Kingswood Wealth Advisors LLC Sells 2,507 Shares of Sandisk Corporation $SNDK

Key Points

• Kingswood Wealth Advisors reduced its Sandisk stake by 36.7% in the third quarter, selling 2,507 shares and retaining 4,322 shares valued at approximately $7.5 million.
• Analysts remain broadly bullish, with Sandisk receiving a consensus “Moderate Buy” rating and an average price target of $2,120.65, while individual targets range as high as $3,100.
• Sandisk is scheduled to report earnings on October 29. Expectations are supported by strong NAND pricing, enterprise SSD demand and AI-related storage needs, but concerns over hyperscalers’ AI spending and the stock’s high volatility remain key risks.

Kingswood Wealth Advisors LLC cut its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 36.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,322 shares of the data storage provider's stock after selling 2,507 shares during the period. Kingswood Wealth Advisors LLC's holdings in Sandisk were worth $7,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dogwood Wealth Management LLC grew 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 worth $109,000 after purchasing an additional 6 shares during the last quarter. Nilsine Partners LLC increased its holdings in shares of Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock valued at $514,000 after purchasing an additional 7 shares in the last quarter. Insight Wealth Partners LLC increased its stake in shares of Sandisk by 0.4% in the 2nd 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 period. Cornerstone Financial Management LLC raised its position in shares of Sandisk by 60.0% during the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock worth $55,000 after acquiring an additional 9 shares during the last quarter. Finally, LifeGoal Investments LLC raised its position in shares of Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider's stock worth $421,000 after acquiring an additional 9 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SNDK shares. Rosenblatt Securities initiated coverage on Sandisk in a research note on Tuesday, September 22nd. They set a "buy" rating and a $2,400.00 price target on the stock. Royal Bank Of Canada lifted their price objective 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. The Goldman Sachs Group reiterated a "buy" rating and issued a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. China Renaissance boosted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Finally, Evercore restated an "outperform" rating and set a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,120.65.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It's Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

Sandisk Stock Performance

SNDK opened at $1,238.03 on Monday. The company has a fifty day moving average price of $1,595.43 and a two-hundred day moving average price of $1,525.70. Sandisk Corporation has a 52 week low of $164.56 and a 52 week high of $2,354.39. The firm has a market capitalization of $178.93 billion, a PE ratio of 16.98, a P/E/G ratio of 0.12 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business's revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. The trade was a 8.12% 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 77,899 shares of company stock valued at $121,159,122 in the last three months. 0.29% of the stock is currently owned by company insiders.

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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