Sandisk Corporation $SNDK Shares Purchased by Cadent Capital Advisors LLC

Key Points

• Cadent Capital Advisors increased its Sandisk stake by 1,025.1% in the third quarter, purchasing 2,655 additional shares and bringing its holdings to 2,914 shares valued at approximately $5.07 million.
• Analysts remain broadly bullish, with Sandisk carrying a “Moderate Buy” consensus rating and an average price target of $2,120.65, supported by expected AI-related demand for high-capacity data storage.
• Sandisk reported strong fundamentals, including 371.6% year-over-year revenue growth and EPS above estimates, while authorizing a $14 billion share buyback. However, investors face risks from memory-market cyclicality, elevated valuation, industry competition and recent insider selling.

Cadent Capital Advisors LLC raised its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 1,025.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,914 shares of the data storage provider's stock after purchasing an additional 2,655 shares during the period. Sandisk makes up about 1.1% of Cadent Capital Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Cadent Capital Advisors LLC's holdings in Sandisk were worth $5,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock worth $130,885,000 after purchasing an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Sandisk in the second quarter valued at approximately $4,775,000. Florida Financial Advisors LLC bought a new position in shares of Sandisk during the 1st quarter worth approximately $2,747,000. UNICOM Systems Inc. increased its holdings in shares of Sandisk by 14.9% during the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider's stock worth $133,013,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC acquired a new position in shares of Sandisk during the 2nd quarter worth approximately $2,506,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain bullish on SanDisk’s exposure to the AI infrastructure buildout. Demand for high-capacity, fast storage is expected to grow as AI systems move from training to large-scale deployment, potentially supporting revenue and pricing for years. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing demand tied to “agentic AI.” Other analysts have also issued significantly higher targets, reinforcing expectations for continued earnings growth. Mizuho raises SanDisk price target
• Positive Sentiment: The company’s recent results provide strong fundamental support: revenue rose 371.6% year over year, earnings exceeded consensus, and management issued first-quarter fiscal 2027 earnings guidance of $44 to $46 per share. Longer-term contracts and increased data-center exposure could make profits less dependent on volatile spot-memory pricing.
• Neutral Sentiment: SanDisk’s valuation is being debated. Its approximately 22-times earnings multiple may appear reasonable if AI-driven growth persists, but could prove expensive if current profits represent a cyclical peak. Investors are likely to focus on pricing, contract coverage, and margin sustainability at the company’s upcoming earnings report. SanDisk posted an 84.6% margin quarter
• Negative Sentiment: Memory stocks sold off after Samsung’s preliminary revenue results missed expectations, raising concerns about industry demand and pricing. SanDisk declined alongside Micron and SK Hynix despite some analysts arguing that supply and pricing fears are overstated. Memory stock selloff
• Negative Sentiment: Investors are also weighing elevated Treasury yields, higher oil prices, profit-taking after SanDisk’s extraordinary rally, and the risk that new competitor capacity—particularly from Chinese manufacturers—could eventually recreate a memory oversupply.

Analyst Ratings Changes

A number of research firms have recently issued reports on SNDK. BNP Paribas Exane cut their target price on shares of Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. China Renaissance boosted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Royal Bank Of Canada upped their target price on Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a research report on Friday, August 14th. Raymond James Financial lifted their price target on Sandisk from $1,470.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities assumed coverage on Sandisk in a report on Tuesday, September 22nd. They issued a "buy" rating and a $2,400.00 price objective on the stock. Two 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,120.65.

Insiders Place Their Bets

In other news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 382,865 shares of the company's stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the executive vice president directly owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock worth $121,159,122 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Sandisk Trading Down 0.5%

Sandisk stock traded down $7.78 during trading hours on Friday, reaching $1,601.68. 3,346,393 shares of the stock were exchanged, compared to its average volume of 15,223,899. Sandisk Corporation has a twelve month low of $116.17 and a twelve month high of $2,354.39. The company has a market cap of $231.49 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23. The stock has a 50 day moving average of $1,585.66 and a two-hundred day moving average of $1,469.83.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the business posted $0.29 EPS. The business's revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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