434 Shares in Sandisk Corporation $SNDK Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, HoldingsChannel reports. The institutional investor acquired 434 shares of the data storage provider’s stock, valued at approximately $276,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp bought a new stake in Sandisk in the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk in the 3rd quarter worth about $297,293,000. Norges Bank bought a new position in Sandisk in the 4th quarter worth about $518,889,000. Bank of America Corp DE bought a new position in Sandisk in the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in Sandisk during the 3rd quarter valued at about $163,057,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk shares rallied after reports that Meta signed a multi-year NAND flash supply agreement, adding credibility to the company’s AI infrastructure growth story and signaling stronger demand for its storage products. SanDisk (SNDK) Shares Spike 10% on Multi-Year Meta Storage Partnership
• Positive Sentiment: Wedbush raised its price target on Sandisk to $2,000 from $1,200 ahead of fiscal Q4 results, reflecting expectations for strong earnings and sales driven by tight NAND supply and improving demand. SanDisk set for earnings upside as Wedbush lifts price target
• Positive Sentiment: Memory and storage stocks, including Sandisk, rebounded sharply after earlier weakness tied to Samsung-led sector selling, suggesting investors are buying the dip in the group. Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
• Neutral Sentiment: Sandisk announced it will report fiscal Q4 and full-year 2026 results on August 5 and hold an Investor Day on August 13, which keeps attention on upcoming execution and guidance but does not change fundamentals by itself. Sandisk to Report Fiscal Fourth Quarter and Fiscal Year 2026 Results on August 5, 2026; Announces Investor Day on August 13, 2026
• Negative Sentiment: Some articles warned that the memory sector remains volatile and that Chinese domestic memory makers could pressure established vendors like Sandisk over time, which may limit upside if the rally fades. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Sandisk Trading Up 7.6%

NASDAQ:SNDK opened at $1,858.27 on Friday. The company has a market cap of $275.19 billion, a PE ratio of 64.59 and a beta of 4.74. The company has a 50 day simple moving average of $1,709.27 and a two-hundred day simple moving average of $990.08. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate 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%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNDK shares. Evercore restated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Sanford C. Bernstein increased their price target on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Bank of America raised their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,684.24.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This 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 can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 in the last three months. 0.21% of the stock is owned by insiders.

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.