Alamar Capital Management LLC Invests $10.60 Million in Sandisk Corporation $SNDK

Alamar Capital Management LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, Holdings Channel reports. The firm acquired 16,683 shares of the data storage provider’s stock, valued at approximately $10,599,000. Sandisk accounts for about 6.5% of Alamar Capital Management LLC’s holdings, making the stock its 2nd largest holding.

A number of other institutional investors also recently added to or reduced their stakes in SNDK. GHP Investment Advisors Inc. grew 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. Blair William & Co. IL boosted its holdings in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk in the 1st quarter worth approximately $25,000. Finally, Composition Wealth LLC grew its position in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after buying an additional 41 shares during the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Reports say memory prices are still surging, which supports expectations for stronger revenue and margins at Sandisk. Memory Prices Are Still Skyrocketing. Is the Next Rally for Micron, Sandisk, and SK Hynix Just Beginning?
• Positive Sentiment: Analysts and market commentators continue to highlight Sandisk as a beneficiary of AI-related NAND demand, enterprise SSD growth, and favorable pricing dynamics. Sandisk Trades at 8.3X Discounted P/E: Time to Buy the Stock?
• Positive Sentiment: UBS and other strategists said the recent selloff in AI and semiconductor names may be nearing exhaustion, which could help sentiment rebound further in Sandisk. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why
• Positive Sentiment: Tuesday’s memory-stock rally and Morgan Stanley’s forecast for another big jump in memory prices reinforced the bullish setup for SNDK. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Neutral Sentiment: Some coverage noted that the stock also saw profit-taking and broader market weakness at times, which can create short-term volatility even within the stronger trend. Why Is Sandisk Stock Falling on Wednesday?

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wedbush lifted their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price objective on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,820.90.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider directly owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% 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. Insiders sold 6,225 shares of company stock valued at $10,166,297 over the last three months. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Up 0.6%

SNDK stock opened at $1,599.27 on Thursday. The stock has a market capitalization of $236.84 billion, a PE ratio of 55.59 and a beta of 4.74. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The firm has a 50 day moving average of $1,748.90 and a 200 day moving average of $1,075.37.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current year.

Sandisk 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.