Roman Butler Fullerton & Co. Purchases Shares of 443 Sandisk Corporation $SNDK

Roman Butler Fullerton & Co. acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 443 shares of the data storage provider’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Range Financial Group LLC acquired a new stake in shares of Sandisk during the 1st quarter valued at about $3,472,000. Kestra Advisory Services LLC raised its position in Sandisk by 33.7% in the first quarter. Kestra Advisory Services LLC now owns 3,666 shares of the data storage provider’s stock worth $2,329,000 after purchasing an additional 925 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Sandisk by 134.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 40,436 shares of the data storage provider’s stock worth $25,691,000 after purchasing an additional 23,167 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Sandisk by 13.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,984 shares of the data storage provider’s stock worth $1,261,000 after purchasing an additional 228 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Sandisk during the first quarter valued at approximately $329,000.

Sandisk Price Performance

Shares of SNDK traded up $57.65 on Friday, hitting $1,915.92. The company’s stock had a trading volume of 10,956,274 shares, compared to its average volume of 10,872,288. The company has a market capitalization of $283.73 billion, a PE ratio of 66.59 and a beta of 4.74. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The company has a 50 day moving average price of $1,726.30 and a 200 day moving average price of $996.55.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm 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 revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 64.01 EPS for the current year.

Insider Buying and Selling at Sandisk

In related news, 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 approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider directly owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is currently owned by insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush raised its price target on Sandisk and said it expects a strong earnings beat, citing favorable NAND pricing trends and improving fundamentals ahead of the company’s upcoming quarterly report. Article Title
• Positive Sentiment: Sandisk and other memory stocks rebounded after a Samsung-led sector selloff, as investors rotated back into the group on hopes that demand remains strong. Article Title
• Positive Sentiment: Reports that Meta signed a multi-year NAND flash supply deal with Sandisk added to optimism around AI infrastructure demand and long-term storage sales. Article Title
• Positive Sentiment: Sandisk announced it will report fiscal fourth-quarter and full-year 2026 results on August 5, followed by an Investor Day on August 13, which keeps a near-term catalyst in focus. Article Title
• Neutral Sentiment: Sandisk is being highlighted in broader market coverage and stock-mover lists, reflecting elevated trading interest rather than a single company-specific development. Article Title
• Negative Sentiment: Some commentary warned that investors may be pricing in too much AI-memory optimism, with concerns that storage demand could be peaking after the recent rally. Article Title
• Negative Sentiment: A separate article argued that investors didn’t need Sandisk to benefit from the AI wave, suggesting some capital could rotate into broader semiconductor ETFs instead of the stock. Article Title

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Wells Fargo & Company boosted their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Royal Bank Of Canada increased their price objective on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,684.24.

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.