HB Wealth Management LLC Purchases 730 Shares of Sandisk Corporation $SNDK

HB Wealth Management LLC raised its position in Sandisk Corporation (NASDAQ:SNDK) by 19.9% during the first quarter, HoldingsChannel.com reports. The firm owned 4,390 shares of the data storage provider’s stock after purchasing an additional 730 shares during the period. HB Wealth Management LLC’s holdings in Sandisk were worth $2,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moran Wealth Management LLC bought a new stake in Sandisk in the first quarter worth about $333,000. PFG Investments LLC bought a new position in shares of Sandisk during the first quarter valued at approximately $464,000. World Investment Advisors grew its stake in shares of Sandisk by 236.5% during the first quarter. World Investment Advisors now owns 3,648 shares of the data storage provider’s stock valued at $2,318,000 after buying an additional 2,564 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Sandisk in the first quarter worth approximately $457,000. Finally, New York State Teachers Retirement System raised its holdings in shares of Sandisk by 9.4% in the first quarter. New York State Teachers Retirement System now owns 116,436 shares of the data storage provider’s stock worth $73,976,000 after buying an additional 10,037 shares during the period.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,745.00 on Monday. The company has a market capitalization of $258.42 billion, a PE ratio of 60.65 and a beta of 4.74. The company has a 50 day moving average price of $1,650.22 and a 200-day moving average price of $947.30. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39.

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

Analyst Ratings Changes

SNDK has been the subject of a number of research analyst reports. Wedbush raised their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Citigroup boosted their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,684.24.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced it has started production of its 10th-generation 3D flash memory with Kioxia at the Kitakami plant, and separately said it is sampling BiCS10 1Tb TLC 3D NAND. Both updates point to higher density, better power efficiency, and more capacity for data-center and AI workloads. Article Title Article Title
• Positive Sentiment: Analysts remained constructive on Sandisk, with China Renaissance lifting its price target sharply on strong AI storage demand and Bank of America raising its target to $2,500 while keeping a buy rating. Article Title
• Positive Sentiment: Commentary from several outlets says the recent selloff may be a pullback after a huge first-half rally, with some investors viewing the weakness as a buying opportunity rather than a change in the underlying growth thesis. Article Title
• Neutral Sentiment: MarketBeat’s week-in-review noted Sandisk as a poster child for tech-sector volatility, reflecting how much the stock can swing on sector rotation and sentiment shifts. Article Title
• Negative Sentiment: Sandisk shares have been hit by a broader selloff in AI chip and memory stocks as investors rotate toward AI software, and some reports also cite profit-taking and memory supply-glut fears. Article Title Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, a routine filing but still a mild caution flag for sentiment. Article Title

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.