1,105 Shares in Sandisk Corporation $SNDK Purchased by Eschler Asset Management LLP

Key Points

• Eschler Asset Management initiated a Sandisk position by purchasing 1,105 shares valued at approximately $2.5 million, making SNDK about 4.5% of its portfolio.
• Sandisk reported strong quarterly results, including $39.25 in EPS, $8.96 billion in revenue and 371.6% year-over-year revenue growth. AI-related data-center demand and rising NAND prices remain key growth catalysts.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and an average price target of $1,999.27; Sandisk also authorized a $14 billion share-repurchase program, although insiders sold shares recently.

Eschler Asset Management LLP bought a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,105 shares of the data storage provider's stock, valued at approximately $2,512,000. Sandisk makes up about 4.5% of Eschler Asset Management LLP's holdings, making the stock its 9th largest holding.

Several other large investors have also recently bought and sold shares of SNDK. BlackRock Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth approximately $23,408,732,000. State Street Corp increased its stake in shares of Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock valued at $1,253,728,000 after acquiring an additional 904,933 shares during the period. Geode Capital Management LLC increased its stake in shares of Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock valued at $866,310,000 after acquiring an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock worth $825,608,000 after purchasing an additional 828,332 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock worth $705,105,000 after purchasing an additional 199,545 shares in the last quarter.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand remains a major growth catalyst. Surging data-center revenue, multi-year contracts and improving revenue visibility have helped support Sandisk’s recent rally and could sustain demand for its storage products. SNDK Jumps 25% in a Month: Is there More Room for the Stock to Rise?
• Positive Sentiment: NAND pricing continues to benefit Sandisk. TrendForce expects prices to rise another 10% to 15% this quarter after an estimated 70% to 75% increase in the prior period; Sandisk indicated that higher pricing drove approximately two-thirds of its latest sequential revenue growth. Sandisk Rode an Estimated 70% Jump in NAND Prices
• Positive Sentiment: Sandisk was highlighted as a profitable company with strong net income and earnings growth. Its planned $14 billion share-repurchase authorization could provide additional support after the stock’s substantial 2026 advance. $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNDK shares. Raymond James Financial restated an "outperform" rating and issued a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Sanford C. Bernstein reiterated an "outperform" rating on shares of Sandisk in a research report on Thursday, August 6th. UBS Group reissued an "overweight" rating and issued a $1,750.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Argus upgraded Sandisk from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Finally, Wedbush reaffirmed an "outperform" rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,999.27.

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction 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 transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. 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 3,800 shares of company stock valued at $6,504,856 in the last quarter. Insiders own 0.21% of the company's stock.

Sandisk Price Performance

NASDAQ SNDK opened at $1,493.12 on Tuesday. Sandisk Corporation has a 12 month low of $46.01 and a 12 month high of $2,354.39. The company has a market capitalization of $218.62 billion, a P/E ratio of 20.48, a PEG ratio of 0.16 and a beta of 5.21. The company's 50 day simple moving average is $1,643.27 and its 200 day simple moving average is $1,229.65.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company's quarterly revenue was up 371.6% on a year-over-year basis. 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. On average, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Sandisk 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.

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