Sandisk Corporation $SNDK Stock Bought by N10 Assets LLC

N10 Assets LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK) by 25.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,514 shares of the data storage provider’s stock after buying an additional 1,315 shares during the period. Sandisk makes up approximately 4.1% of N10 Assets LLC’s holdings, making the stock its 12th largest holding. N10 Assets LLC’s holdings in Sandisk were worth $11,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dogwood Wealth Management LLC boosted its stake in shares of Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after acquiring an additional 6 shares in the last quarter. Nilsine Partners LLC increased its stake in Sandisk by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after purchasing an additional 7 shares in the last quarter. Insight Wealth Partners LLC increased its stake in Sandisk by 0.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock valued at $3,654,000 after purchasing an additional 7 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Sandisk by 60.0% in the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after purchasing an additional 9 shares in the last quarter. Finally, LifeGoal Investments LLC raised its holdings in Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after purchasing an additional 9 shares during the last quarter.

Sandisk Trading Down 4.7%

Shares of SNDK stock traded down $69.85 during trading hours on Wednesday, hitting $1,412.48. The company’s stock had a trading volume of 4,257,130 shares, compared to its average volume of 15,111,926. The business has a fifty day moving average of $1,598.08 and a 200-day moving average of $1,487.22. Sandisk Corporation has a twelve month low of $130.50 and a twelve month high of $2,354.39. The stock has a market cap of $204.15 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 0.15 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BNP Paribas Exane decreased their target price on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and issued a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Raymond James Financial raised their price target on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Finally, Arete Research boosted their price objective on shares of Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a data-storage partnership with Meta Platforms to support storage options for Meta’s VR glasses, providing a potential new customer and demand catalyst. SanDisk Stock Drops Despite a Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli maintains a highly bullish outlook, projecting a potential price of $3,000 over two years on expectations that earnings growth could make the valuation appear inexpensive. SanDisk Has More Upside, Analyst Says
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Several analysts describe SanDisk as a buy-the-dip opportunity, arguing that AI infrastructure growth and constrained memory supply could support long-term demand despite near-term volatility. AI Memory Chip Selloff Looks Overblown
• Negative Sentiment: Memory stocks are under pressure after Chinese chipmaker CXMT outlined advances and plans to compete in high-end server memory, raising fears of future pricing pressure and market-share losses for SanDisk. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has added pressure to semiconductor and AI-related stocks, while concerns about AI funding and stretched valuations have intensified the sector selloff. Five Things to Know Before the Market Opens

Insider Buying and Selling

In related news, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the completion of the transaction, the insider owned 25,588 shares in the company, valued at approximately $44,393,644.72. This trade represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is owned by company insiders.

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.