Apella Capital LLC Buys New Shares in Sandisk Corporation $SNDK

Key Points

• Apella Capital purchased 1,154 Sandisk shares in the third quarter, valued at approximately $1.95 million. Several other institutional investors also opened new positions.
• Sandisk reported exceptionally strong results, with quarterly revenue up 371.6% year over year to about $8.96 billion and earnings exceeding estimates. AI data-center demand is supporting the growth outlook, while the company authorized a $14 billion share repurchase program.
• Despite bullish analyst ratings and price targets, Sandisk shares faced near-term pressure from broader memory-sector concerns and profit-taking after a sharp rally. Insiders have sold 77,899 shares worth roughly $121.2 million over the past 90 days.

Apella Capital LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 1,154 shares of the data storage provider's stock, valued at approximately $1,953,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in Sandisk in the first quarter valued at $25,000. Atomic Invest LLC purchased a new position in shares of Sandisk in the 2nd quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Sandisk in the 1st quarter worth about $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at about $32,000.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the sale, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their position. The sale was disclosed in a legal 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 the company's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.21% of the stock is owned by corporate insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand supports the growth outlook. Analysts argue that expanding artificial-intelligence data centers could drive sustained demand for Sandisk’s flash storage, potentially extending the current growth cycle beyond a typical memory upturn. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Recent operating results remain exceptionally strong. Fiscal fourth-quarter revenue rose 372% year over year to approximately $8.97 billion, while gross margin reached 84.6%. The company also exceeded the earnings consensus and issued strong first-quarter fiscal 2027 guidance, reinforcing the bullish fundamental case. Sandisk Posted an 84.6% Margin Quarter
• Positive Sentiment: Mizuho raised its price target, citing demand from “agentic AI,” providing additional support for Sandisk and other memory stocks after the recent decline. Mizuho Raises SanDisk Price Target
• Neutral Sentiment: Short-interest data show no reported short position as of October 9, implying no measurable short-selling pressure in the cited figures. However, the report’s statement that short interest “increased” while totaling zero shares appears internally inconsistent. Short Interest Report
• Negative Sentiment: Memory-sector weakness is weighing on near-term trading. Samsung’s preliminary revenue miss raised concerns about memory demand and pricing, sending Micron, SK Hynix and Sandisk lower together. Investors are also watching higher Treasury yields, oil prices and profit-taking after Sandisk’s extraordinary one-year rally. The Memory Trade Cools After Samsung Results

Sandisk Trading Down 1.7%

Shares of NASDAQ:SNDK opened at $1,581.82 on Friday. Sandisk Corporation has a 12-month low of $116.17 and a 12-month high of $2,354.39. The firm has a market cap of $228.62 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.16 and a beta of 5.23. The company has a fifty day simple moving average of $1,593.00 and a 200 day simple moving average of $1,470.61.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. The company 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%. Sandisk's revenue was up 371.6% on a year-over-year basis. 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 208.94 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,900.00 price target (up from $1,800.00) on shares of Sandisk in a report on Monday, August 10th. Sanford C. Bernstein reissued an "outperform" rating and issued a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. New Street Research set a $3,000.00 target price on Sandisk in a research note on Thursday, August 6th. Finally, Citigroup reiterated a "buy" rating on shares of Sandisk in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $2,120.65.

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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