CoreCap Advisors LLC Acquires 694 Shares of Sandisk Corporation $SNDK

Key Points

• CoreCap Advisors increased its Sandisk stake by 29.5%, purchasing 694 additional shares to hold 3,049 shares valued at approximately $5.3 million. Several other smaller hedge funds also initiated positions.
• Sandisk insiders sold 77,899 shares worth about $121.2 million during the latest quarter, including sales by the CFO and an executive vice president under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $2,120.65. The company also reported quarterly earnings above expectations and authorized a $14 billion share repurchase plan.

CoreCap Advisors LLC increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 29.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,049 shares of the data storage provider's stock after purchasing an additional 694 shares during the quarter. CoreCap Advisors LLC's holdings in Sandisk were worth $5,305,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new position in Sandisk during the 1st quarter worth approximately $25,000. Atomic Invest LLC acquired a new stake in Sandisk in the 2nd quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in Sandisk during the 1st quarter worth about $29,000. Dunhill Financial LLC bought a new stake in Sandisk during the 2nd quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Sandisk during the 2nd quarter worth about $32,000.

Insider Buying and Selling

In other news, 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 transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company's stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 77,899 shares of company stock valued at $121,159,122. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective 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. Raymond James Financial raised their target price on shares of Sandisk from $1,470.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Jefferies Financial Group restated a "buy" rating and set a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. Wells Fargo & Company boosted their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Finally, Mizuho upped their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Sandisk has a consensus rating of "Moderate Buy" and an average target price of $2,120.65.

Sandisk Stock Down 4.9%

Shares of NASDAQ:SNDK opened at $1,609.46 on Friday. Sandisk Corporation has a 12-month low of $116.17 and a 12-month high of $2,354.39. The business has a 50 day moving average of $1,585.66 and a 200-day moving average of $1,469.83. The stock has a market cap of $232.62 billion, a PE ratio of 22.08, a P/E/G ratio of 0.17 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings results 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 business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business's revenue for the quarter was up 371.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are usually an indication 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: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand
• Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year
• Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync
• Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
• Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling

Sandisk 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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