NewEdge Advisors LLC Has $11.52 Million Stake in Sandisk Corporation $SNDK

Key Points

• NewEdge Advisors increased its Sandisk stake by 187.2% in the first quarter, ending with 18,129 shares valued at approximately $11.52 million. Several other institutional investors also expanded or initiated positions.
• Sandisk reported a strong quarter, with EPS of $39.25 beating estimates and revenue rising 371.6% year over year to $8.96 billion, driven by stronger NAND pricing, higher volumes and data-center growth.
• The company authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares. Analysts remain broadly bullish, though concerns about moderating growth, NAND pricing and margin durability have created some caution.

NewEdge Advisors LLC raised its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 187.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,129 shares of the data storage provider's stock after acquiring an additional 11,817 shares during the quarter. NewEdge Advisors LLC's holdings in Sandisk were worth $11,518,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNDK. Allworth Financial LP lifted its stake in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock valued at $1,073,000 after acquiring an additional 2,067 shares during the last quarter. Tredje AP fonden bought a new stake in Sandisk during the 4th quarter worth $7,821,000. ProShare Advisors LLC grew its position in Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock worth $7,985,000 after acquiring an additional 31,237 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in Sandisk in the 4th quarter worth about $422,000. Finally, North Dakota State Investment Board acquired a new position in Sandisk in the 4th quarter worth about $1,127,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of Sandisk in a research note on Thursday. Morgan Stanley upped their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Sandisk in a report on Thursday. Raymond James Financial restated an "outperform" rating and issued a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Argus started coverage on Sandisk in a research report on Wednesday, July 15th. They set a "hold" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given 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 $1,853.14.

Insider Buying and Selling at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,246 shares of company stock valued at $9,993,292. 0.21% of the stock is currently owned by insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,212.21 on Monday. The firm has a market cap of $179.52 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.13 and a beta of 5.21. Sandisk Corporation has a 52-week low of $41.00 and a 52-week high of $2,354.39. The firm has a 50 day moving average price of $1,699.98 and a two-hundred day moving average price of $1,153.55.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data 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. 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 period in the prior year, the company posted $0.29 earnings per share. 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, equities research analysts predict that Sandisk Corporation will post 187.19 EPS for the current fiscal year.

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

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk reported adjusted EPS of $39.25 and revenue of approximately $8.97 billion, beating consensus estimates. Revenue increased 371.6% year over year, driven by stronger NAND pricing, higher volumes and a 437% surge in data-center revenue. SNDK Q4 Earnings Beat Estimates
• Positive Sentiment: The company authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence in the business and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
• Positive Sentiment: Bullish analysts argue that AI-driven storage demand, high-bandwidth flash products and long-term customer agreements could make SanDisk less cyclical. Contracts reportedly include roughly $93.9 billion in minimum revenue commitments, with some agreements backed by financial guarantees. SanDisk Upgrade
• Neutral Sentiment: Analyst opinion is divided. Some firms upgraded SanDisk and see substantial upside from AI infrastructure, while Jefferies reduced its price target to $1,750 from $3,000 because of NAND pricing and margin concerns, though it retained a Buy rating. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: Fiscal first-quarter revenue guidance of $10.3 billion to $10.8 billion was slightly below some Wall Street estimates. Investors interpreted the outlook as evidence that growth and pricing may be moderating, despite the quarterly beat. Why SanDisk Stock Is Falling
• Negative Sentiment: Investors are also questioning whether current margins can persist as SanDisk’s new business model gives up some near-term margin for longer-term volume, pricing discipline and visibility. The stock’s sharp prior advance has left little room for execution mistakes, while NAND oversupply or slower AI spending remains a major risk.

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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