Farther Finance Advisors LLC Purchases 1,423 Shares of Sandisk Corporation $SNDK

Key Points

• Farther Finance Advisors increased its Sandisk position by 18.1% in the third quarter, purchasing 1,423 shares to own 9,292 shares valued at approximately $16.2 million.
• Sandisk reported strong quarterly results, with $39.25 in EPS versus $33.28 expected and revenue of $8.96 billion, up 371.6% year over year. The company also authorized a $14 billion share-repurchase program.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $2,120.65, though insider selling and concerns about memory pricing, valuation and cyclical peak earnings pose risks.

Farther Finance Advisors LLC raised its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,292 shares of the data storage provider's stock after acquiring an additional 1,423 shares during the quarter. Farther Finance Advisors LLC's holdings in Sandisk were worth $16,167,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings 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 valued at $109,000 after purchasing an additional 6 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock worth $514,000 after purchasing an additional 7 shares in the last quarter. Insight Wealth Partners LLC increased its holdings in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider's stock valued at $3,654,000 after buying an additional 7 shares during the last quarter. Cornerstone Financial Management LLC increased its holdings in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock valued at $55,000 after buying an additional 9 shares during the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider's stock valued at $969,000 after buying an additional 10 shares in the last quarter.

Key Stories Impacting Sandisk

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

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the sale, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their position. The transaction 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 4,712 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president 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. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. 0.21% of the stock is owned by insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,609.46 on Friday. The company has a market capitalization of $232.62 billion, a P/E ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. Sandisk Corporation has a fifty-two week low of $116.17 and a fifty-two week high of $2,354.39. The stock has a 50-day simple moving average of $1,585.66 and a 200-day simple moving average of $1,469.83.

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 (EPS) for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. The firm 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%.The company's quarterly revenue was up 371.6% compared to the same quarter last year. 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, analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its board has approved a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. UBS Group reissued an "overweight" rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. BNP Paribas Exane decreased their target price on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Zacks Research downgraded Sandisk from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Finally, Weiss Ratings upgraded shares of Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,120.65.

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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