Sandisk Corporation $SNDK Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts cut its Sandisk stake by 33.1% in the second quarter, selling 2,194 shares and retaining 4,425 shares. Several other institutional investors, including Dimensional Fund Advisors and First Trust Advisors, initiated positions.
• Analysts remain broadly positive but divided: Sandisk has a “Moderate Buy” consensus rating and an average price target of $1,998.14, although Zacks downgraded the stock to Hold. AI-driven NAND demand and tight memory supply support the outlook, while the stock’s more than 600% year-to-date rally raises valuation and profit-taking concerns.
• Sandisk reported strong operating momentum, with quarterly EPS of $39.25 beating estimates and revenue rising 371.6% year over year to $8.96 billion. The board also authorized a $14 billion share-repurchase program, while insiders sold more than $14.8 million of stock in the past quarter under pre-arranged trading plans.

Integrated Wealth Concepts LLC reduced its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 33.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,425 shares of the data storage provider's stock after selling 2,194 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Sandisk were worth $10,062,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth $317,000. Merit Financial Group LLC bought a new position in Sandisk during the third quarter valued at about $408,000. Dimensional Fund Advisors LP acquired a new position in Sandisk during the third quarter worth about $100,080,000. First Trust Advisors LP acquired a new position in Sandisk during the third quarter worth about $9,788,000. Finally, Blair William & Co. IL bought a new stake in Sandisk in the third quarter worth about $591,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven NAND demand remains a long-term support. Analysts continue to point to strong data-center and artificial-intelligence infrastructure demand, tight memory supply and potentially higher NAND prices as reasons for optimism about Sandisk’s earnings and margins. Memory prices and Sandisk article
• Positive Sentiment: Citi maintained its Buy rating and $2,100 price target. The analyst cited strengthening AI-related NAND demand, leaving the target above the company’s current trading level. Citi Sandisk rating article
• Neutral Sentiment: Investors remain divided after an extraordinary rally. Sandisk has gained more than 600% year to date, creating substantial momentum but also raising questions about valuation, sustainability of margins and the risk of additional profit-taking. A Goldman Sachs view that the memory downturn may be easing provides sector support, although it has not prevented near-term volatility. Memory stocks outlook article
• Negative Sentiment: Macro conditions triggered a broad technology selloff. Higher oil prices intensified concerns that inflation could keep interest rates elevated, weighing particularly heavily on high-beta growth stocks such as SNDK and its memory-chip peers. Memory stocks falling article
• Negative Sentiment: Rating and insider-selling headlines added pressure. Zacks Research downgraded Sandisk from Strong Buy to Hold, while executives disclosed sales totaling millions of dollars. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their significance, but they may still reinforce profit-taking concerns. Sandisk insider trading article

Insiders Place Their Bets

In related news, insider Bernard Shek sold 2,308 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the sale, the insider directly owned 25,305 shares of the company's stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm's 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 owned 44,134 shares of the company's stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,220 shares of company stock worth $14,829,223 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNDK has been the subject of several research reports. Zacks Research lowered shares of Sandisk from a "strong-buy" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company increased their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Citigroup reduced their price objective on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, UBS Group restated an "overweight" rating and issued a $1,750.00 target price on shares of Sandisk in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,998.14.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,692.59 on Friday. The firm has a 50 day simple moving average of $1,520.00 and a 200 day simple moving average of $1,321.26. Sandisk Corporation has a 52 week low of $81.38 and a 52 week high of $2,354.39. The company has a market cap of $247.83 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

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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