Sandisk Can Now Buy Back $15.5 Billion of Its Own Stock. That's 8.6% of the Company.

SanDisk’s board approved an additional $14B share repurchase program on Aug. 5, taking total remaining buyback authorization to $15.5B. The incremental buyback reflects continued capital return support to shareholders and is likely to be modestly positive for the stock.

Analysis

SanDisk’s board approved an additional $14B share repurchase program on Aug. 5, taking total remaining buyback authorization to $15.5B. The incremental buyback reflects continued capital return support to shareholders and is likely to be modestly positive for the stock.