Activest Wealth Management Buys 1,857 Shares of Sandisk Corporation $SNDK

Key Points

• Activest Wealth Management increased its Sandisk stake by 1,417.6% in the third quarter, buying 1,857 shares to own 1,988 shares valued at approximately $3.46 million.
• Sandisk reported quarterly EPS of $39.25, beating estimates, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share buyback.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $2,120.65, though risks include memory-market cyclicality, potential Chinese competition, and a broader technology selloff.

Activest Wealth Management lifted its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 1,417.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the data storage provider's stock after purchasing an additional 1,857 shares during the period. Sandisk accounts for about 0.8% of Activest Wealth Management's investment portfolio, making the stock its 22nd biggest holding. Activest Wealth Management's holdings in Sandisk were worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Atomic Invest LLC purchased a new stake in Sandisk in the second quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Sandisk during the 2nd quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $32,000. Kilter Group LLC purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $34,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SNDK shares. Argus raised Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 target price for the company in a research report on Monday, August 10th. BNP Paribas Exane dropped their price target on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Citigroup restated a "buy" rating on shares of Sandisk in a research report on Thursday, October 1st. Royal Bank Of Canada upped their price target on Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. Finally, Arete Research increased their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sandisk presently has an average rating of "Moderate Buy" and a consensus price target of $2,120.65.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk has reportedly secured at least $93.9 billion in expected revenue through multiyear contracts, with financial guarantees that could protect the company if customers fail to meet their commitments. This provides meaningful revenue visibility and supports the long-term investment case. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Zacks Research upgraded Sandisk to “strong buy” from “hold,” citing the company’s growth prospects. Analysts have also identified Sandisk as a buy-the-dip opportunity because of strong AI-related storage demand and favorable longer-term industry growth. AI Memory Chip Selloff Looks Overblown
• Positive Sentiment: A partnership with Meta Platforms to provide data-storage options for Meta VR Glasses adds a potential avenue for future demand, although it has not prevented the broader sector selloff. SanDisk Stock Drops Despite Meta Partnership
• Neutral Sentiment: Investor Cathie Wood remains cautious on memory-chip companies, arguing that industry cycles are “vicious” and that Chinese rivals could eventually pressure margins. Her view highlights the risk that Sandisk’s recent margin expansion may prove temporary. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Chinese semiconductor maker CXMT’s reported plans to expand into server memory have intensified fears of future oversupply, lower pricing, and weaker margins for Sandisk and its peers. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: A broad technology and AI-stock selloff has pulled memory makers lower, with roughly $1 trillion in market value reportedly erased from major companies since October 2. Hotter-than-expected U.S. inflation has added pressure by increasing interest-rate concerns. Chip Meltdown Hits Memory Makers

Insider Buying and Selling

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer owned 130,976 shares of the company's stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock worth $121,159,122 in the last 90 days. Corporate insiders own 0.29% of the company's stock.

Sandisk Stock Performance

Shares of SNDK opened at $1,394.83 on Friday. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39. The firm's 50-day simple moving average is $1,601.86 and its two-hundred day simple moving average is $1,498.34. The stock has a market cap of $201.59 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results 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 during the quarter. During the same quarter in the previous year, the business posted $0.29 earnings per share. Sandisk's revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.

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

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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