Sandisk Corporation $SNDK Shares Bought by Wedmont Private Capital

Wedmont Private Capital lifted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,845 shares of the data storage provider’s stock after purchasing an additional 348 shares during the period. Wedmont Private Capital’s holdings in Sandisk were worth $6,469,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Dunhill Financial LLC acquired a new position in shares of Sandisk during the 2nd quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Sandisk during the second quarter worth approximately $32,000. Kilter Group LLC acquired a new position in Sandisk in the second quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in Sandisk in the second quarter valued at approximately $34,000. Finally, Triumph Capital Management raised its holdings in Sandisk by 220.0% during the second quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 11 shares in the last quarter.

Wall Street Analyst Weigh In

SNDK has been the topic of a number of recent analyst reports. Melius Research set a $2,350.00 target price on shares of Sandisk in a research report on Monday, May 18th. Bank of America raised their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. assumed coverage on Sandisk in a research report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price for the company. Wedbush restated an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Finally, Morgan Stanley lifted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Insider Activity at Sandisk

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

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

Sandisk Price Performance

NASDAQ SNDK opened at $1,740.00 on Monday. The firm has a market cap of $254.77 billion, a P/E ratio of 23.87, a P/E/G ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 52-week low of $63.74 and a 52-week high of $2,354.39. The business’s 50-day moving average price is $1,543.33 and its 200 day moving average price is $1,289.76.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion during the quarter. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s 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, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its board has initiated a stock repurchase program on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically 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.