2,000 Shares in Sandisk Corporation $SNDK Purchased by Camarda Financial Advisors LLC

Key Points

• Camarda Financial Advisors initiated a 2,000-share Sandisk position valued at approximately $4.55 million, while several other institutional investors also established new stakes during the second quarter.
• Sandisk reported quarterly EPS of $39.25, exceeding estimates by $5.97, as revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share buyback, covering up to 6.6% of outstanding shares.
• Analysts remain broadly bullish, with an average “Buy” rating and a $1,998.14 price target, but risks include possible memory-chip export restrictions, rising NAND competition from China’s YMTC and the stock’s elevated valuation.

Camarda Financial Advisors LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,000 shares of the data storage provider's stock, valued at approximately $4,547,000. Sandisk makes up approximately 1.4% of Camarda Financial Advisors LLC's holdings, making the stock its 17th largest holding.

Several other institutional investors have also modified their holdings of SNDK. Equitable Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth approximately $1,223,000. Centaurus Financial Inc. acquired a new position in Sandisk during the second quarter worth $2,046,000. N10 Assets LLC purchased a new stake in Sandisk during the second quarter worth $11,821,000. Formula Growth Ltd. purchased a new stake in Sandisk during the second quarter worth $1,091,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Sandisk in the second quarter valued at $127,613,000.

Insider Activity

In other Sandisk news, 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 completion of the sale, the executive vice president owned 52,677 shares of the company's stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the business's stock in a transaction 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 transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,800 shares of company stock valued at $6,504,856 in the last ninety days. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

SNDK has been the subject of several research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Sandisk in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a "buy" rating and issued a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Citigroup dropped their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a report on Thursday, August 6th. UBS Group restated an "overweight" rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Finally, Morgan Stanley increased their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Sandisk currently has an average rating of "Buy" and an average target price of $1,998.14.

Sandisk Stock Down 1.0%

NASDAQ:SNDK opened at $1,484.95 on Friday. The firm's 50 day moving average is $1,609.87 and its two-hundred day moving average is $1,248.71. Sandisk Corporation has a fifty-two week low of $48.56 and a fifty-two week high of $2,354.39. The company has a market cap of $217.43 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced 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. The firm had revenue of $8.96 billion for 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 period last year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

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

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
• Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
• Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
• Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
• Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
• Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report

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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