333 Shares in Sandisk Corporation $SNDK Acquired by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 333 shares of the data storage provider’s stock, valued at approximately $211,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC boosted its position in shares of Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 55 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Sandisk in the first quarter valued at about $39,000. First United Bank & Trust acquired a new stake in Sandisk during the first quarter worth about $54,000. Ascentis Independent Advisors acquired a new stake in Sandisk during the first quarter worth about $59,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in Sandisk during the first quarter worth about $64,000.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated 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 in the company, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 in the last 90 days. Insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

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

Sandisk Trading Up 3.1%

SNDK traded up $57.65 on Friday, hitting $1,915.92. The company had a trading volume of 10,956,274 shares, compared to its average volume of 10,872,288. The company’s fifty day moving average price is $1,726.30 and its 200 day moving average price is $996.55. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The firm has a market cap of $283.73 billion, a P/E ratio of 66.59 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 company had revenue of $5.95 billion during the quarter. During the same period last year, the business earned ($0.30) EPS. The company’s quarterly 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, analysts predict that Sandisk Corporation will post 64.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Evercore restated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research report on Friday, May 1st. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Finally, KGI Securities assumed coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.