Centaurus Financial Inc. acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 900 shares of the data storage provider's stock, valued at approximately $2,046,000.
Several other hedge funds also recently added to or reduced their stakes in SNDK. Dogwood Wealth Management LLC increased its position in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider's stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Castle Rock Wealth Management LLC lifted its position in shares of Sandisk by 2.4% during the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider's stock worth $969,000 after purchasing an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Sandisk by 1.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider's stock worth $1,755,000 after purchasing an additional 12 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider's stock worth $77,000 after purchasing an additional 13 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider's stock worth $1,198,000 after purchasing an additional 13 shares in the last quarter.
More Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
- Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
- Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
- Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
- Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
- Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Citigroup cut their price objective on 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. Royal Bank Of Canada lifted their target price on Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a research report on Friday, August 14th. Susquehanna lowered their price target on Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a report on Thursday, July 23rd. Cantor Fitzgerald reissued an "overweight" rating and set a $2,900.00 price target on shares of Sandisk in a research report on Monday, August 10th. Finally, Wedbush reissued an "outperform" rating and set a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,998.14.
Read Our Latest Analysis on Sandisk
Insiders Place Their Bets
In related news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk 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 sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,800 shares of company stock worth $6,504,856 over the last three months. Corporate insiders own 0.21% of the company's stock.
Sandisk Price Performance
SNDK opened at $1,484.95 on Friday. Sandisk Corporation has a 12 month low of $48.56 and a 12 month high of $2,354.39. The stock has a market cap of $217.43 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20. The stock's 50 day moving average price is $1,609.87 and its 200 day moving average price is $1,248.71.
Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm posted $0.29 EPS. The company's 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. Equities analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.
Sandisk announced that its board has approved a share repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.
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.
See Also
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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