Wolff Financial Management LLC Invests $255,000 in Sandisk Corporation $SNDK

Wolff Financial Management LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,075 shares of the data storage provider’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in shares of Sandisk in the 3rd quarter worth $1,970,388,000. State Street Corp purchased a new position in shares of Sandisk in the 3rd quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk in the 3rd quarter worth $297,293,000. Bank of America Corp DE purchased a new position in shares of Sandisk in the 3rd quarter worth $190,425,000. Finally, AQR Capital Management LLC purchased a new position in shares of Sandisk in the 3rd quarter worth $163,057,000.

Insider Activity

In other news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,525 shares of company stock worth $6,555,092 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNDK. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research note on Friday, May 1st. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Cantor Fitzgerald lifted their target price on Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and set a $1,100.00 target price on shares of Sandisk in a research report on Monday, April 27th. Finally, Mizuho set a $1,220.00 target price on Sandisk in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,124.18.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,333.01 on Tuesday. The company has a market capitalization of $197.41 billion, a PE ratio of 46.33 and a beta of 4.82. The business’s fifty day moving average is $914.47 and its 200 day moving average is $563.86. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,600.00.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter last year, the firm posted ($0.30) earnings per share. Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 63.58 EPS for the current year.

Sandisk 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.