Riversedge Advisors LLC Purchases New Holdings in Sandisk Corporation $SNDK

Riversedge Advisors LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,018 shares of the data storage provider’s stock, valued at approximately $242,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sandisk in the third quarter valued at $1,136,000. New York State Teachers Retirement System acquired a new stake in Sandisk during the third quarter worth $13,546,000. Sage Rhino Capital LLC bought a new stake in Sandisk in the 3rd quarter valued at $587,000. Y Intercept Hong Kong Ltd bought a new stake in Sandisk in the 3rd quarter valued at $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Sandisk in the 3rd quarter valued at $514,000.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target to $875 and maintained a buy stance, signaling significant upside expectations and supporting the stock’s recent run. Benzinga / TickerReport on Citi price target raise
• Positive Sentiment: A Citi analyst also boosted earnings/volume forecasts, saying data‑center NAND bit demand is “through the roof,” which underpins longer‑term revenue prospects for SanDisk. TipRanks: Citi analyst hike
• Positive Sentiment: SanDisk recently hit all‑time highs amid strong demand for AI‑optimized storage, which helped push momentum and attracted momentum buyers ahead of this pullback. TipRanks: all‑time high coverage
• Positive Sentiment: KGI Securities and other firms initiated/expanded coverage with constructive ratings, increasing institutional attention and potential buy‑side interest. AmericanBankingNews: KGI initiates coverage
• Neutral Sentiment: Technical analysts flagged bullish patterns (golden cross on key moving averages) that can attract technical buyers but don’t guarantee sustained gains. 24/7 Wall St.: golden cross article
• Neutral Sentiment: Analyst/market commentary and media speculation about a potential stock split have circulated; such talk can boost retail interest but is speculative until management confirms. 24/7 Wall St.: stock split speculation
• Negative Sentiment: Profit‑taking and a debate in the press — framed as “AI breakout or speculative bubble” — have driven a short‑term pullback as investors reassess valuation after the rapid rise. 24/7 Wall St.: AI breakout vs bubble
• Negative Sentiment: Coverage noting intra‑session drops and pre‑market weakness highlights elevated volatility — short‑term traders may exacerbate moves, increasing downside risk for momentum investors. MSN: what’s behind the drop

Sandisk Stock Down 8.1%

Shares of NASDAQ SNDK opened at $709.71 on Friday. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $777.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The business has a fifty day moving average of $580.47 and a two-hundred day moving average of $323.22. The stock has a market cap of $104.75 billion and a PE ratio of -93.51.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates 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 was up 61.2% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNDK. Sanford C. Bernstein raised their price objective on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Benchmark upped their target price on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. KGI Securities initiated coverage on shares of Sandisk in a research report on Wednesday. They issued an “outperform” rating and a $992.00 price target for the company. Cantor Fitzgerald raised their price target on shares of Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, Morgan Stanley set a $690.00 price objective on Sandisk in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $570.19.

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.