Sandisk Corporation $SNDK Shares Sold by Private Management Group Inc.

Key Points

• Private Management Group cut its Sandisk stake by 43.2% in the second quarter, selling 866 shares and retaining 1,137 shares valued at approximately $2.6 million. Several smaller funds, meanwhile, established new positions.
• Sandisk reported strong quarterly results, with EPS of $39.25 beating estimates of $33.28 and revenue rising 371.6% year over year to $8.96 billion. The board also authorized a $14 billion share-repurchase program, covering up to 6.6% of outstanding shares.
• Analysts remain broadly bullish, with a consensus “Buy” rating and $1,998.14 price target, but the stock’s sharp rally, insider selling and elevated valuation leave it vulnerable to profit-taking and changing memory-market or trade-policy conditions.

Private Management Group Inc. trimmed its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 43.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,137 shares of the data storage provider's stock after selling 866 shares during the quarter. Private Management Group Inc.'s holdings in Sandisk were worth $2,585,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the 1st quarter worth about $25,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter worth about $27,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter valued at approximately $29,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Sandisk in the second quarter valued at approximately $30,000.

Sandisk Trading Up 0.0%

Shares of NASDAQ:SNDK opened at $1,484.98 on Friday. The company has a 50 day moving average of $1,595.87 and a 200-day moving average of $1,250.36. The firm has a market cap of $217.43 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a twelve month low of $50.07 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts' consensus estimates 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 earned $0.29 EPS. Sandisk's revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current year.

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

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of the business's stock in a transaction on 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 sale, the insider owned 30,915 shares of the company's stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,800 shares of company stock valued at $6,504,856 over the last 90 days. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SNDK has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Wedbush restated an "outperform" rating and issued a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. UBS Group reiterated an "overweight" rating and set a $1,750.00 price target on shares of Sandisk in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. began coverage on Sandisk in a research note on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Sandisk currently has an average rating of "Buy" and a consensus target price of $1,998.14.

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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