N10 Wealth LLC Buys 1,641 Shares of Sandisk Corporation $SNDK

Key Points

• N10 Wealth increased its Sandisk stake by 31.1% in the third quarter, purchasing 1,641 shares and bringing its holdings to 6,912 shares valued at approximately $12.0 million.
• Wall Street remains broadly bullish, with 22 Buy and two Strong Buy ratings among analysts and an average price target of $2,120.65, compared with the reported trading price of $1,414.17.
• Sandisk reported a substantial earnings beat and 371.6% year-over-year revenue growth, while authorizing a $14 billion share-repurchase program; however, insiders sold $121.2 million of stock over the past 90 days.

N10 Wealth LLC grew its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,912 shares of the data storage provider's stock after purchasing an additional 1,641 shares during the quarter. Sandisk makes up about 3.4% of N10 Wealth LLC's portfolio, making the stock its 13th biggest holding. N10 Wealth LLC's holdings in Sandisk were worth $12,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in Sandisk during the first quarter valued at $25,000. Atomic Invest LLC purchased a new position in Sandisk in the second quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk in the first quarter worth about $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk in the second quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Sandisk in the second quarter worth about $32,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SNDK shares. UBS Group restated an "overweight" rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. New Street Research set a $3,000.00 price target on Sandisk in a research note on Thursday, August 6th. Wedbush reaffirmed an "outperform" rating and issued a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. JPMorgan Chase & Co. began coverage on Sandisk in a research report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Sandisk presently has an average rating of "Moderate Buy" and an average target price of $2,120.65.

Insider Transactions at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction on Thursday, September 17th. The stock was 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 of the company's stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the firm'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 transaction, the insider owned 25,588 shares in the company, valued at $44,393,644.72. The trade was a 2.29% 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. Insiders have sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. Company insiders own 0.29% of the company's stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk entered a data-storage partnership with Meta Platforms to support storage options for Meta’s VR glasses, providing a potential new customer and demand catalyst. SanDisk Stock Drops Despite a Data Storage Partnership With Meta
• Positive Sentiment: Analyst Nicholas Mugalli maintains a highly bullish outlook, projecting a potential price of $3,000 over two years on expectations that earnings growth could make the valuation appear inexpensive. SanDisk Has More Upside, Analyst Says
• Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flow and rising AI-driven memory demand. SanDisk Stock Upgraded to BBB by S&P Global
• Neutral Sentiment: Several analysts describe SanDisk as a buy-the-dip opportunity, arguing that AI infrastructure growth and constrained memory supply could support long-term demand despite near-term volatility. AI Memory Chip Selloff Looks Overblown
• Negative Sentiment: Memory stocks are under pressure after Chinese chipmaker CXMT outlined advances and plans to compete in high-end server memory, raising fears of future pricing pressure and market-share losses for SanDisk. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation has added pressure to semiconductor and AI-related stocks, while concerns about AI funding and stretched valuations have intensified the sector selloff. Five Things to Know Before the Market Opens

Sandisk Price Performance

Sandisk stock traded down $68.16 during midday trading on Wednesday, reaching $1,414.17. The company had a trading volume of 4,286,730 shares, compared to its average volume of 15,112,605. Sandisk Corporation has a 12-month low of $130.50 and a 12-month high of $2,354.39. The company has a market capitalization of $204.39 billion, a P/E ratio of 19.38, a P/E/G ratio of 0.15 and a beta of 5.23. The firm's fifty day simple moving average is $1,598.08 and its 200-day simple moving average is $1,487.22.

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

Sandisk declared that its board has authorized a share repurchase program on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

About Sandisk

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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