Broussard Financial Group LLC Acquires Shares of 540 Sandisk Corporation $SNDK

Broussard Financial Group LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 540 shares of the data storage provider’s stock, valued at approximately $343,000. Sandisk makes up approximately 0.3% of Broussard Financial Group LLC’s holdings, making the stock its 22nd biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Roble Belko & Company Inc acquired a new position in Sandisk during the first quarter worth about $39,000. First United Bank & Trust acquired a new stake in Sandisk in the 1st quarter valued at about $54,000. Ascentis Independent Advisors acquired a new stake in Sandisk in the 1st quarter valued at about $59,000. Indiana Trust & Investment Management Co purchased a new position in Sandisk in the 1st quarter worth approximately $64,000. Finally, Greenline Wealth Management LLC purchased a new position in Sandisk in the 4th quarter worth approximately $26,000.

Sandisk Trading Down 7.3%

NASDAQ:SNDK opened at $1,617.70 on Wednesday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm has a market cap of $239.57 billion, a PE ratio of 56.23 and a beta of 4.74. The stock has a fifty day moving average price of $1,679.01 and a 200 day moving average price of $968.04.

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 analysts’ consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 64.01 EPS for the current year.

Insider Transactions at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 over the last quarter. Company insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several articles still frame SanDisk as a high-momentum name, supported by surging AI-driven demand for NAND flash, strong recent earnings, and analyst optimism that the company can keep gaining in the second half of 2026.
• Positive Sentiment: Analysts remain bullish overall, with reports highlighting higher price targets and expectations for another very strong quarter, suggesting the long-term growth story is still intact. SanDisk Stock (SNDK) Rises as Goldman Lifts Price Target by Over 83%; Expects a ‘Very Strong Quarter’
• Positive Sentiment: Recent commentary notes that SanDisk has benefited from a structural memory shortage and improving margins, with some pieces arguing the pullback could be a reset rather than the end of the rally. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (SNDK)
• Neutral Sentiment: Articles also highlighted how sharply the stock had already run this year, which may be prompting some investors to lock in gains after a massive multi-month move. Sandisk Stock Is Up Nearly 635% in 2026. Can It Still Go Higher?
• Negative Sentiment: The biggest near-term pressure is a memory-sector rout sparked by Samsung’s strong results, which some traders interpreted as a sign that supply is improving and pricing power could moderate. SanDisk stock drops as Samsung-led chip selloff hits memory sector
• Negative Sentiment: Several pieces warn that SanDisk’s huge recent gains may be vulnerable to a deeper correction if investors continue rotating out of high-flying memory names after the recent run-up.

Analyst Ratings Changes

A number of analysts have issued reports on SNDK shares. Morgan Stanley raised their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. KGI Securities began coverage on shares of Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $1,684.24.

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.