M.D. Sass LLC Acquires Shares of 21,968 Sandisk Corporation $SNDK

M.D. Sass LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,968 shares of the data storage provider's stock, valued at approximately $49,949,000. Sandisk accounts for approximately 3.3% of M.D. Sass LLC's portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Valley Wealth Managers Inc. bought a new position in Sandisk in the first quarter worth approximately $25,000. Whittier Trust Co. purchased a new stake in shares of Sandisk in the 4th quarter worth $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the 4th quarter worth $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the fourth quarter valued at $27,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Sandisk in the first quarter valued at about $29,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s recent Investor Day highlighted significant long-term growth opportunities in AI storage, including high-bandwidth flash memory, a reported $93.9 billion customer backlog and ambitious profitability targets through fiscal 2028–2030. Management also emphasized returning excess cash to shareholders. Sandisk: Too Cheap To Ignore, Too Cyclical To Trust
• Positive Sentiment: JPMorgan initiated coverage with a Buy-equivalent recommendation and a $2,250 price target, citing Sandisk’s positioning in the AI memory market. This follows strong quarterly results, including earnings that exceeded expectations and revenue growth of roughly 372% year over year. SanDisk Gets New Buy Recommendation
• Positive Sentiment: Analysts and market commentators continue to argue that AI infrastructure demand could keep memory pricing and storage demand elevated, with some viewing Sandisk’s high-bandwidth flash products as a potential beneficiary of the shift toward agentic AI. Elon Musk on Memory and Storage Demand
• Neutral Sentiment: After gaining roughly 28% in the prior five sessions and nearly 550% year to date, SNDK is experiencing heightened volatility and profit-taking. Technical analysts are watching nearby support levels to determine whether the rebound can continue or the broader correction resumes. Sandisk Price Forecast
• Neutral Sentiment: Although the memory shortage may persist into 2027, investors remain divided over whether current margins are sustainable. Sandisk’s outlook depends heavily on continued pricing strength, data-center demand and successful execution of its new business model. Sandisk Stock and the Memory Shortage
• Negative Sentiment: A Wall Street Journal report intensified a broad selloff in memory-chip stocks as investors rotated out of AI hardware winners. Sandisk, Micron and Western Digital all came under pressure, indicating that sector-wide positioning is a major factor behind SNDK’s decline. WSJ Report Sends Memory Stocks Down
• Negative Sentiment: Rising Treasury yields are pressuring richly valued growth and semiconductor shares, making investors less willing to pay high multiples for stocks whose earnings are tied to a cyclical memory boom. Higher Rates Test the Memory Boom
• Negative Sentiment: Concerns that memory remains a boom-and-bust industry are resurfacing after SNDK’s parabolic run. Any normalization in NAND pricing or evidence of weaker demand could challenge expectations embedded in the stock’s elevated valuation. Sandisk: Every Bounce Looks Like a Trap

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president owned 52,677 shares of the company's stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $697,296.00. Following the transaction, the insider owned 30,915 shares of the company's stock, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,800 shares of company stock valued at $6,504,856. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SNDK shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Barclays raised shares of Sandisk from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. New Street Research set a $3,000.00 price objective on shares of Sandisk in a research note on Thursday, August 6th. Wedbush reissued an "outperform" rating and set a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Sandisk in a research note on Thursday, August 6th. Three equities research 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's stock. According to data from MarketBeat, Sandisk currently has a consensus rating of "Buy" and a consensus target price of $1,999.27.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,625.78 on Wednesday. The company has a market capitalization of $240.76 billion, a PE ratio of 22.30, a P/E/G ratio of 0.16 and a beta of 5.21. The company has a 50-day simple moving average of $1,670.35 and a two-hundred day simple moving average of $1,203.01. Sandisk Corporation has a one year low of $43.20 and a one year high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating 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 during the quarter. During the same quarter last year, the business earned $0.29 earnings per share. Sandisk's revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its board has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source