Simplicity Wealth LLC Takes $303,000 Position in Sandisk Corporation $SNDK

Simplicity Wealth LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, Holdings Channel reports. The fund purchased 477 shares of the data storage provider’s stock, valued at approximately $303,000.

A number of other institutional investors also recently made changes to their positions in SNDK. Whittier Trust Co. bought a new stake in Sandisk in the 4th quarter valued at $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the fourth quarter worth $27,000. Parallel Advisors LLC bought a new stake in shares of Sandisk in the third quarter valued at about $30,000. Finally, Westfuller Advisors LLC boosted its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Up 5.0%

Shares of NASDAQ:SNDK opened at $1,757.82 on Wednesday. The firm has a 50 day moving average of $1,744.88 and a 200-day moving average of $1,022.55. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The stock has a market capitalization of $260.32 billion, a PE ratio of 61.10 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was up 251.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts predict that Sandisk Corporation will post 64.95 EPS for the current fiscal year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush and Evercore both turned more bullish on SanDisk (SNDK), with price targets lifted sharply ahead of the August 5 earnings report; analysts cited strong memory pricing, robust AI demand, and upside to revenue and earnings. Article: Wedbush Pounds the Table—Buy Sandisk Before August 5 Earnings
• Positive Sentiment: Several reports said memory stocks, including SanDisk, look attractive after the recent selloff because AI-driven demand remains strong and valuations have improved. Article: Why You Must Buy These 4 Memory Stocks After the Recent Sell-Off
• Positive Sentiment: SNDK was added to a Zacks Rank #1 momentum list and highlighted as a “buy the dip” name, reinforcing the idea that some investors see the pullback as a buying opportunity. Article: Best Momentum Stocks to Buy for July 13th
• Positive Sentiment: Commentary around AI inference and the storage market suggested SanDisk could remain a beneficiary of the AI memory supercycle, which supports the longer-term bullish narrative. Article: Sandisk: How It Wins From The AI Inference Trend
• Neutral Sentiment: Market commentary focused on whether the recent AI memory boom has more room to run, but these pieces were mainly discussion-oriented rather than new company-specific catalysts. Article: Price Prediction: From $40 to $2,000 in a Year. Where is SanDisk Headed Now?
• Negative Sentiment: SanDisk fell with other memory and semiconductor names after SK Hynix issued a weaker outlook, triggering worries that the AI memory trade may be cooling and pressuring the whole group. Article: Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks
• Negative Sentiment: Broader market weakness and risk-off trading, including renewed geopolitical tension and tech-sector selling, added to the downward pressure on SNDK. Article: Why Is Sandisk Stock Falling Monday?
• Negative Sentiment: Some headlines noted that SanDisk has dropped sharply over the past two weeks, suggesting traders are taking profits after an enormous year-to-date rally. Article: SanDisk drops 20% in two weeks: What’s next for the stock?

Analyst Ratings Changes

A number of equities analysts recently commented on SNDK shares. Bank of America raised their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Evercore set a $3,100.00 target price on shares of Sandisk in a research report on Monday. Wells Fargo & Company raised their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,803.29.

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.