NewEdge Wealth LLC Purchases 332 Shares of Sandisk Corporation $SNDK

NewEdge Wealth LLC raised its position in Sandisk Corporation (NASDAQ:SNDK) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,379 shares of the data storage provider’s stock after buying an additional 332 shares during the quarter. NewEdge Wealth LLC’s holdings in Sandisk were worth $3,413,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in shares of Sandisk in the 4th quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the 4th quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC boosted its stake 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SNDK shares. Wells Fargo & Company raised their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Bank of America lifted their target price 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. 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. Citigroup lifted their target price on shares of Sandisk from $980.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Three 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,065.81.

Insider Buying and Selling

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,547.56 on Tuesday. The firm’s 50 day simple moving average is $833.70 and its 200 day simple moving average is $520.41. Sandisk Corporation has a one year low of $35.79 and a one year high of $1,600.00. The company has a market cap of $229.18 billion, a PE ratio of 53.79 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The business 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 quarter in the prior year, the business earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts expect that Sandisk Corporation will post 63.93 EPS for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Investor sentiment remains strong around AI-related memory demand, with several recent notes saying SanDisk is positioned to benefit from rising hyperscaler spending and broader storage-chip demand. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: SanDisk-linked funds and related storage plays are surging, reinforcing the market’s bullish view of the company’s role in the AI memory boom. SanDisk’s Breakout Turned This ETF Into A 640% Rocket In Just Over 3 Months
• Positive Sentiment: Commentary this week highlighted SanDisk’s extraordinary 2026 run and its all-time-high stock price, showing continued momentum and investor enthusiasm. Sandisk (SNDK) Surges 550%+ In 2026; Check Out Why Shares Are At Their All-Time High

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.