Sequoia Financial Advisors LLC Acquires 1,559 Shares of Sandisk Corporation $SNDK

Sequoia Financial Advisors LLC raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 48.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,772 shares of the data storage provider’s stock after purchasing an additional 1,559 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sandisk were worth $1,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SNDK. Vanguard Group Inc. bought a new stake in shares of Sandisk during the third quarter worth $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk during the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk during the third quarter worth $297,293,000. Bank of America Corp DE bought a new stake in shares of Sandisk in the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk in the third quarter valued at about $163,057,000.

Insider Activity

In other news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated 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 sale, the director owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNDK. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Barclays lifted their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Melius Research began coverage on Sandisk in a report on Monday, April 27th. They issued a “buy” rating for the company. Finally, Evercore restated an “outperform” rating and issued a $1,400.00 price objective on shares of Sandisk in a 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Sandisk Price Performance

SNDK opened at $1,452.02 on Wednesday. The business’s 50-day moving average is $850.04 and its two-hundred day moving average is $529.60. Sandisk Corporation has a 1 year low of $35.79 and a 1 year high of $1,600.00. The firm has a market capitalization of $215.03 billion, a PE ratio of 50.47 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter last year, the firm earned ($0.30) EPS. Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 63.93 EPS for the current year.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Recent commentary continues to support the AI memory thesis, with analysts and market watchers saying Sandisk remains well positioned to benefit from rising hyperscaler spending and strong demand for NAND and storage products. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: Sandisk’s latest earnings and guidance were viewed as strong, reinforcing the bull case after the company reported a record quarter and raised optimism around future AI storage demand. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: Wall Street sentiment remains upbeat, with several firms reiterating buy ratings and some targets far above current trading levels, including a recent $2,000 price target from Susquehanna. SanDisk (SNDK) Stock Soars as Susquehanna Sets Bold $2,000 Price Target
• Neutral Sentiment: A director sold a small stake, which may add to near-term caution, but the transaction was modest relative to the executive’s remaining holdings and does not appear to change the broader story. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: The biggest drag today is sector-wide profit-taking: memory and chip names sold off sharply, with SanDisk cited as one of the leaders of the decline as investors rotated out of overheated semiconductor trades. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom
• Negative Sentiment: Several reports also warn the stock is technically overextended after a massive year-to-date surge, suggesting a pullback was due even without a fundamental setback. What’s Going On With SanDisk Stock Tuesday?

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.