5,897 Shares of Sandisk Corporation $SNDK Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC initiated a Sandisk position by purchasing 5,897 shares valued at approximately $10.26 million, making it the fund’s 16th-largest holding.
• Sandisk reported strong quarterly results, with EPS of $39.25 beating estimates and revenue rising 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-buyback program covering up to 6.6% of outstanding shares.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $2,120.65, although the stock faces volatility from memory-chip oversupply concerns, Chinese competition, higher Treasury yields and insider share sales.

Counterpoint Mutual Funds LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,897 shares of the data storage provider's stock, valued at approximately $10,260,000. Sandisk accounts for approximately 0.9% of Counterpoint Mutual Funds LLC's holdings, making the stock its 16th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its holdings in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider's stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Nilsine Partners LLC grew its position in Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock worth $514,000 after acquiring an additional 7 shares during the period. Insight Wealth Partners LLC grew its position in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider's stock worth $3,654,000 after acquiring an additional 7 shares during the period. Cornerstone Financial Management LLC grew its position in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock worth $55,000 after acquiring an additional 9 shares during the period. Finally, LifeGoal Investments LLC increased its stake 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 acquiring an additional 9 shares during the last quarter.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,299.30 on Friday. The stock has a market capitalization of $187.79 billion, a P/E ratio of 17.82, a PEG ratio of 0.13 and a beta of 5.23. The company has a 50 day moving average price of $1,603.61 and a 200 day moving average price of $1,496.95. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm earned $0.29 EPS. The firm's revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

SNDK has been the topic of a number of research analyst reports. UBS Group restated an "overweight" rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on Sandisk in a report on Tuesday, September 22nd. They set a "buy" rating and a $2,400.00 price target for the company. Sanford C. Bernstein reiterated an "outperform" rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Finally, Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,120.65.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Insider Transactions at Sandisk

In other news, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company's stock, valued at $602,709,911.65. The trade was a 8.12% 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. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company's stock.

Sandisk Company 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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