B. Metzler seel. Sohn & Co. AG Invests $10.07 Million in Sandisk Corporation $SNDK

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a $10.07 million position in SanDisk during the second quarter by purchasing 4,430 shares, joining several other institutional investors that also added stakes.
• SanDisk reported quarterly EPS of $39.25, beating estimates by $5.97, while revenue surged 371.6% year over year to $8.96 billion. The board also authorized a $14 billion share-repurchase program, covering up to 6.6% of outstanding shares.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and average price target of $1,999.27, though investors remain concerned that pricing accounted for much of the record revenue and that memory-sector volatility could pressure results.

B. Metzler seel. Sohn & Co. AG purchased a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,430 shares of the data storage provider's stock, valued at approximately $10,073,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. NFJ Investment Group LLC bought a new position in Sandisk in the 2nd quarter worth about $20,179,000. Virtus Advisers LLC bought a new stake in shares of Sandisk during the second quarter valued at approximately $164,000. Silvant Capital Management LLC acquired a new position in shares of Sandisk during the second quarter worth approximately $44,465,000. LaSalle St. Investment Advisors LLC acquired a new position in shares of Sandisk during the second quarter worth approximately $302,000. Finally, Oxford Financial Group LTD. LLC bought a new position in Sandisk in the 2nd quarter worth approximately $227,000.

Sandisk Stock Up 2.0%

Shares of Sandisk stock opened at $1,600.62 on Friday. The stock's fifty day moving average is $1,663.24 and its 200-day moving average is $1,217.48. The firm has a market capitalization of $234.36 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a 12-month low of $43.56 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business had revenue of $8.96 billion during the quarter. During the same period in the prior year, the company earned $0.29 earnings per share. The company'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. Analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SNDK shares. Mizuho set a $1,900.00 price target on Sandisk in a research note on Friday, August 14th. Argus upgraded shares of Sandisk from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2,900.00 price objective on shares of Sandisk in a report on Monday, August 10th. Evercore reiterated an "outperform" rating on shares of Sandisk in a research report on Thursday, August 13th. Finally, Susquehanna lowered their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating on the stock in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $1,999.27.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company's stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,800 shares of company stock worth $6,504,856 in the last 90 days. 0.21% of the stock is owned by company insiders.

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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