Sequoia Financial Advisors LLC Raises Holdings in Sandisk Corporation $SNDK

Posted by Brian Himes on May 13th, 2026

Sequoia Financial Advisors LLC lifted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 48.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,772 shares of the data storage provider’s stock after acquiring an additional 1,559 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sandisk were worth $1,133,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk during the second quarter worth about $317,000. Merit Financial Group LLC purchased a new stake in Sandisk in the third quarter valued at approximately $408,000. Global Retirement Partners LLC purchased a new stake in Sandisk in the third quarter valued at approximately $49,000. CX Institutional purchased a new stake in Sandisk in the third quarter valued at approximately $79,000. Finally, HB Wealth Management LLC purchased a new stake in Sandisk in the third quarter valued at approximately $348,000.

Sandisk Trading Down 6.2%

Shares of NASDAQ:SNDK opened at $1,452.02 on Wednesday. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00. The company has a market capitalization of $215.03 billion, a PE ratio of 50.47 and a beta of 4.82. The business has a 50 day moving average of $850.04 and a two-hundred day moving average of $529.60.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts predict that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Melius Research assumed coverage on Sandisk in a research report on Monday, April 27th. They issued a “buy” rating on the stock. Benchmark upped their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. KGI Securities assumed coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price on the stock. Finally, Sanford C. Bernstein upped their target price on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,065.81.

Get Our Latest Analysis on Sandisk

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Recent commentary continues to support the AI memory thesis, with analysts and market watchers saying Sandisk remains well positioned to benefit from rising hyperscaler spending and strong demand for NAND and storage products. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
Positive Sentiment: Sandisk’s latest earnings and guidance were viewed as strong, reinforcing the bull case after the company reported a record quarter and raised optimism around future AI storage demand. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
Positive Sentiment: Wall Street sentiment remains upbeat, with several firms reiterating buy ratings and some targets far above current trading levels, including a recent $2,000 price target from Susquehanna. SanDisk (SNDK) Stock Soars as Susquehanna Sets Bold $2,000 Price Target
Neutral Sentiment: A director sold a small stake, which may add to near-term caution, but the transaction was modest relative to the executive’s remaining holdings and does not appear to change the broader story. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
Negative Sentiment: The biggest drag today is sector-wide profit-taking: memory and chip names sold off sharply, with SanDisk cited as one of the leaders of the decline as investors rotated out of overheated semiconductor trades. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom
Negative Sentiment: Several reports also warn the stock is technically overextended after a massive year-to-date surge, suggesting a pullback was due even without a fundamental setback. What’s Going On With SanDisk Stock Tuesday?

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on 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 directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Sandisk Company Profile

(Free Report)

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.