451 Shares in Sandisk Corporation $SNDK Acquired by Brookstone Capital Management

Brookstone Capital Management bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, Holdings Channel reports. The institutional investor bought 451 shares of the data storage provider’s stock, valued at approximately $287,000.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL raised its holdings in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after acquiring an additional 17 shares during the period. Larson Financial Group LLC boosted its stake in Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 37 shares during the period. Composition Wealth LLC boosted its stake in Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after purchasing an additional 41 shares during the period. Westfuller Advisors LLC increased 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 purchasing an additional 43 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Sandisk by 4.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock worth $261,000 after purchasing an additional 46 shares in the last quarter.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $2,050.39 on Tuesday. The stock has a 50 day moving average price of $1,568.63 and a 200 day moving average price of $898.61. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The stock has a market capitalization of $303.64 billion, a PE ratio of 71.27 and a beta of 4.88.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SNDK shares. UBS Group set a $1,700.00 price target on Sandisk in a report on Monday, May 4th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Evercore restated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,665.19.

Insider Activity

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 over the last three months. Corporate insiders own 0.21% of the company’s stock.

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.