Tejara Capital Ltd Takes $2.16 Million Position in Sandisk Corporation $SNDK

Key Points

• Tejara Capital established a new Sandisk position of 950 shares valued at approximately $2.16 million in the second quarter, while several major institutions—including BlackRock, State Street and Geode—also increased or initiated holdings.
• Sandisk reported quarterly EPS of $39.25, beating estimates of $33.28, with revenue up 371.6% year over year to $8.96 billion. The board also authorized a $14 billion share-repurchase plan, covering up to 6.6% of outstanding shares.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $1,999.27 target price, but investors face risks from high volatility, insider selling and concerns that record revenue growth has been heavily driven by NAND pricing.

Tejara Capital Ltd purchased a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 950 shares of the data storage provider's stock, valued at approximately $2,160,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SNDK. BlackRock Inc. bought a new position in Sandisk during the second quarter valued at $23,408,732,000. State Street Corp boosted its stake in shares of Sandisk by 20.7% during the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock worth $1,253,728,000 after purchasing an additional 904,933 shares during the period. Geode Capital Management LLC grew its holdings in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock valued at $866,310,000 after purchasing an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Sandisk by 31.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock valued at $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Finally, Morgan Stanley raised its position in Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock worth $705,105,000 after purchasing an additional 199,545 shares during the period.

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of Sandisk 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 transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the executive vice president directly owned 52,677 shares of the company's stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,800 shares of company stock valued at $6,504,856 in the last three months. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on SNDK shares. Citigroup dropped their target price on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Evercore reissued an "outperform" rating on shares of Sandisk in a research note on Thursday, August 13th. Susquehanna reduced their target price on Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating on the stock in a research note on Thursday, July 23rd. Raymond James Financial reissued an "outperform" rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Sandisk in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Sandisk has a consensus rating of "Buy" and a consensus target price of $1,999.27.

Sandisk Price Performance

SNDK stock opened at $1,600.62 on Friday. Sandisk Corporation has a 1-year low of $43.56 and a 1-year high of $2,354.39. The business has a 50-day moving average price of $1,663.24 and a 200 day moving average price of $1,217.48. The company has a market capitalization of $234.36 billion, a P/E ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the firm posted $0.29 EPS. The company's revenue for the quarter 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, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its board has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
• Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
• Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
• Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
• Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
• Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
• Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
• Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

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.

Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source