Abacus FCF Advisors LLC Invests $13.94 Million in Sandisk Corporation $SNDK

Key Points

• Abacus FCF Advisors acquired 6,131 Sandisk shares worth approximately $13.94 million, making SNDK its 10th-largest holding and representing 2.6% of the portfolio. Several other major institutions also recently initiated or expanded positions.
• Sandisk reported quarterly EPS of $39.25, exceeding the $33.28 consensus estimate, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program, covering up to 6.6% of outstanding shares.
• The stock opened at $1,568.87 amid significant volatility, with a beta of 5.20; analysts maintain a consensus “Buy” rating and an average price target of $1,999.27. However, insider selling, valuation concerns, and questions about whether pricing—not volume—drove much of the revenue growth remain risks.

Abacus FCF Advisors LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,131 shares of the data storage provider's stock, valued at approximately $13,940,000. Sandisk makes up 2.6% of Abacus FCF Advisors LLC's holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in SNDK. BlackRock Inc. acquired a new stake in shares of Sandisk in the second quarter valued at about $23,408,732,000. State Street Corp acquired a new stake in Sandisk in the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk in the 3rd quarter worth approximately $297,293,000. Norges Bank bought a new position in Sandisk in the 4th quarter worth approximately $518,889,000. Finally, Bank of America Corp DE bought a new position in Sandisk in the 3rd quarter worth approximately $190,425,000.

Sandisk Stock Down 3.5%

NASDAQ:SNDK opened at $1,568.87 on Thursday. Sandisk Corporation has a 12-month low of $43.20 and a 12-month high of $2,354.39. The firm has a market capitalization of $229.71 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. The firm has a 50-day moving average price of $1,668.86 and a 200 day moving average price of $1,210.26.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. The firm 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 for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its board has approved a share buyback 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 purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNDK. Weiss Ratings downgraded shares of Sandisk from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 14th. New Street Research set a $3,000.00 target price on shares of Sandisk in a research note on Thursday, August 6th. Evercore reissued an "outperform" rating on shares of Sandisk in a report on Thursday, August 13th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 price target on the stock. Finally, Zacks Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Sandisk has a consensus rating of "Buy" and an average price target of $1,999.27.

Insider Buying and Selling at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% 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 have sold 3,800 shares of company stock valued at $6,504,856 over the last quarter. Corporate insiders own 0.21% of the company's stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks rebounded in early trading after SK Hynix approved a roughly $29 billion share buyback and treasury-share cancellation. The broader sector strength provided support for Sandisk and reinforced investor confidence in favorable memory-market conditions. SK Hynix Rises 6% on $29B Buyback, SanDisk Gains 5%, Micron Climbs 3% as Memory Names Rebound
• Positive Sentiment: Analysts and investors continue to highlight Sandisk’s AI-driven flash-storage demand and its shift toward contract-based sales. The strategy could make NAND revenue and margins more predictable, with management targeting gross margins near 80% and substantial free-cash-flow generation over the long term. From Commodity to Cash Machine? Sandisk Targets 80% Margins in AI Storage Boom
• Neutral Sentiment: Sandisk’s international revenue performance and strong recent earnings remain important factors in Wall Street forecasts, but the stock’s exceptional one-year gain has created disagreement among hedge funds over whether the long-term growth outlook justifies the valuation. Sandisk Corporation International Revenue Performance Explored
• Neutral Sentiment: Technical analysts see major resistance levels ahead, leaving the shares vulnerable to further consolidation unless they regain key support levels. Sandisk Price Forecast: Can SNDK Defend Its Recovery?
• Negative Sentiment: Investors are questioning earnings quality after reports indicated that approximately two-thirds of Sandisk’s record revenue growth came from pricing rather than volume. That raises concerns about how durable results will be if NAND prices moderate ahead of the company’s technology-day presentations. SanDisk Drops Before OCP Korea Tech Day
• Negative Sentiment: David Tepper’s Appaloosa disclosed that it sold all 281,250 Sandisk shares held at the end of the prior quarter, during the period when the stock reached its record high. The sale adds to profit-taking concerns after the parabolic advance. David Tepper Sold His Entire Sandisk Stake
• Negative Sentiment: Higher Treasury yields and a broader rotation away from crowded AI and semiconductor trades have pressured memory stocks, including Sandisk, Micron and Western Digital. The sector’s high beta makes SNDK particularly sensitive to changes in risk appetite. Higher Rates Test the Memory Boom

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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