631 Shares in Sandisk Corporation $SNDK Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to its most recent filing with the SEC. The fund acquired 631 shares of the data storage provider’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ocean Park Asset Management LLC bought a new position in shares of Sandisk in the first quarter worth $355,000. Clark Asset Management LLC bought a new stake in shares of Sandisk during the 1st quarter valued at $341,000. Brookstone Capital Management bought a new stake in shares of Sandisk during the 1st quarter valued at $287,000. Roble Belko & Company Inc bought a new stake in shares of Sandisk during the 1st quarter valued at $39,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in Sandisk during the 1st quarter worth about $231,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentary say AI demand is fundamentally changing the NAND market, supporting the bullish case for Sandisk and the broader memory cycle.
• Positive Sentiment: Bank of America reportedly raised its price target to $2,100 as the global NAND shortage worsens, adding to investor enthusiasm for SNDK.
• Positive Sentiment: Memory stocks, including Sandisk, rallied alongside Micron and Western Digital as traders positioned ahead of Micron’s earnings, reinforcing sector momentum.
• Positive Sentiment: Articles highlighted Sandisk’s huge year-to-date gain and record-high trading levels, which can draw momentum buyers and ETF inflows tied to storage and AI themes. Article title
• Neutral Sentiment: Several pieces focused on Sandisk’s strong performance, including its role in free-cash-flow ETFs and comments from investors who have made large gains, which may help sentiment but do not change fundamentals directly.
• Neutral Sentiment: One report said SNDK could be significantly overvalued after its recent surge, which is a cautionary note for investors even as the stock remains buoyant.
• Negative Sentiment: Valuation concerns are starting to emerge after the explosive rally, and any disappointment in future earnings or memory pricing could spark volatility in SNDK.

Sandisk Stock Up 4.1%

Shares of SNDK stock opened at $2,273.73 on Tuesday. The business has a 50-day moving average price of $1,452.71 and a two-hundred day moving average price of $833.30. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm has a market cap of $336.72 billion, a P/E ratio of 79.03 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 company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the prior 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, research analysts expect that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Insider Buying and Selling at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s 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 value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the company’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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,625 shares of company stock valued at $8,913,497 over the last ninety days. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SNDK shares. Cantor Fitzgerald raised their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Susquehanna upped their price target on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Sanford C. Bernstein raised their price objective 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. Bank of America boosted their price objective on shares of Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Citigroup upped their target price on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,580.67.

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.