Alamar Capital Management LLC Sells 3,915 Shares of Sandisk Corporation $SNDK

Alamar Capital Management LLC trimmed its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,768 shares of the data storage provider's stock after selling 3,915 shares during the quarter. Sandisk accounts for 14.7% of Alamar Capital Management LLC's portfolio, making the stock its largest holding. Alamar Capital Management LLC's holdings in Sandisk were worth $29,031,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter valued at $317,000. Merit Financial Group LLC bought a new stake in shares of Sandisk in the 3rd quarter worth about $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk during the 3rd quarter worth about $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk during the 3rd quarter worth about $9,788,000. Finally, Blair William & Co. IL bought a new position in Sandisk during the 3rd quarter valued at about $591,000.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of Sandisk 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 transaction of $915,360.00. Following the completion of the sale, the insider owned 29,884 shares in the company, valued at $45,591,030.40. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Sandisk Stock Up 1.1%

SNDK stock opened at $1,553.40 on Thursday. Sandisk Corporation has a twelve month low of $50.65 and a twelve month high of $2,354.39. The company has a market cap of $227.45 billion, a P/E ratio of 21.31, a PEG ratio of 0.15 and a beta of 5.17. The business has a fifty day moving average of $1,565.94 and a 200-day moving average of $1,275.38.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 87.84% and a net margin of 56.47%.Sandisk's revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its board has approved a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SNDK shares. Wedbush restated an "outperform" rating and issued a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Mizuho dropped their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a report on Tuesday, August 25th. Barclays upgraded shares of Sandisk from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, Evercore reiterated an "outperform" rating on shares of Sandisk in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $1,998.14.

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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