Janney Montgomery Scott LLC Acquires 1,801 Shares of Sandisk Corporation $SNDK

Janney Montgomery Scott LLC boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 45.8% in the first quarter, Holdings Channel.com reports. The fund owned 5,731 shares of the data storage provider’s stock after acquiring an additional 1,801 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sandisk were worth $3,642,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. J. L. Bainbridge & Co. Inc. purchased a new stake in shares of Sandisk during the first quarter valued at $238,000. Adams Diversified Equity Fund Inc. purchased a new position in Sandisk in the 1st quarter worth about $4,702,000. Cornerstone Wealth Group LLC bought a new stake in Sandisk during the 1st quarter valued at about $143,000. Decision Investments Inc. bought a new stake in Sandisk during the 1st quarter valued at about $2,173,000. Finally, Sterling Capital Management LLC boosted its position in Sandisk by 39.4% in the 1st quarter. Sterling Capital Management LLC now owns 11,146 shares of the data storage provider’s stock valued at $7,082,000 after buying an additional 3,151 shares during the period.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the transaction, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. 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. In the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by corporate insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain constructive, with multiple notes citing price targets as high as $3,000 and arguing that Sandisk still has room to run on strong AI-driven memory demand. Article Title
• Positive Sentiment: Sandisk recently began production of its 10th-generation 3D flash memory, which could support higher density, efficiency, and future revenue growth as AI storage demand stays strong. Article Title
• Positive Sentiment: Several commentaries say the memory shortage and AI infrastructure buildout remain intact, supporting the view that Sandisk’s strong earnings momentum may continue. Article Title
• Neutral Sentiment: Shares have already had a massive run in 2026, so some recent profit-taking and valuation concerns may be contributing to volatility even without company-specific bad news. Article Title
• Negative Sentiment: Samsung’s strong earnings are sparking a broader memory-sector rout, dragging Sandisk lower along with peers like Micron and Western Digital in premarket trading. Article Title
• Negative Sentiment: Some analysts and commentators warn that the recent rally may have gone too far and that the stock could be entering a more volatile, correction-prone phase. Article Title

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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 reiterated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Susquehanna raised their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Finally, Melius Research set a $2,350.00 target price on Sandisk in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,684.24.

Sandisk Stock Performance

Sandisk stock traded down $194.06 during midday trading on Tuesday, hitting $1,550.37. 2,846,422 shares of the company’s stock were exchanged, compared to its average volume of 16,464,688. The company has a market cap of $229.59 billion, a PE ratio of 53.96 and a beta of 4.74. The firm has a 50-day moving average of $1,666.46 and a two-hundred day moving average of $958.11. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm posted ($0.30) EPS. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. 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 earnings per share 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.