Sandisk Corporation $SNDK Holdings Lifted by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services increased its Sandisk stake by 186.2% in the third quarter, bringing its holdings to 4,605 shares valued at approximately $8.0 million. Several other institutional investors also increased or initiated positions.
• Analysts remain broadly bullish: Sandisk has a “Moderate Buy” consensus rating, with an average price target of $2,120.65, while recent quarterly results significantly exceeded earnings expectations and revenue rose 371.6% year over year.
• AI-related memory demand is supporting the stock, but investors remain focused on the October 29 earnings update and the risk that slower data-center or AI infrastructure spending could pressure future results. The company also authorized a $14 billion share-repurchase program.

Diversify Advisory Services LLC raised its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 186.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,605 shares of the data storage provider's stock after buying an additional 2,996 shares during the quarter. Diversify Advisory Services LLC's holdings in Sandisk were worth $8,012,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its holdings in Sandisk by 35.1% in the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock worth $130,885,000 after buying an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Sandisk in the second quarter worth approximately $4,775,000. Florida Financial Advisors LLC bought a new position in shares of Sandisk in the first quarter worth approximately $2,747,000. UNICOM Systems Inc. grew its holdings in shares of Sandisk by 14.9% during the second quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider's stock valued at $133,013,000 after buying an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC purchased a new stake in shares of Sandisk during the second quarter valued at approximately $2,506,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What's Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here's What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Analyst Ratings Changes

Several brokerages recently weighed in on SNDK. Evercore reissued an "outperform" rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Citigroup reaffirmed a "buy" rating on shares of Sandisk in a research report on Thursday, October 1st. Jefferies Financial Group reaffirmed a "buy" rating and issued a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a research report on Thursday, August 6th. China Renaissance increased their target price on Sandisk from $2,000.00 to $2,250.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $2,120.65.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,378.22 on Thursday. Sandisk Corporation has a fifty-two week low of $144.82 and a fifty-two week high of $2,354.39. The business has a 50-day simple moving average of $1,608.84 and a two-hundred day simple moving average of $1,518.14. The firm has a market cap of $199.19 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

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 business had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk's revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% 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 sold 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.

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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