Sandisk Corporation $SNDK Stock: Focus Financial Network Inc. Boosts Holdings

Key Points

• Focus Financial Network increased its Sandisk stake by 42.4% in the third quarter, bringing its holdings to 27,785 shares valued at approximately $48.3 million. Several other major institutions also expanded positions or initiated stakes.
• Analyst sentiment remains positive overall: Sandisk has a “Moderate Buy” consensus rating and an average price target of $2,120.65, although targets range widely and some analysts maintain more cautious ratings.
• Sandisk reported quarterly EPS of $39.25, exceeding estimates, while revenue rose 371.6% year over year. The company also authorized a $14 billion share repurchase program, but insider selling and concerns about memory-cycle sustainability remain risks.

Focus Financial Network Inc. increased its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 42.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,785 shares of the data storage provider's stock after acquiring an additional 8,277 shares during the period. Sandisk makes up about 1.5% of Focus Financial Network Inc.'s investment portfolio, making the stock its 11th biggest position. Focus Financial Network Inc.'s holdings in Sandisk were worth $48,343,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Sandisk during the second quarter worth $23,408,732,000. Situational Awareness LP increased its position in shares of Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider's stock valued at $5,673,739,000 after buying an additional 743,325 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Sandisk by 71.2% in the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider's stock valued at $2,425,811,000 after buying an additional 443,714 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sandisk by 57.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider's stock worth $1,652,370,000 after buying an additional 264,935 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sandisk during the 2nd quarter worth $1,621,353,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of 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. Cantor Fitzgerald restated an "overweight" rating and set a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a report on Monday, August 10th. Argus upgraded shares of Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 target price for the company in a report on Monday, August 10th. Zacks Research cut shares of Sandisk from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Finally, Evercore restated an "outperform" rating and set a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,120.65.

Sandisk Stock Performance

Sandisk stock opened at $1,482.33 on Wednesday. Sandisk Corporation has a fifty-two week low of $120.96 and a fifty-two week high of $2,354.39. The company has a market capitalization of $214.24 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.15 and a beta of 5.23. The stock has a fifty day moving average of $1,598.08 and a two-hundred day moving average of $1,487.22.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The firm's revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

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

Insider Activity

In other news, CEO David Goeckeler sold 33,841 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares of the company's stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 77,899 shares of company stock worth $121,159,122. Company insiders own 0.29% of the company's stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Credit-rating upgrade supports the balance sheet. S&P Global upgraded SanDisk to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. The upgrade could reduce financing costs and reinforce confidence in the company’s financial position. SanDisk Stock Upgraded to BBB by S&P Global
• Positive Sentiment: Bullish long-term views remain intact. Nicholas Mugalli sees SNDK reaching $3,000 over two years, arguing that projected earnings could leave the stock trading below nine times earnings at that price. Other coverage continues to identify SanDisk as an attractive AI-storage and NAND beneficiary. SanDisk Has More Upside
• Positive Sentiment: Some analysts view the selloff as premature. A Seeking Alpha analysis maintains a Buy view, citing robust NAND pricing, contracts worth approximately $93.9 billion and $16.5 billion in financial guarantees. SanDisk also received recognition for an AI-storage NAND breakthrough. SanDisk: The First Crack in the Memory Supercycle
• Neutral Sentiment: Upcoming earnings are a key near-term test. SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. Management previously guided to $10.3 billion-$10.8 billion in revenue and $44-$46 in non-GAAP EPS, making pricing, margins and demand trends central to the next market reaction. SanDisk Pre-Earnings Analysis
• Negative Sentiment: China competition is the dominant selloff catalyst. Reports that CXMT plans to target high-end server memory have triggered a broad decline across memory stocks, including SanDisk, even though SanDisk does not manufacture DRAM. Investors fear the development could eventually intensify competition across the broader memory ecosystem. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: Valuation and cycle concerns are magnifying volatility. Investors are questioning whether recent earnings and cash-flow strength, which benefited substantially from higher NAND prices, can persist. AI-funding worries, sector-wide risk reduction and reported insider selling are adding to the cautious tone. Micron and SanDisk Look Cheaper by the Day

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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