332 Shares in Sandisk Corporation $SNDK Acquired by Atlantic Private Wealth LLC

Atlantic Private Wealth LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 332 shares of the data storage provider’s stock, valued at approximately $79,000.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the fourth quarter worth $27,000. Westfuller Advisors LLC increased its position in shares of Sandisk by 51.8% during the fourth 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. TD Private Client Wealth LLC increased its position in shares of Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of Sandisk during the fourth quarter worth $37,000.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value 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. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the transaction, the insider directly owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,625 shares of company stock worth $8,913,497. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Down 11.4%

Shares of SNDK stock opened at $1,559.32 on Friday. The stock has a market cap of $230.92 billion, a PE ratio of 54.20 and a beta of 4.87. The business has a 50-day simple moving average of $1,174.63 and a 200-day simple moving average of $695.82. Sandisk Corporation has a 52-week low of $38.53 and a 52-week high of $1,861.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data 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 business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on SNDK. Wells Fargo & Company upped their target price on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Susquehanna raised their target price on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,398.27.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

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.