Navellier & Associates Inc. Buys 399 Shares of Sandisk Corporation $SNDK

Posted by George Bondi on Aug 29th, 2026

Navellier & Associates Inc. raised its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,363 shares of the data storage provider’s stock after acquiring an additional 399 shares during the quarter. Navellier & Associates Inc.’s holdings in Sandisk were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. bought a new stake in shares of Sandisk in the 1st quarter worth approximately $25,000. Greenline Wealth Management LLC purchased a new position in Sandisk in the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk during the fourth quarter valued at $27,000. IMG Wealth Management Inc. bought a new position in Sandisk during the first quarter valued at $29,000. Finally, Parallel Advisors LLC purchased a new stake in Sandisk in the third quarter worth $30,000.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’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 directly owned 30,915 shares in the company, valued at $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 in the last three months. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

Shares of SNDK stock opened at $1,484.98 on Friday. The stock has a market capitalization of $217.43 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20. The company’s fifty day simple moving average is $1,595.87 and its two-hundred day simple moving average is $1,250.36. Sandisk Corporation has a 1 year low of $50.07 and a 1 year high of $2,354.39.

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, topping analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s revenue was up 371.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has authorized a share buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on SNDK shares. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. Morgan Stanley lifted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Melius Research set a $2,350.00 price objective on Sandisk in a research note on Monday, May 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Finally, Mizuho dropped their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday. Three investment 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, Sandisk currently has an average rating of “Buy” and a consensus price target of $1,998.14.

View Our Latest Research Report on Sandisk

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

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.