Polianta Ltd Sells 1,200 Shares of Sandisk Corporation $SNDK

Key Points

• Polianta Ltd. cut its Sandisk stake by 57.1% in the second quarter, selling 1,200 shares and retaining 900 shares valued at approximately $2.05 million.
• Sandisk reported a strong quarter, with EPS of $39.25 beating estimates and revenue rising 371.6% year over year to about $8.96 billion. The company also authorized a $14 billion share-buyback program covering up to 6.6% of shares.
• Despite bullish analyst sentiment and a “Moderate Buy” consensus, investors remain concerned about moderating growth, NAND pricing and margin sustainability; the stock opened at $1,212.21, below the consensus price target of $1,853.14.

Polianta Ltd trimmed its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 57.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900 shares of the data storage provider's stock after selling 1,200 shares during the period. Sandisk comprises 0.3% of Polianta Ltd's investment portfolio, making the stock its 23rd largest position. Polianta Ltd's holdings in Sandisk were worth $2,046,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SNDK. Allworth Financial LP boosted 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 purchasing an additional 2,067 shares in the last quarter. Tredje AP fonden purchased a new position in Sandisk in the 4th quarter worth $7,821,000. ProShare Advisors LLC raised its position in Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock worth $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC bought a new stake in Sandisk in the fourth quarter worth $422,000. Finally, North Dakota State Investment Board bought a new stake in Sandisk in the fourth quarter worth $1,127,000.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,212.21 on Friday. Sandisk Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $2,354.39. The stock has a 50 day simple moving average of $1,699.98 and a two-hundred day simple moving average of $1,148.38. The stock has a market cap of $179.52 billion, a P/E ratio of 16.63 and a beta of 5.20.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm 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 quarterly revenue was up 371.6% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 187.19 earnings per share for the current year.

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

Insider Activity at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value 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. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bernard Shek sold 600 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,246 shares of company stock worth $9,993,292 over the last quarter. Corporate insiders own 0.21% of the company's stock.

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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sandisk in a research note on Thursday. Citigroup lowered their target price on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America increased their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Evercore set a $2,800.00 price target on Sandisk in a research report on Thursday. Finally, Zacks Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,853.14.

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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