Sandisk Corporation $SNDK Shares Sold by Pinnacle Wealth Planning Services Inc.

Posted by George Bondi on Oct 29th, 2026

Pinnacle Wealth Planning Services Inc. lowered its position in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 45.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 516 shares of the data storage provider’s stock after selling 437 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Sandisk were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Sandisk during the second quarter worth about $23,408,732,000. Situational Awareness LP increased its position in Sandisk by 42.4% during the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after purchasing an additional 743,325 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Sandisk during the 2nd quarter worth approximately $1,621,353,000. Bank of America Corp DE purchased a new position in Sandisk in the second quarter valued at approximately $1,564,901,000. Finally, Assenagon Asset Management S.A. purchased a new position in Sandisk in the second quarter valued at approximately $1,413,917,000.

Sandisk Stock Up 7.7%

NASDAQ SNDK opened at $1,404.77 on Thursday. The stock has a market cap of $203.03 billion, a PE ratio of 19.27, a P/E/G ratio of 0.12 and a beta of 5.23. Sandisk Corporation has a fifty-two week low of $181.51 and a fifty-two week high of $2,354.39. The business has a 50 day moving average price of $1,571.68 and a two-hundred day moving average price of $1,242.27.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14 billion in shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Strong memory-market read-through: Competitor SK Hynix reported a 632% year-over-year profit surge and pointed to sustained demand for memory chips through 2030. The results helped lift the broader memory group, including Sandisk. SK Hynix results and Sandisk impact
Positive Sentiment: AI and data-center demand could support results: Analysts expect fiscal Q1 revenue to benefit from AI-driven data-center storage, expanding enterprise SSD demand, rising edge-storage requirements and favorable NAND pricing. Management previously projected approximately 18% sequential revenue growth at the midpoint. Sandisk data-center and edge-storage outlook
Positive Sentiment: Expectations for another earnings beat: Sandisk has a strong earnings-surprise record, and Zacks says its earnings estimate revisions and operating outlook currently favor a potential beat. Wedbush also maintained a Buy view ahead of the report. Sandisk earnings estimate outlook
Neutral Sentiment: Investors are weighing a possible bottom: Although SNDK has fallen substantially over the past month and remains well below its high, the latest rebound has prompted speculation that the selloff may be ending. Confirmation will likely depend on Thursday’s results and forward guidance. Sandisk potential bottom analysis
Negative Sentiment: Valuation and demand risks remain: Cantor Fitzgerald issued a pessimistic forecast, while analysts caution that consumer storage demand is weakening, Sandisk trades at a premium to some peers and substantial capital-expenditure and free-cash-flow requirements could limit upside. Sandisk supply and valuation risks

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target on the stock. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price on the stock in a research note on Monday, August 10th. Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. BNP Paribas Exane decreased their price target on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,093.73.

Check Out Our Latest Report on Sandisk

Insider Activity

In other news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is currently owned by company insiders.

About Sandisk

(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.