Sandisk Corporation $SNDK Stock Acquired by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group increased its Sandisk stake by 418.6% in the third quarter, bringing its holdings to 3,537 shares valued at approximately $6.16 million. Several other hedge funds also added to or initiated positions.
• Analysts remain broadly positive, with Sandisk carrying a “Moderate Buy” consensus rating and an average price target of $2,120.65, despite some firms lowering targets or taking a more cautious view.
• Sandisk reported strong quarterly results, including $39.25 in EPS and $8.96 billion in revenue, and authorized a $14 billion share-repurchase program. However, investors remain exposed to memory-price cyclicality, potential new Chinese competition and weakening AI-related demand.

CWA Asset Management Group LLC lifted its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 418.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,537 shares of the data storage provider's stock after buying an additional 2,855 shares during the quarter. CWA Asset Management Group LLC's holdings in Sandisk were worth $6,155,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Warwick Investment Management Inc. lifted its position in shares of Sandisk by 10.2% during the third quarter. Warwick Investment Management Inc. now owns 119 shares of the data storage provider's stock worth $207,000 after purchasing an additional 11 shares in the last quarter. Tanager Wealth Management LLP boosted its stake in shares of Sandisk by 12.4% in the third quarter. Tanager Wealth Management LLP now owns 163 shares of the data storage provider's stock valued at $284,000 after purchasing an additional 18 shares during the period. Fairvoy Private Wealth LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $228,000. Kercheville Advisors LLC grew its holdings in shares of Sandisk by 301.0% in the third quarter. Kercheville Advisors LLC now owns 1,965 shares of the data storage provider's stock valued at $3,419,000 after purchasing an additional 1,475 shares in the last quarter. Finally, OceanIQ Capital LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $271,000.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent research reports. Rosenblatt Securities initiated coverage on shares of Sandisk in a research note on Tuesday, September 22nd. They set a "buy" rating and a $2,400.00 target price on the stock. Weiss Ratings cut shares of Sandisk from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 14th. UBS Group reissued an "overweight" rating and issued a $1,750.00 price target on shares of Sandisk in a research report on Friday, August 14th. BNP Paribas Exane dropped their price target on shares of Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Finally, Wells Fargo & Company upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sandisk currently has an average rating of "Moderate Buy" and a consensus target price of $2,120.65.

Sandisk Price Performance

Sandisk stock opened at $1,371.12 on Tuesday. The stock has a market cap of $198.17 billion, a PE ratio of 18.89, a P/E/G ratio of 0.13 and a beta of 5.23. The stock's fifty day moving average is $1,606.27 and its two-hundred day moving average is $1,508.64. Sandisk Corporation has a 1-year low of $142.76 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business had revenue of $8.96 billion during the quarter. During the same period in the prior year, the company posted $0.29 earnings per share. The company'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. On average, research analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, CFO Luis Visoso sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares in the company, valued at $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares of the company's stock, valued at $67,991,957.72. This trade represents a 9.65% decrease in their ownership of the stock. 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 worth $121,159,122 in the last three months. 0.29% of the stock is owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks broadly recovered as fears about excessive AI spending eased. SanDisk was among the strongest performers, alongside Micron and SK Hynix, as investors bought the sector after its recent decline. Memory Stocks Rally as Tech Selloff Unwinds
• Positive Sentiment: Several reports characterized SanDisk as technically oversold after falling 27.5% over four weeks. Higher Wall Street earnings estimates and expectations for a trend reversal added to the rebound case. SanDisk Looks Ripe for a Turnaround
• Positive Sentiment: Zacks upgraded SNDK to Rank #1, or “Strong Buy,” citing improving earnings prospects. The upgrade may attract additional near-term buying interest. SanDisk Upgraded to Strong Buy
• Positive Sentiment: Investors are also focusing on Nvidia’s NVHBM technology, which could standardize high-bandwidth memory connections and support longer-term demand for memory suppliers. Why SanDisk Stock Shot Higher Today
• Neutral Sentiment: SanDisk’s strong cash generation and low forward-earnings valuation look attractive relative to some semiconductor peers, but the company’s earnings remain exposed to memory pricing and industry cyclicality.
• Negative Sentiment: China’s CXMT reported a memory-chip technology breakthrough, raising concerns that additional Chinese NAND supply could intensify competition, pressure prices and reduce SanDisk’s unusually strong recent profit margins. Micron and SanDisk Rebound While CXMT Slides
• Negative Sentiment: Analysts cautioned that recent profits were driven largely by higher memory prices, making the stock vulnerable if supply increases or the broader AI trade weakens. Investors are also watching the company’s October 29 event for further guidance.

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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