Nykredit A S Takes $107.22 Million Position in Sandisk Corporation $SNDK

Key Points

• Nykredit A/S acquired 47,155 Sandisk shares during the second quarter, establishing a position valued at approximately $107.2 million. Several other institutional investors also recently initiated positions.
• Sandisk reported strong quarterly momentum, with EPS of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. The company also authorized a $14 billion share-repurchase program.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $1,998.14 price target, though insider selling and Sandisk’s elevated valuation and volatility remain key risks.

Nykredit A S acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 47,155 shares of the data storage provider's stock, valued at approximately $107,218,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the 1st quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter valued at $29,000. Dunhill Financial LLC bought a new position in Sandisk during the second quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Sandisk during the second quarter worth about $32,000. Finally, Kilter Group LLC acquired a new position in Sandisk during the second quarter worth about $32,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts say the memory shortage may persist, potentially supporting pricing and further upside for Sandisk. NAND supply contracts could also improve earnings visibility as demand from data centers and AI infrastructure grows. The Memory Shortage Is Not Over
• Positive Sentiment: Recent investment commentary argues that Sandisk’s shift toward data-center and AI-driven storage could lift the value of each bit sold. Management’s long-term targets of roughly 80% non-GAAP gross margins and 75% operating margins support a higher normalized earnings outlook. Sandisk Earnings Power Analysis
• Positive Sentiment: Memory-chip stocks rallied broadly as easing oil prices and lower Treasury yields improved risk appetite for technology shares. The sector rebound helped Sandisk recover from losses earlier in the week. Why Memory-Chip Stocks Are Jumping
• Positive Sentiment: Sandisk’s latest reported quarter included earnings of $39.25 per share, well above the $33.28 consensus estimate, while revenue rose 371.6% year over year. The company has also authorized a $14 billion share-repurchase program, which could provide additional support.
• Neutral Sentiment: Articles highlighting Sandisk’s more than 1,700% annual advance and its distance from the prior peak frame the stock as a high-momentum opportunity, but also emphasize that historical performance does not guarantee further gains. Sandisk Momentum and Historical Performance
• Negative Sentiment: Sandisk’s CEO and CFO sold shares under pre-arranged Rule 10b5-1 plans. The transactions were small relative to their remaining holdings, but continued insider selling may temper investor sentiment after the stock’s sharp run-up. Sandisk CFO Insider Sale
• Negative Sentiment: Commentary warns that Sandisk’s elevated valuation leaves it vulnerable to profit-taking, renewed concerns about AI spending, competition and volatility in memory stocks. Leveraged products tied to SNDK can amplify both gains and losses, underscoring the risk of a reversal. Risks of Leveraging Sandisk

Insider Activity at Sandisk

In other Sandisk news, CEO David Goeckeler sold 33,838 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $1,527.87, for a total value of $51,700,065.06. Following the transaction, the chief executive officer directly owned 413,410 shares of the company's stock, valued at $631,636,736.70. This represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares of the company's stock, valued at $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. 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 ninety days, insiders sold 44,058 shares of company stock valued at $68,098,118. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SNDK shares. Mizuho cut their price target 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. Weiss Ratings cut shares of Sandisk from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. Royal Bank Of Canada boosted their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a report on Friday, August 14th. Wedbush reissued an "outperform" rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, Susquehanna decreased their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating on the stock in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,998.14.

Sandisk Trading Up 6.2%

Shares of NASDAQ SNDK opened at $1,614.39 on Friday. Sandisk Corporation has a one year low of $93.54 and a one year high of $2,354.39. The firm has a market capitalization of $236.38 billion, a PE ratio of 22.15, a PEG ratio of 0.15 and a beta of 5.17. The business has a 50-day moving average price of $1,503.16 and a two-hundred day moving average price of $1,353.83.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk's revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

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