180 GPS Investments IC Ltd Makes New Investment in Sandisk Corporation $SNDK

Key Points

• 180 GPS Investments IC Ltd purchased 2,477 Sandisk shares worth approximately $5.63 million, making SNDK its 10th-largest portfolio holding and accounting for 4.2% of its portfolio.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $1,999.27; JPMorgan also initiated coverage with an “Overweight” rating and a $2,250 target.
• Sandisk reported quarterly EPS of $39.25 versus the $33.28 consensus and revenue growth of 371.6% year over year. Its board also approved a $14 billion share-repurchase program, covering up to 6.6% of outstanding shares.

180 GPS Investments IC Ltd purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,477 shares of the data storage provider's stock, valued at approximately $5,632,000. Sandisk accounts for approximately 4.2% of 180 GPS Investments IC Ltd's portfolio, making the stock its 10th biggest position.

Other large investors have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in Sandisk during the 2nd quarter worth $34,000. Ramsey Quantitative Systems bought a new stake in shares of Sandisk in the 2nd quarter valued at about $50,000. Elevation Wealth Partners LLC increased its stake in shares of Sandisk by 114.3% in the second quarter. Elevation Wealth Partners LLC now owns 30 shares of the data storage provider's stock valued at $68,000 after buying an additional 16 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Sandisk during the first quarter worth about $25,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Sandisk during the first quarter worth about $29,000.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $2,200.00 target price on shares of Sandisk in a research report on Thursday. Wedbush reiterated an "outperform" rating and set a $2,000.00 price objective on shares of Sandisk in a research report on Friday. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a report on Friday. They issued an "overweight" rating and a $2,250.00 target price on the stock. Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Finally, Morgan Stanley raised their price objective on shares of 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 research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $1,999.27.

Insider Activity at Sandisk

In other 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 value of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares of the company's stock, valued at $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares of the company's stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

NASDAQ SNDK opened at $1,641.11 on Monday. The company has a fifty day moving average price of $1,667.87 and a 200-day moving average price of $1,186.09. The firm has a market cap of $243.03 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.16 and a beta of 5.21. Sandisk Corporation has a 1 year low of $42.82 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the business earned $0.29 earnings per share. The firm'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, research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its board has approved a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

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.

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