Maridea Wealth Management LLC Makes New $839,000 Investment in Sandisk Corporation $SNDK

Posted by Francis Steltz on Jun 28th, 2026

Maridea Wealth Management LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,321 shares of the data storage provider’s stock, valued at approximately $839,000.

Several other hedge funds have also modified their holdings of SNDK. Allworth Financial LP increased its stake in shares of Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after buying an additional 2,067 shares during the period. Tredje AP fonden purchased a new position in Sandisk in the fourth quarter worth approximately $7,821,000. ProShare Advisors LLC lifted its stake in Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after acquiring an additional 31,237 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in Sandisk in the fourth quarter worth approximately $422,000. Finally, North Dakota State Investment Board acquired a new position in Sandisk during the 4th quarter worth approximately $1,127,000.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction 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 sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,625 shares of company stock valued at $8,913,497 over the last quarter. 0.21% of the stock is owned by insiders.

Sandisk Stock Down 10.5%

Shares of Sandisk stock opened at $2,090.71 on Friday. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The firm’s 50 day moving average is $1,546.01 and its two-hundred day moving average is $881.10. The firm has a market capitalization of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.87.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 business had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm posted ($0.30) EPS. The firm’s quarterly 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. As a group, research analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Bank of America boosted their target price on shares of Sandisk from $1,550.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Cantor Fitzgerald increased their target price on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wedbush raised their price target on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Three 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,603.29.

Check Out Our Latest Stock Analysis on Sandisk

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Sandisk 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.