Family Wealth Partners LLC Purchases Shares of 899 Sandisk Corporation $SNDK

Family Wealth Partners LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel reports. The institutional investor bought 899 shares of the data storage provider’s stock, valued at approximately $213,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new position in shares of Sandisk in the third quarter valued at about $28,000. Parallel Advisors LLC bought a new position in shares of Sandisk in the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. bought a new position in Sandisk in the 3rd quarter worth approximately $32,000. Finally, Covestor Ltd acquired a new position in shares of Sandisk during the third quarter valued at $37,000.

Analyst Ratings Changes

Several brokerages recently weighed in on SNDK. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Cantor Fitzgerald lifted their price objective on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Morgan Stanley set a $690.00 target price on shares of Sandisk in a research note on Friday, January 30th. Citigroup upped their price target on Sandisk from $750.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Barclays boosted their price target on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $594.48.

Sandisk Trading Up 2.1%

Shares of NASDAQ:SNDK opened at $615.83 on Friday. The business has a 50 day moving average of $606.69 and a 200-day moving average of $342.26. The stock has a market cap of $90.90 billion and a PE ratio of -81.14. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $777.60. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

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 analysts’ consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business’s quarterly revenue was up 61.2% compared to the same quarter last year.

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Top analyst support rekindled buying interest — a high-profile Wall Street analyst reiterated a bullish outlook, helping lift sentiment after recent weakness. A Top Wall Street Analyst Just Reignited Hope In SanDisk Stock (SNDK)
• Positive Sentiment: Supply-security move with Taiwan’s Nanya: SanDisk is securing NAND/DRAM supply via ties with Nanya (choosing Taiwan capacity), which reduces execution risk amid rapid demand growth and supports longer-term supply tightness. After A 1,600% Stock Surge, SanDisk Is Securing Supply — By Choosing Taiwan Over America
• Positive Sentiment: Firm demand drivers remain: analysts argue SanDisk can still benefit from tight NAND supply, continued hyperscaler AI spending, and broad-based enterprise/edge demand — a structural tailwind if near-term shocks fade. Google’s TurboQuant Shakes SanDisk. What Should You Do With SNDK Stock Now?
• Neutral Sentiment: Strong recent fundamentals and momentum: coverage highlights massive trailing EPS growth and big multi-session gains this year — supportive for momentum investors but increases sensitivity to sentiment reversals. SNDK Stock: 216% EPS Growth & 1,162% Price Performance | 2-Minute Analysis
• Negative Sentiment: Google’s TurboQuant sparked a sector selloff by implying potential changes in memory usage/pricing dynamics — that headline created near-term demand uncertainty and weighed heavily on SNDK and peers. Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?
• Negative Sentiment: Macro & rate pressures are dragging tech and memory stocks broadly — rising rate/fear environment makes high-multiple momentum names more volatile even if fundamentals remain strong. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

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.