Sandisk Corporation $SNDK Shares Bought by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC increased its Sandisk stake by 141.7% in the second quarter, bringing its holdings to 2,383 shares valued at approximately $5.4 million. Several other institutional investors also initiated or expanded positions.
• Sandisk reported strong operating momentum, with quarterly EPS of $39.25 exceeding estimates and revenue rising 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program and guided to fiscal first-quarter 2027 EPS of $44–$46.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $1,998.14, though investors face risks from the memory industry’s cyclicality, high valuation, rising Chinese competition and recent insider selling.

Three Seasons Wealth LLC grew its holdings in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 141.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,383 shares of the data storage provider's stock after purchasing an additional 1,397 shares during the quarter. Sandisk comprises approximately 0.5% of Three Seasons Wealth LLC's portfolio, making the stock its 17th largest holding. Three Seasons Wealth LLC's holdings in Sandisk were worth $5,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter valued at approximately $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk in the third quarter valued at approximately $408,000. Dimensional Fund Advisors LP purchased a new position in Sandisk during the third quarter worth approximately $100,080,000. First Trust Advisors LP purchased a new position in Sandisk during the third quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new position in Sandisk during the third quarter worth $591,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the transaction, the insider directly owned 29,884 shares in the company, valued at $45,591,030.40. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,800 shares of company stock worth $2,865,456 in the last 90 days. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SNDK has been the subject of several analyst reports. Mizuho dropped their target price on Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a report on Tuesday, August 25th. JPMorgan Chase & Co. started coverage on Sandisk in a report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Susquehanna dropped their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $1,998.14.

Sandisk Stock Performance

Sandisk stock opened at $1,740.00 on Friday. The company's 50 day simple moving average is $1,543.33 and its 200-day simple moving average is $1,285.12. Sandisk Corporation has a 1 year low of $63.74 and a 1 year high of $2,354.39. The company has a market capitalization of $254.77 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping 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 firm had revenue of $8.96 billion during the quarter. During the same period in the previous year, the business posted $0.29 EPS. The business's revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source