Ameritas Advisory Services LLC Has $7.55 Million Stake in Sandisk Corporation $SNDK

Key Points

• Ameritas Advisory Services increased its Sandisk stake by 572.5% in the second quarter, purchasing 2,828 additional shares and bringing its holdings to 3,322 shares valued at approximately $7.55 million.
• Analysts remain broadly bullish, with Sandisk receiving a consensus “Buy” rating and an average price target of $1,998.14. The company recently exceeded quarterly EPS expectations and reported 371.6% year-over-year revenue growth.
• Sandisk’s outlook is supported by AI and data-center storage demand and a newly approved $14 billion share-repurchase program, though the stock’s sharp gains, high volatility and exposure to cyclical NAND pricing remain key risks.

Ameritas Advisory Services LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 572.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,322 shares of the data storage provider's stock after purchasing an additional 2,828 shares during the quarter. Ameritas Advisory Services LLC's holdings in Sandisk were worth $7,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new stake in Sandisk in the 1st quarter worth about $25,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new position in shares of Sandisk during the 1st quarter worth approximately $29,000. Dunhill Financial LLC purchased a new position in shares of Sandisk in the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $30,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion supports demand: SanDisk’s addition to the S&P 100 helped propel a recent 11.9% gain. The inclusion could increase visibility and generate buying from index-tracking funds, while reported hedge-fund ownership has also risen. SanDisk Stock Rallies on S&P 100 Inclusion
• Positive Sentiment: AI and data-center demand are key catalysts: Investors continue to favor SanDisk as AI infrastructure expands demand for high-capacity storage. Analysts and market commentators see potential for further earnings growth if NAND pricing and demand remain favorable. Micron and SanDisk Stocks Rebound
• Positive Sentiment: More predictable revenue may reduce cyclicality: SanDisk is pursuing longer-term supply agreements intended to lessen its exposure to the traditionally volatile NAND memory cycle. Reports cite approximately $93.9 billion in supply contracts, strengthening the company’s demand visibility if those agreements are executed. Why Investors See More Upside for SanDisk’s Rally
• Positive Sentiment: Analysts see additional upside: Bernstein and other research firms have issued bullish views, including a reported $3,000 price target. SanDisk is also being highlighted among highly ranked growth stocks, reflecting expectations for strong earnings and revenue momentum. MU vs. SNDK: Which Memory Stock Has More Upside?
• Neutral Sentiment: Technical and valuation risks remain: SNDK has risen more than 500% this year, leaving the stock highly sensitive to profit-taking and changes in NAND pricing. Although analysts remain optimistic, the memory market’s historical cyclicality and the stock’s elevated volatility could limit near-term gains. SanDisk Stock Price Forecast

Analysts Set New Price Targets

Several research firms have recently issued reports on SNDK. Weiss Ratings raised Sandisk from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, August 27th. Morgan Stanley lifted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Mizuho cut their price objective on Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 25th. The Goldman Sachs Group restated a "buy" rating and issued a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Sandisk in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,998.14.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the sale, the insider directly owned 29,884 shares in the company, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is currently owned by insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,740.00 on Tuesday. Sandisk Corporation has a 12 month low of $63.74 and a 12 month high of $2,354.39. The business's 50 day simple moving average is $1,537.12 and its 200 day simple moving average is $1,297.85. The company has a market cap of $254.77 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.17 and a beta of 5.17.

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, topping analysts' consensus estimates of $33.28 by $5.97. The business 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 business's quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the prior 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 forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in 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 a sign that the company's management believes its shares are undervalued.

Sandisk 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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