Independent Financial Group LLC Purchases New Holdings in Sandisk Corporation $SNDK

Independent Financial Group LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,890 shares of the data storage provider’s stock, valued at approximately $2,471,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in Sandisk in the 4th quarter valued at $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the 4th quarter worth $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the 4th quarter worth $27,000. Westfuller Advisors LLC increased its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period. Finally, Parallel Advisors LLC bought a new position in shares of Sandisk in the third quarter worth $30,000.

Wall Street Analyst Weigh In

SNDK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Citigroup raised their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Evercore set a $3,100.00 price target on shares of Sandisk in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Insider Activity at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock worth $10,166,297 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Sandisk Trading Down 4.0%

SNDK stock opened at $1,354.38 on Friday. The stock has a market capitalization of $200.57 billion, a P/E ratio of 47.08 and a beta of 4.74. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The firm has a 50-day moving average price of $1,746.25 and a 200-day moving average price of $1,042.54.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company 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 company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

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.