6,623 Sandisk Corporation $SNDK Shares Acquired by Gunderson Capital Management LLC

Key Points

• Gunderson Capital Management increased its Sandisk position by 170.5%, adding 6,623 shares to hold 10,508 shares worth approximately $18.3 million, representing 4.9% of its portfolio.
• Other institutional investors also expanded their exposure, while analysts maintain a generally positive outlook: Sandisk has a “Moderate Buy” consensus rating and an average price target of $2,120.65.
• Despite strong recent earnings and a $14 billion share-repurchase authorization, Sandisk faces significant volatility and risks from Chinese competition, broader memory-stock selling and interest-rate concerns.

Gunderson Capital Management LLC boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 170.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,508 shares of the data storage provider's stock after purchasing an additional 6,623 shares during the period. Sandisk accounts for approximately 4.9% of Gunderson Capital Management LLC's portfolio, making the stock its 3rd biggest position. Gunderson Capital Management LLC's holdings in Sandisk were worth $18,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNDK. BlackRock Inc. purchased a new stake in shares of Sandisk during the 2nd quarter worth about $23,408,732,000. Situational Awareness LP grew its stake in shares of Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider's stock valued at $5,673,739,000 after buying an additional 743,325 shares in the last quarter. Evergreen Quality Fund GP Ltd. bought a new stake in shares of Sandisk in the 4th quarter valued at approximately $255,848,000. Wellington Management Group LLP increased its holdings in Sandisk by 71.2% in the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider's stock worth $2,425,811,000 after buying an additional 443,714 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Sandisk by 108.4% in the first quarter. SG Americas Securities LLC now owns 944,503 shares of the data storage provider's stock worth $600,081,000 after buying an additional 491,359 shares during the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks Research upgraded Sandisk from “hold” to “strong buy,” adding a favorable analyst signal after the recent pullback.
• Positive Sentiment: Sandisk’s data-storage partnership with Meta Platforms for Meta VR Glasses supports the company’s exposure to growing AI, virtual-reality and high-performance storage demand. SanDisk Stock Drops Despite a Data Storage Partnership with Meta
• Positive Sentiment: Some analysts view the decline as a buying opportunity, citing strong AI infrastructure demand, robust NAND pricing and Sandisk’s long-term contract backlog. One bullish view places a potential target at $3,000, while other commentary argues that fears of a memory-cycle breakdown are premature. AI Memory Chip Selloff Looks Overblown
• Neutral Sentiment: TSMC’s indication that AI-chip demand remains greater than supply supports the long-term outlook for memory suppliers, but it has not offset near-term concerns about valuation, competition and sector-wide risk reduction.
• Negative Sentiment: Reports that CXMT has made progress in designing and developing server memory are raising fears that Chinese competition could eventually pressure Sandisk’s market share, pricing power and profit margins. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: The memory-stock selloff has broadened across Sandisk, Micron, SK hynix and Samsung, with roughly $1 trillion in combined market value reportedly erased since October 2. A broader AI-trade unwind and an expected eighth consecutive decline for the semiconductor ETF SOXX are adding selling pressure. Chip Meltdown Hits Memory Makers
• Negative Sentiment: Hotter-than-expected U.S. inflation data has increased concern about interest rates and reduced appetite for high-beta technology stocks, further weighing on Sandisk despite its strong AI-related growth prospects. Why Memory Stocks Are Falling

Sandisk Stock Performance

Shares of Sandisk stock traded down $65.74 on Thursday, reaching $1,337.60. The stock had a trading volume of 8,914,183 shares, compared to its average volume of 15,096,294. The business's 50-day moving average price is $1,599.14 and its two-hundred day moving average price is $1,492.85. The stock has a market cap of $193.32 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23. 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 released 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 net margin of 56.47% and a return on equity of 87.84%. The firm's revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

SNDK has been the topic of several recent research reports. Zacks Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. UBS Group restated an "overweight" rating and set a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a report on Friday, August 14th. New Street Research set a $3,000.00 price objective on shares of Sandisk in a research note on Thursday, August 6th. Finally, BNP Paribas Exane lowered their target price on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Three investment 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's stock. According to MarketBeat, Sandisk has an average rating of "Moderate Buy" and an average price target of $2,120.65.

Insider Activity at Sandisk

In other Sandisk news, 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 transaction of $53,272,840.61. Following the sale, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock valued at $121,159,122 in the last quarter. Company insiders own 0.29% of the company's stock.

About Sandisk

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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