Transamerica Financial Advisors LLC Purchases New Holdings in Sandisk Corporation $SNDK

Key Points

• Transamerica Financial Advisors acquired 3,233 Sandisk shares during the second quarter, valued at approximately $7.35 million. Several other institutional investors also increased their positions.
• Sandisk reported quarterly EPS of $39.25, beating estimates by $5.97, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share buyback, covering up to 6.6% of outstanding shares.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,998.14, though insiders have sold shares recently and competition from China’s YMTC could pressure future NAND pricing.

Transamerica Financial Advisors LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,233 shares of the data storage provider's stock, valued at approximately $7,351,000.

Several other institutional investors have also added to or reduced their stakes in SNDK. Dogwood Wealth Management LLC boosted its position in shares of Sandisk by 14.3% during the second 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. Castle Rock Wealth Management LLC raised its holdings in shares of Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider's stock worth $969,000 after buying an additional 10 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in shares of Sandisk by 1.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider's stock worth $1,755,000 after acquiring an additional 12 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Sandisk by 12.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider's stock valued at $77,000 after acquiring an additional 13 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Sandisk by 2.5% during the 2nd quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider's stock valued at $1,198,000 after acquiring an additional 13 shares during the period.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider owned 30,915 shares of the company's stock, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Sandisk stock in a transaction dated Monday, June 1st. The shares were 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 owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by corporate insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI and NAND-cycle optimism: Investor sentiment improved after reports that demand for AI infrastructure is boosting high-capacity storage, while tighter NAND supply could support pricing and margins. This has helped Sandisk maintain strong momentum after its sharp one-year advance. SanDisk Stock Climbs As NAND Optimism Lifts Memory Stocks
• Positive Sentiment: Capital-return plans attract attention: Jim Cramer highlighted Sandisk’s substantial share-buyback plans, which may support earnings per share and signal management confidence following the stock’s surge. Jim Cramer Highlights Sandisk’s Massive Buybacks
• Positive Sentiment: Wall Street remains constructive: Mizuho reduced its price target modestly to $1,875 but retained an “outperform” rating, implying considerable upside from the reference price. Other recent commentary also points to Sandisk’s momentum and potential margin expansion. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Volatile sector trading: Sandisk and other memory stocks rebounded after a broad sell-off, but the group also faced renewed pre-market weakness as investors reassessed valuation and near-term memory pricing. The mixed trading indicates that sentiment remains highly sensitive to sector news. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Chinese competition is a longer-term risk: Yangtze Memory Technologies is targeting greater NAND market share by 2027, potentially increasing pricing pressure and challenging established suppliers such as Sandisk. YMTC Targets NAND Dominance

Sandisk Stock Up 1.3%

Shares of SNDK stock opened at $1,499.37 on Thursday. The company's 50 day moving average is $1,623.86 and its 200 day moving average is $1,242.46. The firm has a market cap of $219.54 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a 52-week low of $47.40 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results 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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business had revenue of $8.96 billion for the quarter. During the same period last year, the business posted $0.29 EPS. The firm'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. Analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its board has approved a share buyback plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

SNDK has been the topic of a number of recent analyst reports. Weiss Ratings lowered Sandisk from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 14th. Argus raised shares of Sandisk from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. Raymond James Financial reiterated an "outperform" rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. The Goldman Sachs Group restated a "buy" rating and issued a $2,200.00 target price on shares of Sandisk in a research note on Thursday, August 13th. Finally, Morgan Stanley boosted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,998.14.

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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