Sigma Planning Corp Purchases New Position in Sandisk Corporation $SNDK

Sigma Planning Corp acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 670 shares of the data storage provider’s stock, valued at approximately $426,000.

A number of other hedge funds have also bought and sold shares of SNDK. GHP Investment Advisors Inc. lifted its position in shares of Sandisk by 12.0% during the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after acquiring an additional 13 shares in the last quarter. Blair William & Co. IL grew its position in shares of Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after purchasing an additional 37 shares during the period. Composition Wealth LLC raised its stake in shares of Sandisk by 0.4% during the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after purchasing an additional 41 shares during the period. Finally, Westfuller Advisors LLC lifted its holdings in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Insider Activity at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction that occurred 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 sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Up 2.7%

Shares of NASDAQ SNDK opened at $1,390.95 on Tuesday. The firm has a market capitalization of $205.99 billion, a P/E ratio of 48.35 and a beta of 4.74. The stock’s 50-day simple moving average is $1,743.12 and its two-hundred day simple moving average is $1,056.26. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39.

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 firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SNDK shares. Evercore set a $3,100.00 target price on Sandisk in a research note on Monday, July 13th. Citigroup upped their price target on Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Susquehanna increased their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Cantor Fitzgerald raised their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price objective 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 five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,803.29.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

Sandisk Company 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.