12,460 Shares in Sandisk Corporation $SNDK Purchased by Commerce Bank

Posted by Brian Himes on Aug 23rd, 2026

Commerce Bank acquired a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 12,460 shares of the data storage provider’s stock, valued at approximately $28,331,000.

Several other large investors have also modified their holdings of SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter worth approximately $317,000. Merit Financial Group LLC bought a new stake in shares of Sandisk during the 3rd quarter worth approximately $408,000. Dimensional Fund Advisors LP purchased a new position in Sandisk during the 3rd quarter valued at $100,080,000. First Trust Advisors LP purchased a new position in Sandisk during the 3rd quarter valued at $9,788,000. Finally, Blair William & Co. IL purchased a new position in Sandisk during the 3rd quarter valued at $591,000.

Sandisk Stock Down 0.3%

Shares of NASDAQ:SNDK opened at $1,596.08 on Friday. The business’s 50 day moving average is $1,655.56 and its 200 day moving average is $1,220.12. The stock has a market cap of $233.70 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a 52-week low of $45.63 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share 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 business had revenue of $8.96 billion during the quarter. During the same period last year, the firm earned $0.29 earnings per share. 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, sell-side analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Insider Buying and Selling at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s 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 sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the 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 transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,800 shares of company stock worth $6,504,856. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. UBS Group restated an “overweight” rating and issued a $1,750.00 price target on shares of Sandisk in a report on Friday, August 14th. Finally, Bank of America raised their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. 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 stock. According to MarketBeat.com, Sandisk currently has an average rating of “Buy” and a consensus price target of $1,999.27.

Get Our Latest Research Report on Sandisk

Sandisk Company 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.