Sandisk Corporation $SNDK Shares Sold by Bokf Na

Key Points

• Bokf Na cut its Sandisk stake by 49.5% in the third quarter, selling 2,907 shares and retaining 2,967 shares valued at approximately $5.16 million.
• Sandisk reported strong quarterly results, with revenue up 23% year over year to $11.03 billion and earnings of $49.51 per share, beating analyst expectations. The company also authorized a $14 billion share repurchase program.
• The stock traded down 5.3% to $1,330.05 amid broader pressure on memory stocks, although analysts maintain a “Moderate Buy” consensus with an average price target of $2,093.73.

Bokf Na trimmed its holdings in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 49.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,967 shares of the data storage provider's stock after selling 2,907 shares during the period. Bokf Na's holdings in Sandisk were worth $5,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the first quarter valued at approximately $25,000. Atomic Invest LLC purchased a new position in Sandisk during the second quarter worth approximately $25,000. Hilton Head Capital Partners LLC lifted its position in Sandisk by 650.0% during the third quarter. Hilton Head Capital Partners LLC now owns 15 shares of the data storage provider's stock worth $26,000 after buying an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Sandisk during the first quarter worth approximately $29,000. Finally, Dunhill Financial LLC acquired a new position in Sandisk during the second quarter worth $30,000.

Sandisk Trading Down 5.3%

NASDAQ SNDK opened at $1,330.05 on Friday. The stock has a market cap of $192.23 billion, a PE ratio of 18.24, a P/E/G ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a twelve month low of $183.00 and a twelve month high of $2,354.39. The stock has a fifty day simple moving average of $1,566.91 and a 200-day simple moving average of $1,247.03.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Thursday, October 29th. The data storage provider reported $49.51 EPS for the quarter, beating analysts' consensus estimates of $46.19 by $3.32. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $11.03 billion for the quarter. During the same period in the previous year, the company earned $1.22 EPS. The company's quarterly revenue was up 23.0% compared to the same quarter last year. Research analysts predict that Sandisk Corporation will post 210.92 EPS for the current year.

Sandisk declared that its board has approved a share repurchase program on Wednesday, August 5th that permits the company to buy back $14 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and adjusted earnings of $49.51 per share, exceeding consensus estimates of approximately $10.7 billion in revenue and $46-$47 per share in earnings. Earnings increased sharply from $1.22 per share a year earlier. Sandisk Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI infrastructure demand drove strong growth: data-center revenue rose 61% sequentially to $4.80 billion, while Edge revenue increased 7% to $5.83 billion. Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and non-GAAP diluted EPS of $55 to $57, signaling continued pricing power and demand for enterprise storage. Sandisk Data Center Revenue and Stock Split
• Positive Sentiment: The company announced an eight-for-one forward stock split effective November 19, 2026, which could improve share accessibility and liquidity. Sandisk also repurchased approximately $5 billion of stock during the quarter. Sandisk Reports Revenue, Net Income and Stock Split
• Neutral Sentiment: Long-term customer agreements totaling roughly $91.1 billion support visibility, but investors remain focused on whether Sandisk can sustain profitability through the typically cyclical NAND-memory market. Sandisk’s Surging Profits Face a Critical Test
• Negative Sentiment: Memory stocks came under pressure after weaker-than-expected Alphabet results and a sharp decline in Samsung Electronics shares revived concerns about technology spending and sector momentum. The pullback in peers such as Micron and SK Hynix weighed on Sandisk ahead of its results. Why Memory Stocks Fell
• Negative Sentiment: Despite the buybacks, diluted shares remained about 3% above the prior-year level. Separately, reported insider activity showed selling rather than purchases, potentially adding to investor caution after the stock’s substantial advance. Sandisk Revenue and Earnings Reaction

Insider Activity at Sandisk

In other news, CFO Luis Visoso sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their position. The sale was disclosed in a legal 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, 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 transaction, the insider directly owned 25,588 shares of the company's stock, valued at $44,393,644.72. The trade was a 2.29% 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 have sold 77,899 shares of company stock valued at $121,159,122 in the last ninety days. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SNDK shares. Sanford C. Bernstein restated an "outperform" rating and issued a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Cantor Fitzgerald reduced their price target on Sandisk from $2,900.00 to $2,200.00 and set an "overweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price target on the stock. Susquehanna lowered their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a "positive" rating on the stock in a research report on Thursday, August 6th. Finally, Raymond James Financial upped their price objective on shares of Sandisk from $1,470.00 to $2,000.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,093.73.

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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