Gunderson Capital Management LLC Purchases Shares of 13,801 Sandisk Corporation $SNDK

Gunderson Capital Management LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,801 shares of the data storage provider’s stock, valued at approximately $8,768,000. Sandisk makes up 3.7% of Gunderson Capital Management LLC’s holdings, making the stock its 9th biggest position.

Several other institutional investors have also recently made changes to their positions in SNDK. Whittier Trust Co. purchased a new position in shares of Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new stake in Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC lifted its holdings 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.

Sandisk News Roundup

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

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares in the company, valued at approximately $55,954,752. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. 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 quarter. 0.21% of the stock is owned by company insiders.

Sandisk Price Performance

Sandisk stock opened at $2,090.71 on Friday. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The firm’s 50 day moving average price is $1,546.01 and its 200-day moving average price is $881.10. The stock has a market cap of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.87.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on SNDK shares. KGI Securities started coverage on shares of Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target for the company. Citigroup lifted their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wells Fargo & Company raised their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $1,603.29.

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.