Sandisk Corporation $SNDK Shares Newly Acquired by St. Louis Financial Planners Asset Management LLC

Key Points

• St. Louis Financial Planners Asset Management initiated a Sandisk position worth approximately $6.05 million, making the stock the firm’s fourth-largest holding at 2.6% of its portfolio. Several other institutional investors also increased or initiated positions during the third quarter.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $2,120.65, despite wide target-price differences. Sandisk recently reported $39.25 in quarterly EPS, well above estimates, while revenue surged 371.6% year over year.
• Shares fell 6.8% to $1,299.30 amid concerns about memory-chip oversupply, Chinese competition, interest rates and the sustainability of recent margin gains. The company has authorized a $14 billion buyback, while insiders have sold more than $121 million of stock over the past three months.

St. Louis Financial Planners Asset Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,477 shares of the data storage provider's stock, valued at approximately $6,050,000. Sandisk makes up about 2.6% of St. Louis Financial Planners Asset Management LLC's investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in SNDK. Mosley Wealth Management purchased a new position in Sandisk during the 3rd quarter worth approximately $826,000. TD Waterhouse Canada Inc. increased its position in Sandisk by 18.5% during the third quarter. TD Waterhouse Canada Inc. now owns 26,707 shares of the data storage provider's stock worth $48,861,000 after buying an additional 4,175 shares during the period. Rise Advisors LLC purchased a new stake in Sandisk in the third quarter valued at approximately $205,000. Selective Wealth Management Inc. lifted its stake in Sandisk by 10.6% in the third quarter. Selective Wealth Management Inc. now owns 343 shares of the data storage provider's stock valued at $597,000 after buying an additional 33 shares during the last quarter. Finally, GFG Capital LLC boosted its holdings in shares of Sandisk by 64.6% in the third quarter. GFG Capital LLC now owns 163 shares of the data storage provider's stock valued at $284,000 after acquiring an additional 64 shares during the period.

Analyst Ratings Changes

SNDK has been the topic of a number of research reports. UBS Group restated an "overweight" rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. BNP Paribas Exane reduced their price target on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Wells Fargo & Company upped 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. The Goldman Sachs Group reiterated a "buy" rating and set a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. Finally, New Street Research set a $3,000.00 price objective on shares of Sandisk in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $2,120.65.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Sandisk Stock Down 6.8%

SNDK traded down $95.53 on Friday, hitting $1,299.30. 8,871,699 shares of the company traded hands, compared to its average volume of 8,782,726. Sandisk Corporation has a 12-month low of $136.29 and a 12-month high of $2,354.39. The company has a 50 day moving average of $1,603.61 and a 200-day moving average of $1,496.95. The stock has a market capitalization of $187.79 billion, a PE ratio of 17.82, a PEG ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate 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%. The company's revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Share repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction 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 directly owned 382,865 shares in the company, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. 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. Also, insider Bernard Shek sold 600 shares of the business's stock in a transaction on Thursday, October 1st. The shares were 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 $44,393,644.72. This represents a 2.29% 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 worth $121,159,122 over the last three months. 0.29% of the stock is owned by company insiders.

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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