looks Like a Trap

Insider Transactions at Sandisk

In other Sandisk news, 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 transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk 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 completion of the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,786.85 on Tuesday. The company’s 50 day moving average price is $1,670.76 and its 200-day moving average price is $1,195.28. Sandisk Corporation has a 52-week low of $43.20 and a 52-week high of $2,354.39. The stock has a market capitalization of $264.61 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same period in the previous year, the company earned $0.29 EPS. The company’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has approved a share 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 buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.