Falcon Wealth Planning Invests $386,000 in Sandisk Corporation $SNDK

Falcon Wealth Planning acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 608 shares of the data storage provider’s stock, valued at approximately $386,000.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in Sandisk in the fourth quarter valued at about $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk during the 3rd quarter valued at about $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the 4th quarter worth approximately $27,000. Finally, Parallel Advisors LLC acquired a new stake in Sandisk during the 3rd quarter worth approximately $30,000.

Sandisk Stock Performance

SNDK opened at $2,335.00 on Friday. The business’s 50-day simple moving average is $1,522.03 and its 200 day simple moving average is $872.58. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm has a market capitalization of $345.79 billion, a PE ratio of 81.16 and a beta of 4.87.

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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the business earned ($0.30) earnings per share. The firm’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, research analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Micron’s strong quarterly results and bullish outlook boosted confidence in the broader AI memory market, lifting Sandisk alongside other storage stocks. Micron’s Blowout Q3 Report Ripples Through Memory Stocks SanDisk, Western Digital
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and kept a Buy rating, citing stronger demand trends and improving fundamentals for the flash-storage maker. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Analyst commentary continues to frame Sandisk as a momentum and AI-memory beneficiary, with Wall Street upgrades and bullish notes helping support the stock’s surge. Wall Street sets Sandisk stock price target
• Neutral Sentiment: Short-interest data was reported as 0 shares, making the June update effectively non-informative for trading sentiment. Short interest update

Wall Street Analysts Forecast Growth

SNDK has been the subject of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Cantor Fitzgerald boosted their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $1,603.29.

Insider Activity

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 over the last three months. Corporate insiders own 0.21% of the company’s stock.

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.