Beacon Pointe Advisors LLC Buys New Shares in Sandisk Corporation $SNDK

Key Points

• Beacon Pointe Advisors purchased 3,871 Sandisk shares valued at approximately $8.78 million during the second quarter. Several other institutional investors, including Dimensional Fund Advisors and First Trust Advisors, also opened new positions.
• Sandisk insiders sold 3,800 shares worth about $6.5 million over the past 90 days, while insiders collectively own just 0.21% of the company.
• Sandisk exceeded quarterly earnings expectations, reporting $39.25 in EPS and $8.96 billion in revenue, up 371.6% year over year. The company also authorized a $14 billion share buyback, while analysts maintain a consensus “Buy” rating and a $1,998.14 price target.

Beacon Pointe Advisors LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,871 shares of the data storage provider's stock, valued at approximately $8,780,000.

Other hedge funds also recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new position in Sandisk in the second quarter worth approximately $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk in the 3rd quarter valued at approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk in the 3rd quarter valued at $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk in the 3rd quarter valued at $9,788,000. Finally, Blair William & Co. IL purchased a new stake in shares of Sandisk during the 3rd quarter worth $591,000.

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,800 shares of company stock valued at $6,504,856 in the last ninety days. Corporate insiders own 0.21% of the company's stock.

Sandisk Trading Up 0.0%

Shares of Sandisk stock opened at $1,484.98 on Friday. The company has a 50-day moving average of $1,595.87 and a two-hundred day moving average of $1,250.36. Sandisk Corporation has a 12-month low of $50.07 and a 12-month high of $2,354.39. The stock has a market cap of $217.43 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk's revenue was up 371.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock buyback program 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 programs are generally a sign that the company's board of directors believes its stock is undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank Of Canada increased their target price on Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a report on Friday, August 14th. Argus raised Sandisk from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Weiss Ratings cut Sandisk from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 14th. Melius Research set a $2,350.00 target price on Sandisk in a research note on Monday, May 18th. Finally, Citigroup lowered their price target on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $1,998.14.

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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