Waddell & Associates LLC Buys Shares of 1,266 Sandisk Corporation $SNDK

Waddell & Associates LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,266 shares of the data storage provider’s stock, valued at approximately $301,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden purchased a new position in shares of Sandisk in the 4th quarter worth about $7,821,000. ProShare Advisors LLC raised its holdings in shares of Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of Sandisk in the 4th quarter worth about $422,000. Finally, North Dakota State Investment Board purchased a new position in shares of Sandisk in the 4th quarter worth about $1,127,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk shares climbed as analysts grew more optimistic about its position in the fast-growing NAND memory market, with fresh commentary saying the stock is outperforming a weak broader market. Why is SanDisk stock rising today?
• Positive Sentiment: Investor interest was also lifted by Wall Street price-target hikes from major firms, including Cantor and Bank of America, reinforcing expectations that the AI-driven NAND cycle could support further upside. Why Is SanDisk Stock Gaining Tuesday?
• Positive Sentiment: Zacks highlighted SanDisk’s new business model initiatives, saying they have secured $42 billion in revenue commitments and could reduce dependence on volatile NAND pricing. Can SNDK’s New Business Models Reduce Dependence on NAND Volatility?
• Neutral Sentiment: Coverage from a Mizuho Technology Conference transcript and other market commentary kept SanDisk in the spotlight, but these items were mostly informational rather than a direct catalyst. Sandisk Corporation (SNDK) Presents at Mizuho Technology Conference 2026 Transcript
• Negative Sentiment: Bearish commentary argued SanDisk looks fully valued after its sharp 2026 rally, suggesting the stock may be vulnerable if investors stop chasing momentum. Up 500% in 2026: 1 Deeply Concerning Reason to Stand Pat on SanDisk Stock Despite the June Rebound
• Negative Sentiment: Seeking Alpha also issued a downgrade, reinforcing concerns that the market may have already priced in much of the NAND supercycle recovery. Sandisk: The Cycle Is Early, The Re-Rate Is Not (Rating Downgrade)

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore restated an “outperform” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Royal Bank Of Canada raised their target price on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Morgan Stanley raised their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald raised their target price on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday. Finally, Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,580.67.

Sandisk Trading Down 0.2%

Shares of SNDK opened at $1,643.23 on Thursday. The firm has a market cap of $243.35 billion, a price-to-earnings ratio of 57.12 and a beta of 4.87. The stock has a 50 day moving average of $1,237.43 and a 200-day moving average of $728.74. Sandisk Corporation has a 52 week low of $39.44 and a 52 week high of $1,861.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.30) EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were 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 of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,625 shares of company stock worth $8,913,497 over the last 90 days. Insiders own 0.21% of the company’s stock.

Sandisk Company 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.