Sandisk Corporation $SNDK Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 66.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,430 shares of the data storage provider's stock after acquiring an additional 1,765 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Sandisk were worth $10,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SNDK. BlackRock Inc. acquired a new position in shares of Sandisk in the second quarter valued at approximately $23,408,732,000. State Street Corp purchased a new position in Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk in the 3rd quarter valued at $297,293,000. Norges Bank acquired a new position in Sandisk in the 4th quarter valued at $518,889,000. Finally, Bank of America Corp DE acquired a new position in shares of Sandisk during the third quarter worth about $190,425,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
• Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
• Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
• Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally

Wall Street Analyst Weigh In

SNDK has been the subject of several recent analyst reports. UBS Group reiterated an "overweight" rating and issued a $1,750.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Morgan Stanley increased their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a report on Friday, August 14th. Finally, New Street Research set a $3,000.00 price target on shares of Sandisk in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $1,998.14.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 29,884 shares in the company, valued at approximately $45,591,030.40. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

NASDAQ SNDK opened at $1,553.40 on Thursday. Sandisk Corporation has a 12 month low of $50.65 and a 12 month high of $2,354.39. The company's 50 day simple moving average is $1,565.94 and its 200 day simple moving average is $1,275.38. The company has a market capitalization of $227.45 billion, a P/E ratio of 21.31, a PEG ratio of 0.15 and a beta of 5.17.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share 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 net margin of 56.47% and a return on equity of 87.84%. The business's revenue was up 371.6% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has initiated a share repurchase 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 buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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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