Bessemer Group Inc. Purchases 1,121 Shares of Sandisk Corporation $SNDK

Bessemer Group Inc. increased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 45.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,577 shares of the data storage provider’s stock after acquiring an additional 1,121 shares during the quarter. Bessemer Group Inc.’s holdings in Sandisk were worth $2,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC increased its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the period. Finally, Parallel Advisors LLC bought a new position in Sandisk in the third quarter worth approximately $30,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Reports say memory prices are still surging, which supports expectations for stronger revenue and margins at Sandisk. Memory Prices Are Still Skyrocketing. Is the Next Rally for Micron, Sandisk, and SK Hynix Just Beginning?
• Positive Sentiment: Analysts and market commentators continue to highlight Sandisk as a beneficiary of AI-related NAND demand, enterprise SSD growth, and favorable pricing dynamics. Sandisk Trades at 8.3X Discounted P/E: Time to Buy the Stock?
• Positive Sentiment: UBS and other strategists said the recent selloff in AI and semiconductor names may be nearing exhaustion, which could help sentiment rebound further in Sandisk. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why
• Positive Sentiment: Tuesday’s memory-stock rally and Morgan Stanley’s forecast for another big jump in memory prices reinforced the bullish setup for SNDK. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Neutral Sentiment: Some coverage noted that the stock also saw profit-taking and broader market weakness at times, which can create short-term volatility even within the stronger trend. Why Is Sandisk Stock Falling on Wednesday?

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group set a $1,700.00 target price on Sandisk in a report on Monday, May 4th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Argus initiated coverage on Sandisk in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Melius Research set a $2,350.00 price objective on Sandisk in a research note on Monday, May 18th. Finally, Cantor Fitzgerald raised their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,820.90.

Sandisk Trading Up 0.6%

NASDAQ:SNDK opened at $1,599.27 on Thursday. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The firm has a fifty day simple moving average of $1,748.90 and a 200-day simple moving average of $1,075.37. The company has a market capitalization of $236.84 billion, a P/E ratio of 55.59 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm 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%.Sandisk’s revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

Insider Transactions at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 in the last 90 days. 0.21% of the stock is owned by company insiders.

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.