Sandisk Corporation $SNDK Shares Purchased by UNICOM Systems Inc.

Key Points

• UNICOM Systems increased its Sandisk stake by 14.9% in the second quarter, purchasing 7,600 additional shares for a total of 58,500 shares valued at approximately $133 million.
• Sandisk reported a strong quarter, with adjusted EPS of $39.25 and revenue of about $8.96 billion, up 371.6% year over year and above analyst estimates. The company also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
• Despite the earnings beat and AI-driven storage optimism, shares traded down 3.7% as investors focused on slightly weaker-than-expected guidance, margin concerns and the risks of NAND oversupply or slower AI demand. Analysts remain moderately bullish, with a consensus “Moderate Buy” rating and a target price of $1,853.14.

UNICOM Systems Inc. boosted its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,500 shares of the data storage provider's stock after buying an additional 7,600 shares during the quarter. Sandisk makes up approximately 8.7% of UNICOM Systems Inc.'s portfolio, making the stock its 3rd largest holding. UNICOM Systems Inc.'s holdings in Sandisk were worth $133,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the first quarter valued at approximately $25,000. Whittier Trust Co. acquired a new stake in shares of Sandisk in the fourth quarter worth approximately $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk during the fourth quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk in the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. acquired a new position in Sandisk in the 1st quarter valued at $29,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk reported adjusted EPS of $39.25 and revenue of approximately $8.97 billion, beating consensus estimates. Revenue increased 371.6% year over year, driven by stronger NAND pricing, higher volumes and a 437% surge in data-center revenue. SNDK Q4 Earnings Beat Estimates
• Positive Sentiment: The company authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence in the business and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
• Positive Sentiment: Bullish analysts argue that AI-driven storage demand, high-bandwidth flash products and long-term customer agreements could make SanDisk less cyclical. Contracts reportedly include roughly $93.9 billion in minimum revenue commitments, with some agreements backed by financial guarantees. SanDisk Upgrade
• Neutral Sentiment: Analyst opinion is divided. Some firms upgraded SanDisk and see substantial upside from AI infrastructure, while Jefferies reduced its price target to $1,750 from $3,000 because of NAND pricing and margin concerns, though it retained a Buy rating. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: Fiscal first-quarter revenue guidance of $10.3 billion to $10.8 billion was slightly below some Wall Street estimates. Investors interpreted the outlook as evidence that growth and pricing may be moderating, despite the quarterly beat. Why SanDisk Stock Is Falling
• Negative Sentiment: Investors are also questioning whether current margins can persist as SanDisk’s new business model gives up some near-term margin for longer-term volume, pricing discipline and visibility. The stock’s sharp prior advance has left little room for execution mistakes, while NAND oversupply or slower AI spending remains a major risk.

Sandisk Trading Down 3.7%

Sandisk stock opened at $1,212.21 on Friday. Sandisk Corporation has a twelve month low of $41.00 and a twelve month high of $2,354.39. The stock's fifty day simple moving average is $1,699.98 and its 200-day simple moving average is $1,148.38. The firm has a market capitalization of $179.52 billion, a P/E ratio of 16.63 and a beta of 5.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion during the quarter. During the same quarter last year, the business posted $0.29 earnings per share. The company'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. Sell-side analysts predict that Sandisk Corporation will post 185.89 earnings per share for the current year.

Sandisk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider directly owned 30,915 shares of the company's stock, valued at approximately $35,928,176.40. This represents a 1.90% 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. In the last quarter, insiders sold 6,246 shares of company stock worth $9,993,292. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on SNDK shares. Weiss Ratings cut shares of Sandisk from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 21st. Morgan Stanley raised their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Susquehanna dropped their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada upped their price objective on shares of Sandisk from $1,000.00 to $1,300.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Argus started coverage on shares of Sandisk in a research report on Wednesday, July 15th. They set a "hold" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,853.14.

Sandisk Company 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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