Stephens Inc. AR Buys New Position in Sandisk Corporation $SNDK

Stephens Inc. AR purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, HoldingsChannel.com reports. The firm purchased 448 shares of the data storage provider’s stock, valued at approximately $285,000.

Several other institutional investors have also added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new position in shares of Sandisk during the second quarter valued at about $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in Sandisk in the 3rd quarter worth approximately $100,080,000. First Trust Advisors LP acquired a new stake in Sandisk in the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in Sandisk in the 3rd quarter worth approximately $591,000.

Insider Buying and Selling

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 over the last quarter. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SNDK. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Weiss Ratings raised Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,765.19.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Evercore ISI raised its price target on SanDisk to $3,100 and kept an Outperform rating, reinforcing the view that the company still has significant upside. SanDisk Stock Price Forecast: Why Evercore’s Amit Daryanani Raised SNDK’s Price Target by More Than 120%
• Positive Sentiment: Goldman Sachs also nearly doubled its SanDisk price target, adding to the bullish analyst sentiment around the stock. Goldman Sachs nearly doubles SanDisk stock price target for 2026
• Positive Sentiment: SanDisk was added to Zacks’ Rank #1 (Strong Buy) momentum list, and another Zacks piece said it still screens as cheap despite its huge year-to-date rally, which may attract value and momentum buyers. Best Momentum Stocks to Buy for July 13th
• Positive Sentiment: Commentary from strategists and analysts suggested the recent tech pullback could be a buying opportunity for SanDisk, with continued confidence in AI-driven demand and long-term storage growth. This Strategist Says the Tech Wreck Is Your Buy Signal: Micron and SanDisk on Sale?
• Neutral Sentiment: Several market updates focused on broader macro and pre-market weakness, including a red futures session and upcoming inflation data, which added to risk-off trading across tech stocks. Pre-Market in Red
• Negative Sentiment: SK Hynix’s weak outlook sparked a sector-wide selloff in memory names such as SanDisk, Micron, and Western Digital, weighing on SNDK shares today. Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks

Sandisk Price Performance

SNDK stock opened at $1,673.97 on Tuesday. The company has a market capitalization of $247.90 billion, a P/E ratio of 58.18 and a beta of 4.74. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The firm’s fifty day simple moving average is $1,737.85 and its 200-day simple moving average is $1,011.93.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period last year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 64.95 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.