Three Seasons Wealth LLC grew its holdings in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 141.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,383 shares of the data storage provider’s stock after purchasing an additional 1,397 shares during the quarter. Sandisk makes up 0.5% of Three Seasons Wealth LLC’s holdings, making the stock its 17th biggest holding. Three Seasons Wealth LLC’s holdings in Sandisk were worth $5,418,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Sandisk during the 2nd quarter worth approximately $23,408,732,000. State Street Corp grew its stake in shares of Sandisk by 20.7% in the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after acquiring an additional 904,933 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after acquiring an additional 828,332 shares during the period. Finally, Morgan Stanley increased its position in shares of Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock worth $705,105,000 after acquiring an additional 199,545 shares during the period.
Sandisk Trading Up 11.9%
SNDK stock opened at $1,740.00 on Friday. The company’s 50 day moving average is $1,543.33 and its two-hundred day moving average is $1,285.12. Sandisk Corporation has a twelve month low of $63.74 and a twelve month high of $2,354.39. The stock has a market cap of $254.77 billion, a P/E ratio of 23.87, a PEG ratio of 0.15 and a beta of 5.17.
Sandisk announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Trending Headlines about Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
- Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
- Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
- Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
- Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns
Insider Buying and Selling
In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the sale, the insider owned 29,884 shares in the company, valued at $45,591,030.40. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,800 shares of company stock valued at $2,865,456. 0.21% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Evercore reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Susquehanna cut their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,900.00 price target on shares of Sandisk in a research report on Monday, August 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,998.14.
Read Our Latest Research 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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