Greenland Capital Management LP Sells 2,916 Shares of Sandisk Corporation $SNDK

Key Points

• Greenland Capital Management cut its Sandisk stake by 94.3% in the second quarter, selling 2,916 shares and retaining 177 shares valued at approximately $402,000.
• Sandisk reported strong quarterly results, with EPS of $39.25 beating estimates and revenue rising 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and a $1,998.14 price target, though the stock’s sharp rally and high volatility leave it exposed to profit-taking and NAND-market cyclicality.

Greenland Capital Management LP lessened its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 94.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177 shares of the data storage provider's stock after selling 2,916 shares during the quarter. Greenland Capital Management LP's holdings in Sandisk were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new stake in Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC purchased a new position in Sandisk in the third quarter worth about $408,000. Dimensional Fund Advisors LP purchased a new position in Sandisk in the third quarter worth about $100,080,000. First Trust Advisors LP bought a new position in shares of Sandisk in the third quarter worth approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in shares of Sandisk in the third quarter worth approximately $591,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion supports demand: SanDisk’s addition to the S&P 100 helped propel a recent 11.9% gain. The inclusion could increase visibility and generate buying from index-tracking funds, while reported hedge-fund ownership has also risen. SanDisk Stock Rallies on S&P 100 Inclusion
• Positive Sentiment: AI and data-center demand are key catalysts: Investors continue to favor SanDisk as AI infrastructure expands demand for high-capacity storage. Analysts and market commentators see potential for further earnings growth if NAND pricing and demand remain favorable. Micron and SanDisk Stocks Rebound
• Positive Sentiment: More predictable revenue may reduce cyclicality: SanDisk is pursuing longer-term supply agreements intended to lessen its exposure to the traditionally volatile NAND memory cycle. Reports cite approximately $93.9 billion in supply contracts, strengthening the company’s demand visibility if those agreements are executed. Why Investors See More Upside for SanDisk’s Rally
• Positive Sentiment: Analysts see additional upside: Bernstein and other research firms have issued bullish views, including a reported $3,000 price target. SanDisk is also being highlighted among highly ranked growth stocks, reflecting expectations for strong earnings and revenue momentum. MU vs. SNDK: Which Memory Stock Has More Upside?
• Neutral Sentiment: Technical and valuation risks remain: SNDK has risen more than 500% this year, leaving the stock highly sensitive to profit-taking and changes in NAND pricing. Although analysts remain optimistic, the memory market’s historical cyclicality and the stock’s elevated volatility could limit near-term gains. SanDisk Stock Price Forecast

Analyst Ratings Changes

A number of equities research analysts have recently commented on SNDK shares. Evercore reiterated an "outperform" rating on shares of Sandisk in a report on Thursday, August 13th. Susquehanna lowered their price objective on Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating on the stock in a research report on Thursday, July 23rd. New Street Research set a $3,000.00 target price on Sandisk in a research note on Thursday, August 6th. Sanford C. Bernstein reissued an "outperform" rating on shares of Sandisk in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $2,900.00 target price on shares of Sandisk in a report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $1,998.14.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the transaction, the insider directly owned 29,884 shares in the company, valued at $45,591,030.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,800 shares of company stock worth $2,865,456. 0.21% of the stock is owned by corporate insiders.

Sandisk Price Performance

SNDK opened at $1,740.00 on Tuesday. The stock has a market capitalization of $254.77 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.17 and a beta of 5.17. The firm has a 50 day moving average price of $1,537.12 and a 200-day moving average price of $1,297.85. Sandisk Corporation has a twelve month low of $63.74 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the business posted $0.29 EPS. The company's revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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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