Sandisk (NASDAQ:SNDK) CFO Sells $1,568,830.00 in Stock

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) CFO Luis Felipe Visoso sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sandisk Stock Performance

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NASDAQ SNDK opened at $1,519.97 on Thursday. Sandisk Corporation has a one year low of $90.22 and a one year high of $2,354.39. The company has a 50-day simple moving average of $1,508.03 and a 200-day simple moving average of $1,346.94. The firm has a market capitalization of $222.55 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The company 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%.The business's revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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 208.92 earnings per share for the current year.

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• $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Sandisk declared that its Board of Directors has approved a share 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 stock through open market purchases. Stock buyback programs are generally 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: Analysts argue that Sandisk’s NAND bit supply contracts could improve earnings visibility and support structural margin expansion. Management’s targets of approximately 80% non-GAAP gross margins and 75% operating margins through fiscal 2028–2030 imply substantially higher normalized earnings power. Sandisk: The Market Is Still Underestimating Its New Earnings Power
• Positive Sentiment: AI infrastructure demand remains a key catalyst, as data centers and edge devices require increasing storage capacity. Investment commentary continues to identify Sandisk as an attractive way to participate in the expanding AI-related storage market. SandiskCorp. (SNDK): AI Boom Fuels Attractive Storage Market Opportunity
• Positive Sentiment: Sandisk has also attracted attention as a growth stock with potential upside, while its share-repurchase program may provide incremental support by reducing the number of shares outstanding. 3 Growth Stocks With 30%+ Upside to Buy This Week
• Neutral Sentiment: Memory-chip stocks, including Sandisk, have rebounded as some concerns about excessive AI spending eased. However, the move appears tied partly to sector-wide trading and changing investor sentiment rather than a new company-specific announcement. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
• Negative Sentiment: The main near-term headwind is a sharp reversal in AI-linked hardware shares after industry figures questioned the pace of frontier-model development. Sandisk’s high valuation makes it particularly sensitive to profit-taking and changes in AI-investment expectations. Nvidia, SanDisk, AMD Stocks Rebound
• Negative Sentiment: Competitive pressure from Micron and Seagate, along with debate over whether Sandisk’s valuation already reflects its AI-storage opportunity, could limit further gains. SNDK Capitalizes on AI Storage Growth

Wall Street Analyst Weigh In

• Sandisk’s Margins Look Like Software. Can They Last?

Several equities analysts have recently issued reports on SNDK shares. Argus raised shares of Sandisk from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Wedbush reiterated an "outperform" rating and issued a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Barclays raised shares of Sandisk from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Royal Bank Of Canada upped their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a research report on Friday, August 14th. Finally, New Street Research set a $3,000.00 price target on shares of Sandisk in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,998.14.

Get Our Latest Report on SNDK

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB raised its holdings in shares of Sandisk by 35.1% during the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock valued at $130,885,000 after acquiring an additional 14,964 shares during the period. Allworth Financial LP increased its holdings in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock valued at $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden acquired a new position in shares of Sandisk in the 4th quarter valued at about $7,821,000. ProShare Advisors LLC lifted its position in shares of Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock worth $7,985,000 after purchasing an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Sandisk in the fourth quarter worth approximately $422,000.

Sandisk Company Profile

(Get 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.

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