590 Shares in Sandisk Corporation $SNDK Acquired by MW Advisory LLC

Key Points

• MW Advisory LLC acquired 590 Sandisk shares worth approximately $1.34 million in the second quarter, joining several other institutional investors that recently initiated positions.
• Sandisk reported adjusted EPS of $39.25, beating estimates by $5.97, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $1,998.14, though investors face risks from the stock’s elevated valuation, memory-market cyclicality and increasing Chinese competition.

MW Advisory LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 590 shares of the data storage provider's stock, valued at approximately $1,342,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the first quarter worth $25,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk in the fourth quarter worth about $26,000. IMG Wealth Management Inc. acquired a new position in Sandisk during the first quarter worth about $29,000. Dunhill Financial LLC purchased a new stake in Sandisk during the 2nd quarter valued at about $30,000. Finally, Parallel Advisors LLC purchased a new stake in Sandisk during the 3rd quarter valued at about $30,000.

Sandisk Trading Up 11.9%

NASDAQ SNDK opened at $1,740.00 on Friday. The stock has a market cap of $254.77 billion, a PE ratio of 23.87, a P/E/G ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a twelve month low of $63.74 and a twelve month high of $2,354.39. The stock has a fifty day simple moving average of $1,543.33 and a 200-day simple moving average of $1,285.12.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same quarter last year, the firm posted $0.29 earnings per share. The firm's quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts predict that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total value of $915,360.00. Following the sale, the insider directly owned 29,884 shares of the company's stock, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,800 shares of company stock worth $2,865,456 in the last ninety days. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNDK shares. Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. UBS Group reiterated an "overweight" rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Morgan Stanley boosted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. Wells Fargo & Company upped their target price on Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Finally, Argus raised Sandisk from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of "Buy" and a consensus price target of $1,998.14.

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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