Silver Oak Securities Incorporated purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 450 shares of the data storage provider’s stock, valued at approximately $286,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Roble Belko & Company Inc bought a new position in shares of Sandisk in the 1st quarter valued at approximately $39,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the 4th quarter worth about $26,000. Whittier Trust Co. acquired a new position in Sandisk in the 4th quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter worth $27,000. Finally, Westfuller Advisors LLC lifted its holdings in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares during the period.
Analysts Set New Price Targets
SNDK has been the topic of a number of analyst reports. Bank of America upped their price target on Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Morgan Stanley upped their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average target price of $1,603.29.
Insider Activity at Sandisk
In other news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider owned 32,232 shares of the company’s stock, valued at $55,954,752. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,625 shares of company stock valued at $8,913,497 in the last ninety days. Company insiders own 0.21% of the company’s stock.
Sandisk Price Performance
Shares of Sandisk stock opened at $2,090.71 on Monday. The stock has a market cap of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.88. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The business’s 50 day moving average is $1,546.01 and its 200-day moving average is $885.72.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the business earned ($0.30) EPS. The business’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.
More Sandisk News
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
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.
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