United Capital Financial Advisors LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,836 shares of the data storage provider’s stock, valued at approximately $8,722,000.
Other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in Sandisk during the 1st quarter worth approximately $25,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk in the 4th quarter valued at approximately $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the 4th quarter valued at approximately $27,000. IMG Wealth Management Inc. purchased a new stake in shares of Sandisk in the first quarter valued at approximately $29,000. Finally, Dunhill Financial LLC purchased a new stake in shares of Sandisk in the second quarter valued at approximately $30,000.
Sandisk Price Performance
Shares of NASDAQ:SNDK opened at $1,484.95 on Friday. The firm has a market capitalization of $217.43 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. The business’s 50 day simple moving average is $1,609.87 and its 200-day simple moving average is $1,248.71. Sandisk Corporation has a 12 month low of $48.56 and a 12 month high of $2,354.39.
Sandisk declared that its board has authorized a stock buyback plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
- Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
- Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
- Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
- Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
- Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report
Insider Buying and Selling at Sandisk
In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the company’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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,800 shares of company stock worth $6,504,856 in the last three months. 0.21% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Weiss Ratings lowered shares of Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Finally, Susquehanna cut their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.
View Our Latest Stock Report on SNDK
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.
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