Sandisk Corporation $SNDK Shares Sold by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. reduced its Sandisk stake by 6.8% in the third quarter, selling 635 shares and retaining 8,658 shares valued at approximately $15.1 million. Other institutional investors generally increased their positions.
• Sandisk reported strong quarterly results, with earnings of $39.25 per share exceeding estimates and revenue rising 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $2,120.65, though the stock’s sharp rally, elevated valuation and concerns about memory pricing and AI-demand expectations have increased downside risks.

Chapin Davis Inc. cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,658 shares of the data storage provider's stock after selling 635 shares during the period. Sandisk makes up about 3.0% of Chapin Davis Inc.'s investment portfolio, making the stock its 5th largest holding. Chapin Davis Inc.'s holdings in Sandisk were worth $15,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its stake in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider's stock worth $109,000 after acquiring an additional 6 shares during the period. Nilsine Partners LLC raised its stake in shares of Sandisk by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock worth $514,000 after buying an additional 7 shares in the last quarter. Insight Wealth Partners LLC lifted its holdings in shares of Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider's stock valued at $3,654,000 after buying an additional 7 shares during the period. Cornerstone Financial Management LLC boosted its stake in Sandisk by 60.0% during the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock valued at $55,000 after buying an additional 9 shares in the last quarter. Finally, LifeGoal Investments LLC boosted its stake in Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider's stock valued at $421,000 after buying an additional 9 shares in the last quarter.

Sandisk Stock Performance

SNDK stock opened at $1,609.46 on Friday. The firm has a 50 day simple moving average of $1,585.66 and a 200 day simple moving average of $1,469.83. Sandisk Corporation has a 52 week low of $116.17 and a 52 week high of $2,354.39. The stock has a market cap of $232.62 billion, a P/E ratio of 22.08, a P/E/G ratio of 0.17 and a beta of 5.23.

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 for the quarter, topping 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 company had revenue of $8.96 billion during the quarter. During the same period last year, the business earned $0.29 earnings per share. The firm'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 208.94 EPS for the current year.

Sandisk declared that its Board of Directors has approved a share repurchase program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand
• Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year
• Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync
• Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
• Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling

Wall Street Analyst Weigh In

Several analysts recently commented on SNDK shares. The Goldman Sachs Group reissued a "buy" rating and set a $2,200.00 target price (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. Rosenblatt Securities assumed coverage on Sandisk in a report on Tuesday, September 22nd. They issued a "buy" rating and a $2,400.00 price target on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Argus raised Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 price objective for the company in a research note on Monday, August 10th. Finally, Mizuho lifted their target price on Sandisk from $1,875.00 to $2,050.00 and gave the stock an "outperform" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sandisk has an average rating of "Moderate Buy" and a consensus target price of $2,120.65.

Insiders Place Their Bets

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the firm's stock in a transaction 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 sale, the chief financial officer directly owned 130,976 shares in the company, valued at $205,479,078.08. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Sandisk stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This trade represents a 9.65% 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 ninety days, insiders sold 77,899 shares of company stock valued at $121,159,122. 0.21% of the stock is owned by company insiders.

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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