Waldron Private Wealth LLC Takes $351,000 Position in Sandisk Corporation $SNDK

Waldron Private Wealth LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,478 shares of the data storage provider’s stock, valued at approximately $351,000.

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

Sandisk Price Performance

SNDK stock opened at $615.83 on Monday. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $606.69 and a two-hundred day moving average of $346.09. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $777.60. The company has a market cap of $90.90 billion and a price-to-earnings ratio of -81.14.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 firm had revenue of $3.03 billion for 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 revenue was up 61.2% on a year-over-year basis.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Mizuho set a $600.00 price objective on Sandisk in a report on Tuesday, January 27th. Wedbush raised their price objective on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Susquehanna lifted their target price on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Finally, Barclays upped their target price on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $594.48.

Insider Activity

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 sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Key Sandisk News

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 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.