Carolina Wealth Advisors LLC boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 6,600.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,340 shares of the data storage provider's stock after purchasing an additional 1,320 shares during the period. Sandisk comprises 1.2% of Carolina Wealth Advisors LLC's holdings, making the stock its 22nd largest position. Carolina Wealth Advisors LLC's holdings in Sandisk were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of SNDK. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the 1st quarter valued at approximately $25,000. Whittier Trust Co. acquired a new stake in shares of Sandisk in the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter valued at $27,000. Finally, IMG Wealth Management Inc. acquired a new stake in Sandisk in the 1st quarter valued at $29,000.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on SNDK shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sandisk in a research report on Thursday. Morgan Stanley increased their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Evercore set a $2,800.00 price objective on shares of Sandisk in a research note on Thursday. Finally, Arete Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sandisk currently has an average rating of "Moderate Buy" and a consensus target price of $1,853.14.
View Our Latest Research Report on SNDK
More Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analyst upgrade supports the stock. Argus upgraded Sandisk from “hold” to “buy,” adding to bullish sentiment following the company’s strong quarterly results. Cantor Fitzgerald also reportedly views the recent semiconductor selloff as overdone and favors Sandisk among memory-chip stocks. Benzinga Cantor semiconductor outlook
- Positive Sentiment: AI infrastructure demand is driving the bullish case. Analysts point to expanding enterprise SSD demand, hyperscaler capital spending and Sandisk’s growing role in AI memory solutions. The company has reportedly secured $93.9 billion in minimum revenue commitments, while datacenter revenue more than doubled and accounted for 38% of bits shipped. Sandisk AI boom analysis Sandisk as an AI winner
- Positive Sentiment: Recent operating performance remains a major catalyst. Sandisk recently exceeded quarterly EPS expectations, with revenue up sharply year over year. Commentators also cite rising NAND prices, market-share gains and long-term contracts as reasons the company could eventually revisit its highs. Sandisk forecast
- Neutral Sentiment: Stock-split speculation is drawing attention. Sandisk’s extraordinary rally has made it a potential stock-split candidate, but the company has not announced any split. A split would improve trading accessibility without changing the company’s underlying value. Sandisk stock split speculation
- Negative Sentiment: Valuation and guidance remain key risks. Sandisk’s sharp appreciation has increased expectations, while mixed guidance and uncertainty over the memory cycle are limiting near-term upside. Investors are debating whether strong results are already reflected in the share price. Sandisk risks
Sandisk Trading Up 2.1%
Shares of Sandisk stock opened at $1,237.92 on Tuesday. The firm's 50 day moving average is $1,689.51 and its 200 day moving average is $1,159.08. The firm has a market capitalization of $183.32 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.13 and a beta of 5.21. Sandisk Corporation has a 1 year low of $42.82 and a 1 year high of $2,354.39.
Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business's quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 187.19 earnings per share for the current year.
Sandisk announced that its board has approved a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.
Insider Transactions at Sandisk
In related news, insider Bernard Shek sold 600 shares of the firm'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 value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,800 shares of company stock valued at $6,504,856. Insiders own 0.21% of the company's stock.
About Sandisk
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK - Free Report).
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