Sandisk Corporation $SNDK Stock Holdings Lowered by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors cut its Sandisk stake by 33.9% during the third quarter, selling 1,253 shares and retaining 2,445 shares valued at approximately $4.25 million.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $2,120.65, although targets range widely and Susquehanna recently lowered its target to $2,745.
• Sandisk reported strong operating momentum, including $39.25 in quarterly EPS, $8.96 billion in revenue and 371.6% year-over-year revenue growth; its board also authorized a $14 billion share-repurchase program. However, the stock remains highly volatile, and analysts cite a potential slowdown in AI infrastructure spending as a key risk.

Prime Capital Investment Advisors LLC decreased its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,445 shares of the data storage provider's stock after selling 1,253 shares during the period. Prime Capital Investment Advisors LLC's holdings in Sandisk were worth $4,254,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have issued reports on SNDK shares. China Renaissance increased their price objective on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Evercore reissued 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. Arete Research boosted their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Jefferies Financial Group restated a "buy" rating and issued a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Finally, Susquehanna lowered their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a "positive" rating for the company in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Sandisk has an average rating of "Moderate Buy" and an average price target of $2,120.65.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand supported a sector rebound. Comments from SpaceX’s earnings call about the company rapidly expanding AI computing capacity helped revive optimism around semiconductor and memory demand, lifting SanDisk alongside Nvidia and Intel. Elon Musk May Have Ended the October AI Crash as NVIDIA, Intel, and SanDisk Rally after One SpaceX Quote
• Positive Sentiment: Mizuho recommended buying the weakness. The brokerage’s favorable view provided support despite intraday fluctuations, suggesting analysts see the recent pullback as an opportunity rather than evidence that SanDisk’s growth outlook has materially deteriorated. SanDisk Stock Fluctuates: What's Going On?
• Positive Sentiment: SanDisk benefited from a broader memory-chip rally. Micron, SanDisk and SK Hynix all moved higher in premarket trading, indicating that investor demand for AI-related memory exposure remains an important near-term catalyst. Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today
• Neutral Sentiment: Investors are positioning ahead of SanDisk’s October 29 quarterly update. Preview coverage and bullish investor commentary are keeping attention on whether results and guidance can validate the company’s substantial earnings growth and AI-driven demand expectations. Sandisk Q1 Preview: Here's What Is Coming On October 29
• Negative Sentiment: Concerns about an AI-spending slowdown remain the main risk. A selloff in Seoul and warnings that reduced data-center capacity could sharply affect SanDisk and Western Digital renewed fears that current profits may be unusually dependent on continued AI infrastructure investment. Cramer Warns SanDisk and Western Digital Are Worst Stocks if Data Center Capacity Shrinks

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,378.22 on Thursday. Sandisk Corporation has a one year low of $144.82 and a one year high of $2,354.39. The business's 50-day simple moving average is $1,608.84 and its 200 day simple moving average is $1,518.14. The stock has a market cap of $199.19 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 87.84% and a net margin of 56.47%. The firm had revenue of $8.96 billion during the quarter. During the same period in the prior year, the company posted $0.29 EPS. 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 research analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its board has initiated a stock repurchase plan on Wednesday, August 5th that authorizes the company to buy back $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Share repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the transaction, the chief executive officer directly owned 382,865 shares of the company's stock, valued at $602,709,911.65. This represents a 8.12% decrease in their position. The sale 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, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider owned 25,588 shares of the company's stock, valued at approximately $44,393,644.72. This trade represents a 2.29% 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. Insiders have sold 77,899 shares of company stock valued at $121,159,122 over the last 90 days. 0.29% 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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