WCM Investment Management LLC Makes New Investment in Sandisk Corporation $SNDK

WCM Investment Management LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 2,665 shares of the data storage provider’s stock, valued at approximately $1,693,000.

Other large investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new position in Sandisk during the first quarter valued at $25,000. Whittier Trust Co. purchased a new stake in shares of Sandisk in the fourth quarter worth $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the fourth quarter worth $26,000. Chung Wu Investment Group LLC bought a new position in shares of Sandisk during the fourth quarter valued at $27,000. Finally, Westfuller Advisors LLC increased its holdings in shares of 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 acquiring an additional 43 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Argus started coverage on shares of Sandisk in a research note on Wednesday, July 15th. They set a “hold” rating for the company. Cantor Fitzgerald lifted their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Citigroup upped their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Sandisk Price Performance

Sandisk stock opened at $1,390.95 on Tuesday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The business’s fifty day moving average is $1,743.12 and its 200 day moving average is $1,056.26. The stock has a market capitalization of $205.99 billion, a PE ratio of 48.35 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders 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.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

Sandisk 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.