Chapin Davis Inc. Buys 8,858 Shares of Sandisk Corporation $SNDK

Posted by Francis Steltz on Aug 6th, 2026

Chapin Davis Inc. grew its stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 2,036.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,293 shares of the data storage provider’s stock after buying an additional 8,858 shares during the quarter. Sandisk makes up 3.7% of Chapin Davis Inc.’s holdings, making the stock its 4th biggest holding. Chapin Davis Inc.’s holdings in Sandisk were worth $21,130,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SNDK. Allworth Financial LP increased its position in Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden acquired a new position in shares of Sandisk during the fourth quarter worth $7,821,000. ProShare Advisors LLC lifted its holdings in shares of Sandisk by 1,301.5% during the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC bought a new stake in shares of Sandisk in the fourth quarter worth $422,000. Finally, North Dakota State Investment Board bought a new stake in shares of Sandisk in the fourth quarter worth $1,127,000.

Sandisk Trading Down 5.4%

Shares of Sandisk stock opened at $1,350.50 on Thursday. The business has a 50-day moving average price of $1,717.30 and a two-hundred day moving average price of $1,141.98. Sandisk Corporation has a 1-year low of $40.53 and a 1-year high of $2,354.39. The company has a market cap of $200.00 billion, a P/E ratio of 46.94 and a beta of 5.20.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $8.96 billion for the quarter. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’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. Equities research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a stock buyback plan 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. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Strong fiscal Q4 results. Sandisk reported adjusted earnings of $39.25 per share, well above the $33.28–$34.24 consensus range, while revenue reached approximately $8.97 billion, up 371.6% year over year. Net income was about $6.9 billion, supported by stronger NAND pricing, higher volumes and margin expansion. Sandisk Corporation Beats Q4 Earnings and Revenue Estimates
Positive Sentiment: AI data-center demand remains a major growth driver. Sandisk said demand for memory and storage used in AI infrastructure is strengthening. Data-center revenue reportedly surged during fiscal 2026, while new customer agreements and enterprise SSD demand support the company’s longer-term growth outlook. Sandisk Forecasts Upbeat Quarterly Revenue on AI-Driven Demand
Positive Sentiment: Capital returns were increased. Sandisk expanded its share-repurchase authorization by $14 billion, potentially providing support for the stock and signaling management’s confidence in future cash generation. Sandisk Stock Slides Despite Revenue Surge and Buyback
Neutral Sentiment: Q1 fiscal 2027 guidance was mixed. Sandisk forecast earnings of $44–$46 per share, above the approximately $41.45 consensus estimate. Revenue guidance of $10.3–$10.8 billion brackets the roughly $10.4 billion consensus, with the midpoint implying continued growth but the low end falling short of expectations. Sandisk Slips as Mixed Guidance Overshadows Strong Q4 Results
Negative Sentiment: Investors may be questioning whether the growth and margin surge can last. Concerns include NAND pricing volatility, potential oversupply, competition from Chinese producers and the possibility that elevated expectations were not fully reflected in the revenue outlook. These concerns outweighed the strong quarterly beat in the immediate market reaction. Sandisk This Insane Growth May Not Be Good Enough

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Wells Fargo & Company increased their price target on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, Sanford C. Bernstein lifted their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

Read Our Latest Analysis on Sandisk

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,825 shares of company stock valued at $10,863,593 in the last ninety days. 0.21% of the stock is owned by corporate insiders.

Sandisk Profile

(Free Report)

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.