Bleakley Financial Group LLC Invests $2.99 Million in Sandisk Corporation $SNDK

Bleakley Financial Group LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, Holdings Channel reports. The fund acquired 12,608 shares of the data storage provider’s stock, valued at approximately $2,993,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNDK. Vanguard Group Inc. bought a new position in shares of Sandisk during the 3rd quarter worth about $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the 3rd quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth about $297,293,000. Bank of America Corp DE bought a new position in shares of Sandisk during the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk during the 3rd quarter worth about $163,057,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Barclays raised its price target on Sandisk and maintained a bullish view, saying AI-driven storage demand and Sandisk’s contract strategy still leave room for further upside. SanDisk (SNDK) Stock Has Exploded 4,000%. This 5-Star Analyst Still Sees More Upside
• Positive Sentiment: Multiple reports highlighted Sandisk as a leader in the AI memory supercycle, with chip shortages and strong pricing trends supporting continued earnings momentum. Memory Supercycle: Why MU & SNDK Are Set for a Grand Finale
• Positive Sentiment: Recent articles also pointed to Sandisk’s massive run and strong investor interest, reinforcing the view that momentum traders and growth investors are still piling into the name. What’s Going On With SanDisk Stock Wednesday?

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNDK shares. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research report on Friday, May 1st. Citigroup raised their price target on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Sanford C. Bernstein raised their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,200.00 to $2,300.00 in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $1,207.14.

Sandisk Stock Up 0.0%

Shares of SNDK stock opened at $1,589.94 on Thursday. The company has a 50 day moving average of $1,036.08 and a 200-day moving average of $627.45. Sandisk Corporation has a 12-month low of $36.21 and a 12-month high of $1,658.77. The firm has a market cap of $235.45 billion, a P/E ratio of 55.26 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business earned ($0.30) EPS. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 63.58 EPS for the current year.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

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.