Apollon Wealth Management LLC Buys 377 Shares of Sandisk Corporation $SNDK

Apollon Wealth Management LLC grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 29.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,652 shares of the data storage provider’s stock after buying an additional 377 shares during the period. Apollon Wealth Management LLC’s holdings in Sandisk were worth $1,050,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp acquired a new stake in Sandisk in the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk during the third quarter valued at approximately $297,293,000. Norges Bank acquired a new position in Sandisk during the fourth quarter valued at approximately $518,889,000. Bank of America Corp DE acquired a new position in Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk in the third quarter valued at approximately $163,057,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Bank of America boosted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna upped their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company raised their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by insiders.

Key Stories 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 Stock Performance

NASDAQ SNDK opened at $1,745.00 on Friday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The company has a market capitalization of $258.42 billion, a price-to-earnings ratio of 60.65 and a beta of 4.74. The stock’s 50 day moving average is $1,650.22 and its two-hundred day moving average is $942.09.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current year.

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.