Independent Advisor Alliance Takes Position in Sandisk Corporation $SNDK

Independent Advisor Alliance purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,075 shares of the data storage provider’s stock, valued at approximately $255,000.

Several other large investors have also modified their holdings of SNDK. Whittier Trust Co. bought a new stake in shares of Sandisk in the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter valued at about $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $27,000. CVA Family Office LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at about $28,000. Finally, Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% in the 4th 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James Financial restated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Sanford C. Bernstein lifted their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Bank of America lifted their price objective on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,124.18.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the business’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 transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,525 shares of company stock valued at $6,555,092. Insiders own 0.21% of the company’s stock.

Sandisk Stock Down 5.3%

Shares of Sandisk stock opened at $1,333.01 on Tuesday. The firm’s 50 day moving average price is $914.47 and its 200-day moving average price is $563.86. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The company has a market cap of $197.41 billion, a P/E ratio of 46.33 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts forecast that Sandisk Corporation will post 63.58 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.