Sandisk Corporation $SNDK Shares Bought by UNICOM Systems Inc.

Key Points

• UNICOM Systems increased its Sandisk stake by 9.6% in the third quarter to 64,100 shares valued at approximately $111.5 million. Several other institutional investors also raised their positions.
• Sandisk reported strong quarterly results, with $39.25 in EPS and $8.96 billion in revenue, up 371.6% year over year. The company also authorized a $14 billion share buyback, covering up to 6.6% of its outstanding shares.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $2,120.65, though insiders have sold $121.2 million of stock over the past 90 days and competition and memory-cycle concerns remain risks.

UNICOM Systems Inc. grew its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,100 shares of the data storage provider's stock after purchasing an additional 5,600 shares during the quarter. Sandisk accounts for 7.8% of UNICOM Systems Inc.'s investment portfolio, making the stock its 5th biggest position. UNICOM Systems Inc.'s holdings in Sandisk were worth $111,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of SNDK. Dogwood Wealth Management LLC raised its holdings in shares of Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider's stock valued at $109,000 after buying an additional 6 shares during the period. Nilsine Partners LLC lifted its position in Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock worth $514,000 after acquiring an additional 7 shares in the last quarter. Insight Wealth Partners LLC lifted its position in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider's stock worth $3,654,000 after acquiring an additional 7 shares in the last quarter. Cornerstone Financial Management LLC boosted its holdings in Sandisk by 60.0% in the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock worth $55,000 after acquiring an additional 9 shares during the period. Finally, LifeGoal Investments LLC boosted its holdings in Sandisk by 3.9% in the 3rd quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider's stock worth $421,000 after acquiring an additional 9 shares during the period.

Insiders Place Their Bets

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the completion of the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares of the company's stock, valued at approximately $602,709,911.65. This trade represents a 8.12% 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 77,899 shares of company stock valued at $121,159,122 over the last 90 days. 0.29% of the stock is owned by company insiders.

Sandisk Stock Performance

Shares of NASDAQ SNDK traded down $5.00 during midday trading on Tuesday, reaching $1,482.33. 8,323,179 shares of the company's stock were exchanged, compared to its average volume of 15,168,220. Sandisk Corporation has a 52-week low of $120.96 and a 52-week high of $2,354.39. The stock has a market capitalization of $214.24 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 0.16 and a beta of 5.23. The business's fifty day moving average price is $1,598.08 and its two-hundred day moving average price is $1,487.22.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business 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%. The company's revenue was up 371.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a share buyback plan on Wednesday, August 5th that authorizes the company to buy back $14.00 billion in shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNDK. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 target price on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a research report on Monday, August 10th. Argus upgraded shares of Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 target price for the company in a research note on Monday, August 10th. Finally, UBS Group restated an "overweight" rating and issued a $1,750.00 target price on shares of Sandisk in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sandisk currently has a consensus rating of "Moderate Buy" and an average target price of $2,120.65.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P Global upgraded Sandisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. The upgrade may support investor confidence in the company’s balance sheet. SanDisk Stock Upgraded to BBB by S&P Global
• Positive Sentiment: Investor Nicholas Mugalli said SNDK could reach $3,000 within two years, arguing that projected earnings could leave the stock trading below nine times earnings at that level. Other analysts have also maintained bullish targets, supporting the long-term upside case. SanDisk Has More Upside
• Positive Sentiment: A bullish analysis said fears about Chinese competition and slowing price increases are premature, pointing to robust NAND pricing, approximately $93.9 billion in NBM contracts and $16.5 billion in financial guarantees. Sandisk’s recent earnings also showed sharply higher revenue and earnings. Sandisk: The First Crack in the Memory Supercycle
• Neutral Sentiment: Sandisk is scheduled to report fiscal first-quarter 2027 results on October 29. Management’s guidance of $10.3 billion–$10.8 billion in revenue and $44–$46 in non-GAAP EPS makes the report an important test of whether pricing and margins can remain elevated. Sandisk Falls as Pre-Earnings Caution Weighs on Shares
• Negative Sentiment: Chinese memory maker CXMT outlined progress toward denser memory designs and plans to compete in high-end server memory. The development sparked a broad selloff in memory stocks, with investors fearing future pricing pressure and market-share losses for Sandisk. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: Broader AI-sector weakness and worries about AI funding, lofty semiconductor valuations and the durability of the memory supercycle are weighing on SNDK alongside its peers. Analysts also note that much of Sandisk’s recent growth came from higher pricing, increasing concern about a potential peak in the cycle.
• Negative Sentiment: Reported insider activity shows extensive selling and no insider purchases over the past six months, which may reinforce caution among investors already focused on valuation and earnings risk.

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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