Smith Salley Wealth Management Makes New $212,000 Investment in Sandisk Corporation $SNDK

Smith Salley Wealth Management bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 334 shares of the data storage provider’s stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in Sandisk by 0.3% in the 4th 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 last quarter. Larson Financial Group LLC boosted its position in Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after buying an additional 37 shares during the period. Composition Wealth LLC grew its holdings in Sandisk by 0.4% during the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after acquiring an additional 41 shares during the last quarter. Westfuller Advisors LLC grew its holdings in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Sandisk by 4.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock valued at $261,000 after acquiring an additional 46 shares during the period.

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. 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 stock in a transaction dated 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,625 shares of company stock worth $8,913,497 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Sandisk stock opened at $2,273.73 on Tuesday. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm has a 50 day moving average price of $1,452.71 and a two-hundred day moving average price of $833.30. The firm has a market cap of $336.72 billion, a price-to-earnings ratio of 79.03 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the firm posted ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Trending Headlines about Sandisk

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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group set a $1,700.00 price target on shares of Sandisk in a research note on Monday, May 4th. Weiss Ratings cut shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Susquehanna increased their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.