Sandisk Corporation $SNDK Shares Sold by Essential Partners LLC

Essential Partners LLC cut its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 47.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 841 shares of the data storage provider’s stock after selling 773 shares during the period. Essential Partners LLC’s holdings in Sandisk were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in Sandisk in the first quarter valued at $25,000. Whittier Trust Co. acquired a new stake in Sandisk during the fourth quarter worth about $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk during the fourth quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk in the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Sandisk in the 1st quarter worth about $29,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI spending optimism returned. Microsoft’s commitment to approximately $190 billion in capital expenditures helped ease concerns that cloud and AI infrastructure investment was slowing. The news lifted expectations for demand for data-center storage and memory products, including SanDisk’s enterprise NAND solutions. Microsoft Committed $190B CapEx and Pulled SanDisk Out of Their Slump
• Positive Sentiment: Memory-sector supply conditions appeared more favorable. Samsung Electronics reported a significant increase in chip profit and signed multiyear supply agreements with data-center operators, while warning that chip shortages could persist through 2028. That supported a broader rebound in memory stocks and reinforced the potential for stronger pricing. Why Micron, SanDisk, SK Hynix and Other Memory Stocks Are Roaring Back
• Positive Sentiment: Investors are positioning ahead of fiscal fourth-quarter earnings on August 5. Analysts cited the possibility of another earnings beat, with consensus estimates calling for roughly $33.38 per share in EPS. SanDisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while long-term contracts and approximately $42 billion in commitments support visibility into future demand. SanDisk Stock Is Gaining Thursday: What’s Going On?
• Neutral Sentiment: The rebound follows an extreme decline. SNDK had fallen roughly 57% from its peak and was considered deeply oversold, encouraging technical traders and investors seeking a recovery. However, the stock’s exceptionally high beta indicates that price swings may remain substantial. Is SanDisk Stock Crash Over?
• Negative Sentiment: Risks remain significant. Morningstar reportedly sees the AI boom as potentially finite before a possible downturn, while investors continue to worry about Chinese competition, another NAND oversupply cycle and the stock’s elevated valuation. Earnings guidance and management’s outlook will be critical to determining whether the rebound can continue. SanDisk Falls 54%: Morningstar Sees Finite AI Boom

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group set a $1,700.00 target price on Sandisk in a report on Monday, May 4th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Wedbush raised their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Argus initiated coverage on shares of Sandisk in a research report on Wednesday, July 15th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Insider Buying and Selling

In other news, 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 in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider directly owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% 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. Over the last quarter, insiders sold 6,225 shares of company stock valued at $10,166,297. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of SNDK opened at $1,279.96 on Friday. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The stock’s 50-day moving average is $1,734.42 and its two-hundred day moving average is $1,115.89. The stock has a market cap of $189.55 billion, a PE ratio of 44.49 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last posted its 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 business 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%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. On average, research analysts anticipate that Sandisk Corporation will post 64.52 earnings per share for the current year.

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.