Patton Fund Management Inc. Buys 5,617 Shares of Sandisk Corporation $SNDK

Patton Fund Management Inc. grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 517.7% during the first quarter, HoldingsChannel reports. The firm owned 6,702 shares of the data storage provider’s stock after buying an additional 5,617 shares during the quarter. Sandisk accounts for about 0.7% of Patton Fund Management Inc.’s investment portfolio, making the stock its 24th largest holding. Patton Fund Management Inc.’s holdings in Sandisk were worth $4,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gunderson Capital Management LLC acquired a new position in Sandisk during the 1st quarter worth approximately $8,768,000. Janney Montgomery Scott LLC boosted its position in Sandisk by 45.8% in the first quarter. Janney Montgomery Scott LLC now owns 5,731 shares of the data storage provider’s stock valued at $3,642,000 after buying an additional 1,801 shares in the last quarter. J. L. Bainbridge & Co. Inc. acquired a new stake in Sandisk in the first quarter valued at approximately $238,000. Adams Diversified Equity Fund Inc. bought a new stake in shares of Sandisk during the first quarter worth $4,702,000. Finally, Cornerstone Wealth Group LLC bought a new stake in shares of Sandisk during the first quarter worth $143,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SNDK shares. Evercore reiterated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. KGI Securities started coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target on the stock. Wells Fargo & Company increased their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, Melius Research set a $2,350.00 target price on shares of Sandisk in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,603.29.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business’s 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 completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider directly owned 32,232 shares in the company, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,625 shares of company stock worth $8,913,497 over the last quarter. Company insiders own 0.21% of the company’s stock.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Sandisk Price Performance

Sandisk stock opened at $2,090.71 on Monday. The company has a market capitalization of $309.61 billion, a PE ratio of 72.67 and a beta of 4.88. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm’s fifty day moving average is $1,546.01 and its 200 day moving average is $885.72.

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

About Sandisk

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.