654 Sandisk Corporation $SNDK Shares Acquired by Avidian Wealth Enterprises LLC

Key Points

• Avidian Wealth Enterprises more than doubled its Sandisk position in the third quarter, acquiring 654 additional shares for a total of 1,178 shares valued at approximately $2.05 million. Other institutional investors also increased or initiated positions.
• Analysts remain broadly bullish, with Sandisk carrying a consensus “Moderate Buy” rating and an average price target of $2,120.65. Price targets range from $1,400 to $3,000, reflecting optimism tied to AI and data-center storage demand.
• Sandisk reported strong quarterly results, including $39.25 in EPS and $8.96 billion in revenue, while authorizing a $14 billion share buyback. However, insiders sold 77,899 shares worth about $121.2 million over the past 90 days, and the stock remains vulnerable to memory-sector volatility and elevated valuation expectations.

Avidian Wealth Enterprises LLC grew its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 124.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,178 shares of the data storage provider's stock after buying an additional 654 shares during the period. Avidian Wealth Enterprises LLC's holdings in Sandisk were worth $2,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SNDK. Handelsbanken Fonder AB grew its stake in shares of Sandisk by 35.1% during the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock worth $130,885,000 after acquiring an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Sandisk in the 2nd quarter worth approximately $4,775,000. Florida Financial Advisors LLC acquired a new stake in Sandisk in the 1st quarter worth approximately $2,747,000. UNICOM Systems Inc. grew its position in Sandisk by 14.9% during the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider's stock worth $133,013,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC purchased a new stake in Sandisk during the 2nd quarter worth approximately $2,506,000.

Insiders Place Their Bets

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company's stock, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president owned 44,134 shares in the company, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SNDK. Citigroup reiterated a "buy" rating on shares of Sandisk in a research note on Thursday, October 1st. Sanford C. Bernstein restated an "outperform" rating and issued a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Weiss Ratings raised Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, September 24th. BNP Paribas Exane dropped their price target on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,120.65.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand
• Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year
• Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync
• Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
• Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling

Sandisk Stock Down 4.9%

Shares of SNDK stock opened at $1,609.46 on Friday. The stock has a market cap of $232.62 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23. The business has a 50-day simple moving average of $1,585.66 and a 200-day simple moving average of $1,469.83. Sandisk Corporation has a 52-week low of $116.17 and a 52-week high of $2,354.39.

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 (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 return on equity of 87.84% and a net margin of 56.47%.The company's revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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

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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