Amundi Trims Stake in Sandisk Corporation $SNDK

Key Points

• Amundi reduced its Sandisk stake by 14.6% in the second quarter, selling 127,491 shares and retaining 745,141 shares, or 0.51% of the company.
• Sandisk reported strong operating momentum, with quarterly revenue up 371.6% year over year and EPS of $39.25 beating estimates. The company also authorized a $14 billion share-buyback program.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $1,998.14 target price, though investors face risks from the memory industry’s cyclicality, high valuation and growing Chinese competition.

Amundi lowered its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 745,141 shares of the data storage provider's stock after selling 127,491 shares during the period. Amundi owned 0.51% of Sandisk worth $1,694,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its position in Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock valued at $130,885,000 after buying an additional 14,964 shares in the last quarter. Allworth Financial LP boosted its holdings in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock worth $1,073,000 after acquiring an additional 2,067 shares in the last quarter. Tredje AP fonden purchased a new stake in shares of Sandisk in the fourth quarter worth $7,821,000. ProShare Advisors LLC grew its stake in shares of Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock worth $7,985,000 after acquiring an additional 31,237 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of Sandisk during the fourth quarter valued at $422,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group reaffirmed an "overweight" rating and issued a $1,750.00 price target on shares of Sandisk in a research report on Friday, August 14th. Susquehanna cut their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating on the stock in a research report on Thursday, July 23rd. Argus upgraded shares of Sandisk from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Sandisk in a report on Thursday, August 6th. Finally, Citigroup dropped their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $1,998.14.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,740.00 on Monday. The firm's 50 day moving average price is $1,543.33 and its 200-day moving average price is $1,289.76. Sandisk Corporation has a twelve month low of $63.74 and a twelve month high of $2,354.39. The stock has a market capitalization of $254.77 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced 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 company had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm posted $0.29 earnings per share. The business's quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Bernard Shek sold 600 shares of Sandisk 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is currently owned by company insiders.

Sandisk Company 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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