Savant Capital LLC Makes New $1.46 Million Investment in Sandisk Corporation $SNDK

Savant Capital LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,969 shares of the data storage provider’s stock, valued at approximately $1,455,000.

Other hedge funds have also recently made changes to their positions in the company. Osaic Holdings Inc. bought a new position in Sandisk during the 2nd quarter valued at approximately $317,000. Corient Private Wealth LLC purchased a new stake in shares of Sandisk in the second quarter worth $353,000. Praxis Investment Management Inc. purchased a new stake in shares of Sandisk in the third quarter worth $533,000. GAMMA Investing LLC bought a new position in shares of Sandisk during the third quarter valued at $439,000. Finally, Voya Investment Management LLC purchased a new position in shares of Sandisk in the 3rd quarter worth about $8,917,000.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

SNDK has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Susquehanna upped their target price on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Wedbush raised their price target on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Raymond James Financial upgraded shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective for the company in a report on Friday, January 30th. Finally, Citigroup increased their target price on Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Stock Down 2.4%

Shares of Sandisk stock opened at $583.40 on Tuesday. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $725.00. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $356.71 and its 200 day moving average is $204.87. The company has a market cap of $86.09 billion and a price-to-earnings ratio of -76.86.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company’s revenue for the quarter was up 61.2% on a year-over-year basis.

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.