Turtle Creek Wealth Advisors LLC Makes New Investment in Sandisk Corporation $SNDK

Turtle Creek Wealth Advisors LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, HoldingsChannel reports. The firm acquired 719 shares of the data storage provider’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in shares of Sandisk by 12.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after purchasing an additional 13 shares during the period. Blair William & Co. IL raised its holdings in Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares during the period. Larson Financial Group LLC raised its holdings in Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares during the period. Composition Wealth LLC lifted its position in Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after buying an additional 41 shares in the last quarter. Finally, Westfuller Advisors LLC lifted its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares in the last quarter.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,745.00 on Friday. The company’s fifty day simple moving average is $1,650.22 and its 200-day simple moving average is $942.09. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The stock has a market cap of $258.42 billion, a P/E ratio of 60.65 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion during 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 last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts expect that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced it has started production of its 10th-generation 3D flash memory with Kioxia at the Kitakami plant, and separately said it is sampling BiCS10 1Tb TLC 3D NAND. Both updates point to higher density, better power efficiency, and more capacity for data-center and AI workloads. Article Title Article Title
• Positive Sentiment: Analysts remained constructive on Sandisk, with China Renaissance lifting its price target sharply on strong AI storage demand and Bank of America raising its target to $2,500 while keeping a buy rating. Article Title
• Positive Sentiment: Commentary from several outlets says the recent selloff may be a pullback after a huge first-half rally, with some investors viewing the weakness as a buying opportunity rather than a change in the underlying growth thesis. Article Title
• Neutral Sentiment: MarketBeat’s week-in-review noted Sandisk as a poster child for tech-sector volatility, reflecting how much the stock can swing on sector rotation and sentiment shifts. Article Title
• Negative Sentiment: Sandisk shares have been hit by a broader selloff in AI chip and memory stocks as investors rotate toward AI software, and some reports also cite profit-taking and memory supply-glut fears. Article Title Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, a routine filing but still a mild caution flag for sentiment. Article Title

Analyst Upgrades and Downgrades

SNDK has been the subject of several recent research reports. Citigroup increased their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Mizuho lifted their target price on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,684.24.

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.