Moore Capital Management LP Sells 41,649 Shares of Sandisk Corporation $SNDK

Key Points

• Moore Capital Management sharply reduced its Sandisk position by selling 41,649 shares, leaving the fund with 641 shares worth approximately $1.46 million at the latest filing.
• Sandisk reported strong operating momentum: quarterly revenue rose 371.6% year over year to $8.96 billion, while EPS of $39.25 exceeded estimates of $33.28. The company also authorized a $14 billion share-buyback program.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and average price target of $1,998.14, though analysts and investors continue to weigh competition, memory-cycle risks and the company’s costly $31 billion Japan expansion.

Moore Capital Management LP trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 98.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 641 shares of the data storage provider's stock after selling 41,649 shares during the period. Moore Capital Management LP's holdings in Sandisk were worth $1,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC bought a new stake in Sandisk during the 2nd quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Sandisk in the 2nd quarter valued at approximately $32,000. Kilter Group LLC bought a new stake in Sandisk in the 2nd quarter worth about $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Sandisk in the second quarter worth approximately $34,000. Finally, Ramsey Quantitative Systems purchased a new stake in Sandisk during the 2nd quarter valued at $50,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032
• Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks
• Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative.
• Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year
• Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,566.70 on Tuesday. The firm has a market capitalization of $229.40 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.15 and a beta of 5.21. The business has a 50 day simple moving average of $1,581.73 and a two-hundred day simple moving average of $1,262.28. Sandisk Corporation has a 1 year low of $50.07 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion during the quarter. During the same period in the prior year, the business posted $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. Equities research analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

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

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the company's 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 directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,800 shares of company stock worth $2,991,696 over the last ninety days. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SNDK has been the topic of several recent research reports. New Street Research set a $3,000.00 price objective on shares of Sandisk in a research note on Thursday, August 6th. Evercore reissued an "outperform" rating on shares of Sandisk in a research note on Thursday, August 13th. Mizuho dropped their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a report on Tuesday, August 25th. Citigroup cut their price target on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Sandisk in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $1,998.14.

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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