359 Shares in Sandisk Corporation $SNDK Bought by SMART Wealth LLC

SMART Wealth LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 359 shares of the data storage provider’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in shares of Sandisk in the 4th quarter valued at approximately $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new position in Sandisk during the fourth quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC raised its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Citigroup boosted their price target on Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Mizuho upped their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Cantor Fitzgerald raised their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, Melius Research set a $2,350.00 target price on Sandisk in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,684.24.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the transaction, the insider owned 32,232 shares in the company, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,625 shares of company stock worth $8,913,497 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and kept a Buy rating, citing tight NAND supply, stronger pricing, and demand that could remain elevated through 2027. Article Title
• Positive Sentiment: Bernstein also sharply boosted its outlook on Sandisk, with reports highlighting a much higher price target and confidence in the company’s contracts, earnings power, and the durability of the memory supercycle. Article Title
• Positive Sentiment: Analysts continue to point to Sandisk’s expanding QLC SSD portfolio, AI storage demand, and multi-year supply deals as support for longer-term growth. Article Title
• Neutral Sentiment: Several market commentary pieces noted that Sandisk has already run sharply higher this year, with some investors questioning whether valuations have gotten too stretched after the memory-stock rally. Article Title
• Neutral Sentiment: Sandisk’s recent earnings strength and bullish long-term guidance continue to support the stock, even as the market debates how much upside is already priced in.
• Negative Sentiment: Sandisk fell along with other memory-chip stocks in a broad semiconductor selloff, with investors locking in profits after a strong first half for the sector. Article Title
• Negative Sentiment: Reports also said a new class-action lawsuit against major memory chipmakers added pressure to the shares, reinforcing concerns about risk in the sector. Article Title

Sandisk Stock Down 10.6%

Shares of SNDK stock opened at $2,032.22 on Thursday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The stock’s fifty day simple moving average is $1,618.07 and its 200 day simple moving average is $925.59. The firm has a market capitalization of $300.95 billion, a P/E ratio of 70.64 and a beta of 4.72.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts expect that Sandisk Corporation will post 64.01 EPS for the current fiscal 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.