2,100 Shares in Sandisk Corporation $SNDK Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions acquired 2,100 Sandisk shares valued at approximately $4.775 million, while several other institutional investors also initiated new positions during the second quarter.
• Sandisk reported quarterly EPS of $39.25, exceeding estimates by $5.97, with revenue up 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 maintain a bullish outlook, with the stock receiving a consensus “Buy” rating and an average price target of $1,999.27, compared with an opening price of $1,641.11.

Focus Partners Advisor Solutions LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,100 shares of the data storage provider's stock, valued at approximately $4,775,000.

Other large investors also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of Sandisk in the second quarter valued at approximately $221,000. ABN AMRO Bank N.V. bought a new position in Sandisk during the second quarter worth $1,330,000. EJMK Ventures LLC bought a new position in Sandisk during the second quarter worth $257,000. Sutton Place Investors LLC bought a new position in Sandisk during the second quarter worth $423,000. Finally, Clearstead Trust LLC acquired a new position in Sandisk during the 2nd quarter valued at $114,000.

Sandisk Price Performance

SNDK opened at $1,641.11 on Friday. The company has a market capitalization of $243.03 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.16 and a beta of 5.20. The firm's fifty day moving average price is $1,667.87 and its two-hundred day moving average price is $1,181.08. Sandisk Corporation has a fifty-two week low of $42.82 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to reacquire 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 shares are undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on SNDK shares. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday. They issued an "overweight" rating and a $2,250.00 price target on the stock. Mizuho set a $1,900.00 price objective on shares of Sandisk in a research report on Friday. Citigroup reduced 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 research note on Thursday, August 6th. Barclays raised Sandisk from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $1,999.27.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider owned 30,915 shares of the company's stock, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company's stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is currently owned by insiders.

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.

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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