Assenagon Asset Management S.A. bought a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 621,849 shares of the data storage provider’s stock, valued at approximately $1,413,917,000. Sandisk accounts for approximately 1.8% of Assenagon Asset Management S.A.’s portfolio, making the stock its 9th largest position.
Several other institutional investors also recently bought and sold shares of SNDK. Dogwood Wealth Management LLC boosted its holdings 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 worth $109,000 after purchasing an additional 6 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after purchasing an additional 13 shares during the last quarter. Versant Capital Management Inc increased its stake in Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after purchasing an additional 13 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Sandisk during the second quarter worth about $34,000. Finally, Blair William & Co. IL lifted its position in Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after buying an additional 17 shares during the period.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Fiscal fourth-quarter results were exceptional. Sandisk reported adjusted EPS of $39.25, well above the roughly $33–$34 consensus, while revenue reached approximately $8.97 billion, up 371.6% year over year. Stronger pricing, higher volumes and data-center growth drove the results. SNDK Q4 Earnings Beat Estimates
- Positive Sentiment: AI data-center demand remains a major growth catalyst. Data-center revenue reportedly surged 437% during fiscal 2026. Analysts believe the shift toward AI inference, enterprise SSDs and higher-value storage could support sustained demand for Sandisk’s products. Sandisk and Western Digital Drag on Chip Stocks
- Positive Sentiment: Long-term contracts and capital returns strengthen the bullish case. Sandisk highlighted approximately $93.9 billion in contracted revenue, including $16.5 billion in AI-related guarantees, which could improve visibility and reduce exposure to NAND’s traditional boom-and-bust cycle. The company also authorized a $14 billion share repurchase program covering up to 6.6% of shares. SanDisk AI NAND Opportunity
- Neutral Sentiment: Analyst opinion is divided. Several firms continue to view SNDK as a Buy or Strong Buy, citing durable AI demand and valuation potential. However, Jefferies cut its price target to $1,750 from $3,000, while noting margin and NAND-pricing risks. Jefferies Cuts SanDisk Price Target
- Negative Sentiment: Forward revenue guidance fell short of elevated expectations. Sandisk projected fiscal first-quarter revenue of $10.3 billion to $10.8 billion, versus consensus near $10.8 billion and estimates as high as $11.16 billion. Investors interpreted the forecast as evidence that growth and pricing momentum may moderate.
- Negative Sentiment: Margin durability is the central concern. Although non-GAAP gross margin reached 84.6%, the company’s new business model may pressure margins initially. Investors also remain concerned about NAND oversupply, competition and whether recent price gains can continue. Sandisk Is Giving Up Some Margin for a Bigger Reward
Sandisk Trading Down 6.8%
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 96.94% and a net margin of 56.47%.The business’s revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk Corporation will post 185.89 EPS for the current fiscal year.
Sandisk announced that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In related news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. 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 quarter, insiders sold 6,246 shares of company stock valued at $9,993,292. 0.21% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have issued reports on the company. New Street Research set a $3,000.00 price target on Sandisk in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. UBS Group set a $1,700.00 price objective on shares of Sandisk in a report on Monday, May 4th. Evercore set a $2,800.00 target price on shares of Sandisk in a research report on Thursday. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $1,853.14.
View Our Latest Stock Report on Sandisk
Sandisk Company 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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