Outlook Wealth Advisors LLC Invests $341,000 in Sandisk Corporation $SNDK

Outlook Wealth Advisors LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 536 shares of the data storage provider’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. State Street Corp acquired a new position in Sandisk during the 3rd quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk in the 3rd quarter valued at about $297,293,000. Norges Bank acquired a new position in Sandisk in the 4th quarter valued at about $518,889,000. Bank of America Corp DE purchased a new stake in Sandisk during the third quarter worth about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in Sandisk during the third quarter worth about $163,057,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
• Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
• Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
• Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
• Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
• Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

Sandisk Trading Down 13.6%

Shares of NASDAQ:SNDK opened at $1,963.60 on Wednesday. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The company’s 50 day moving average is $1,474.95 and its two-hundred day moving average is $845.76. The company has a market cap of $290.79 billion, a PE ratio of 68.25 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 business 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%. Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. 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 research analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several recent research reports. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Wedbush raised their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein raised their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price target on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,580.67.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 579 shares of Sandisk 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 completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider directly owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This represents a 1.83% 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. Insiders have sold 5,625 shares of company stock valued at $8,913,497 in the last three months. Corporate 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.